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Tax Computation for Mr. Jigesh Vachhrajani

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0% found this document useful (0 votes)
11 views1 page

Tax Computation for Mr. Jigesh Vachhrajani

Uploaded by

Pata Nahi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd

Name : Mr.

Jigesh Vachhrajani
Employee Code :
Father's Name :
Address : 8014, , Prestige Shantiniketan, Whitefeild, , KARNATAKA, 560048
D.O.B : 06/11/1978
Period of employment during year : 01/04/2024 to 31/03/2025
PAN : ACLPV4047K
Financial Year : 2024-2025
Assessment Year : 2025-2026
Employer Name : BAYWA AG

Computation of Taxable Income

Salary - 10097042
Basic Salary - 5997042
Bonus - 4100000 - 10097042
Allowances - 1502955
House Rent Allowance - 1264716
Any Other Allowance
Leave Travel Allowances - 210789
Education Allowance - 1800
Conveyance Allowance - 14400
Medical Allowance - 11250 - 1502955
Perks - 282981
Any Other Perquisite
Health/Term Insurance - 282981 - 282981
Gross Salary - 11882978
Less : Deductions
Standard Deduction - 75000 - 75000
Others
Any Other Income
Retrenchment Payment - 2050000
Gross Total Income - 13857978
Taxable Income - 13857978
Income Tax - 3847393
Net Income Tax - 3847393
Surcharge - 577109
Education Cess - 176980
Tax Including Surcharge AND Education Cess - 4601482
Tax Due - 4601482
Less Tax Deposited - 991185
Tax Deducted at Source - 828750
Surcharge - 124313
Education Cess - 38122
Tax Payable / Refundable - 3610297

Note: The above computation has been prepared not considering exemptions and deductions as it is more beneficial.

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