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(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)
(d) Total
2. Less: Allowance to the extent exempt under section 10
(a) House Rent Allowance 0
(b) Conveyance Allowance 9600
(c) Med Reim 0
(d) Books & Periodicals 0
(e) Leave Travell Allow 17160
(f) Attire Allowance 0
3. Balance(1-2)
4. Deductions:
(a) Entertainment Allowance 0
(b) Tax on employment 2400
5. Aggregate of 4(a) and 4(b)
6. Income chargeable under the head 'salaries' (3-5)
7. Add: Any other income reported by the employee
(b) Tax paid by the employer on behalf of the employee u/s 192(1A) on perquisites u/s 17(2)
19. Tax payable/refundable (17-18)
20. Tax per month
Estimated Total
154800 206400
61920 82560
7200 9600
11250 15000
4500 6000
12870 17160
9000 12000
48060 64080
0
412800
0
0
412800
26760
386040
2400
383640
0
383640
Qualifying Deductible
amount amount
Qualifying Deductible
amount amount
24768 24768
0 0
0 0
49190 49190
73958
Qualifying Deductible
amount amount
Qualifying Deductible
amount amount
73958
309682
14968
0
449
15417
0
15417
0
0 0
15417
1713
House Rent Allowance (HRA) Exemption
Inputs
Your basic salary 17,200.00 per month
HRA received from your Employer 6,880.00 per month (usually capped to 50% (metr
Actual house rent paid by you 6,400.00 per month
Do you live in a metro? No (Type Yes if you live in a metro, else
Calculations
Figure #1. HRA received from your 82,560.00
Employer
(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)
(d) Total
2. Less: Allowance to the extent exempt under section 10
(a) House Rent Allowance 0
(b) Conveyance Allowance 9600
(c) Med Reim 0
(d) Books & Periodicals 0
(e) Leave Travell Allow 17160
(f) Attire Allowance 0
3. Balance(1-2)
4. Deductions:
(a) Entertainment Allowance 0
(b) Tax on employment 2400
5. Aggregate of 4(a) and 4(b)
6. Income chargeable under the head 'salaries' (3-5)
7. Add: Any other income reported by the employee
(b) Tax paid by the employer on behalf of the employee u/s 192(1A) on perquisites u/s 17(2)
19. Tax payable/refundable (17-18)
20. Tax per month
Estimated Total
154800 206400
61920 82560
7200 9600
11250 15000
4500 6000
12870 17160
9000 12000
48060 64080
0
412800
0
0
412800
26760
386040
2400
383640
0
383640
Qualifying Deductible
amount amount
Qualifying Deductible
amount amount
24768 24768
0 0
0 0
49190 55196
79964
Qualifying Deductible
amount amount
56160
Qualifying Deductible
amount amount
136124
247516
11963 0.05 0.048333
0
359
12322
0
12322
0
0 0
12322
1369