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First American (India) Pvt. Ltd.

No.184, Aveda Meta, Bangalore - 38

Income Tax Computation for the Financial Year 2017-2018 as on Nov 2017

Employee : Hanumanth Raju Subbaiah - 13186 Date of Join : 28 May 2010

Gender : Male Date of Birth : 25 Sep 1986

PAN : CIWPS1257F

A) Taxable Income

(i) Monthly Income

Pay Items Total Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018

BASIC 139668.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00 11639.00

HRA 55872.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00 4656.00

SPECIAL ALLOWANCE 44556.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00 3713.00

MEDICAL REIMBURSEMENT 15000.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00

ADVANCE BONUS 16800.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00

Sub Total 271896.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00 22658.00

(ii) Adhoc Income

Pay Items Total Apr 2017May 2017Jun 2017Jul 2017 Aug 2017 Sep 2017Oct 2017 Nov 2017 Dec 2017Jan 2018Feb 2018Mar 2018

NIGHT SHIFT ALLOWANCE 1080.00 330.00 300.00 150.00 300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

PERFORMANCE INCENTIVE 26290.00 1882.00 2008.00 3756.00 1819.00 4252.00 3189.00 5006.00 4378.00 0.00 0.00 0.00 0.00

EXTRA PRODUCTION INC 15923.00 1462.00 1518.00 1857.00 421.00 1521.00 3303.00 2096.00 3745.00 0.00 0.00 0.00 0.00

STATUTORY BONUS 11785.00 0.00 0.00 0.00 0.00 11785.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TRANSPORT ALLOWANCE 11733.00 0.00 0.00 1733.00 2000.00 2000.00 2000.00 2000.00 2000.00 0.00 0.00 0.00 0.00

Sub Total 66811.00 3674.00 3826.00 7496.00 4540.00 19558.00 8492.00 9102.00 10123.00 0.00 0.00 0.00 0.00

Sub Total 338707.00

B) Other Items

Pay Items Total Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
PF 16764.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00 1397.00

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PROF TAX 2400.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00

C) Perquisites

Perquisite Item Amount

Total 0.00

D) Gross Salary (A+C) 338707.00

E) Less exemption under Section 10 70867.00

Item Exemption

House Rent Allowance : Section 10(13A)

Total Rent Paid p.a 96000

HRA Recieved 55872.00

40% of Basic 55867.20

Rent Paid > 10% Basic 82033.20 55867.00

Leave Travel Assistance : Sec. 10(5) 0.00
Conveyance Assistance : Sec. 10(14) 0.00
Medical Reimbursement : Sec. 10 15000.00
Total Exemption 70867.00

F) Income from previous employer 0.00

Pay Item Amount

Total Income 0.00

Income Tax 0.00

Professional Tax 0.00

Provident Fund 0.00

G) Income after exemption (D - E + F) 267840.00

H) Less Deduction under Section 16

Sl No. Item Amount

(i) Tax on Employment : Sec 16(iii) 2400.00

Sub Total 2400.00

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I) Income chargeable under the head salaries (G - H) 265440.00

J) Add any other income declared by the employee 0.00

Description Value

Interest on Housing Loan 0.00

Sub Total 0.00

K) Gross Total Income (I + J) 265440.00

L) Deduction under chapter VI A 22888.00

Investment Section Gross Qualifying Deductible

Life Insurance Premium 80C 6124.00 6124.00 6124.00

PF 80C 16764.00 16764.00 16764.00

Sub Total 22888.00 22888.00 22888.00

M) Taxable Income 242552.00

N) Round off to nearest 10 rupee 242552.00

O) Total Tax to be Paid

i) Calculated Raw Tax 0.00

ii) Less: Rebate Under Section 87A 0.00

Total Raw Tax to be Paid 0.00

P) i)Surcharge on Tax 0.00

ii) Education Cess 0.00

Sub Total 0.00

Q) Nett Tax (O + P) 0.00

R) Tax Paid Till Oct 2017 0.00

Raw Tax Surcharge Edu. Cess Total

Deduction Through Payroll 0.00 0.00 0.00 0.00

Direct TDS 0.00 0.00 0.00 0.00

Previous Employment 0.00 0.00 0.00 0.00

Total 0.00 0.00 0.00 0.00

S) Annual Tax Balance 0.00

Raw TaxSurchargeEdu. CessTotal

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0.00 0.00 0.00 0.00

Income Tax Recovered in current month 0.00

i) Monthly tax

Raw TaxSurchargeEdu. CessTotal

0.00 0.00 0.00 0.00

Balance Payable (in 4 Installments) - Income Tax 0.00@Rate of Rs.0.00/- p.m. from Dec - 2017

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