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Tax Computation - TechM

This document provides details of an employee's monthly compensation breakdown including fixed payments of 0 across various components like basic pay, HRA, conveyance, etc. It also shows a net monthly cash inflow of 3967 after deductions for PF contribution, income tax, and professional tax. The tax computation section outlines the employee's taxable income and tax payable per month for different investment amounts under section 80C.

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Rohit Nimesh
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39 views

Tax Computation - TechM

This document provides details of an employee's monthly compensation breakdown including fixed payments of 0 across various components like basic pay, HRA, conveyance, etc. It also shows a net monthly cash inflow of 3967 after deductions for PF contribution, income tax, and professional tax. The tax computation section outlines the employee's taxable income and tax payable per month for different investment amounts under section 80C.

Uploaded by

Rohit Nimesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Fixed Component Per Annum Per Month

Basic 0
HRA 0
Conveyance 0
Personal pay 0
Lunch Reimbursement 0
LTA 0
Medical 0
PF 0
Total Fixed 0 0
Variable Component 0
Total 0 0
Amount Credited to bank account per month
Basic 0
HRA 0
Conveyance 0
Personal pay 0
LTA
Total 0
Less: Deductions in pay slip
Employee's PF Contribution 0
Income Tax -4167
Professional Tax 200
Total -3967
Net amount Credited to Bank Account 3967
Amount received as reimbursement/suddexo's 0
Monthly Cash Inflow 3967
Tax Computation
Investment for 80C 100000 90000 80000 70000 60000
Taxable Portion of the salary
Basic 0
HRA 0
Personal pay 0
LTA 0
Variable Component 0
Taxable Portion of the salary 0
HRA computaion
Excess of rent over 10% of Basic 0
40% of Basic 0
Actual HRA 0
Least of the above 0
Taxable (Actual -least) 0
Deduction under 80C
Employee's PF Contribution 0
LIC 0
Others 0
Total 0
Exc.Variable
Taxable Income 0 -90000 -80000 -70000 -60000
Tax Payable -50000 -77000 -74000 -71000 -68000
Tax Payable per month -4167 -6417 -6167 -5917 -5667
Amount received on year end
100% 80% 60% 40%
Variable Component 0 0 0 0
LTA
Net of Tax 0 0 0 0
Tax on variable per month 0 0 0 0
Performance Criteria
55000
-55000
-66500
-5542

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