Citco Group Services (India) LLP_HYDERABAD TAX FORECASTING FOR SEPTEMBER 2024

DOB:27/02/1992
EMPLOYEE:(53952) BASANI SUJITH KUMAR BRANCH:HYDERABAD GENDER:M PAN:CRRPK7596P DOJ:09/09/2024
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
———————————————————————————Actual———————————————————————————|—————————————————————————Projected——————————————————————————
PARTICULARS APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH TOTAL
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
BASIC PAY 0 0 0 0 0 29333 40000 40000 40000 40000 40000 40000 269333
H.R.A. 0 0 0 0 0 14667 20000 20000 20000 20000 20000 20000 134667
SUPPLEMENTARY A 0 0 0 0 0 25813 35200 35200 35200 35200 35200 35200 237013
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
TOTAL EARNING 0 0 0 0 0 69813 95200 95200 95200 95200 95200 95200 641013
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
PROFESSIONAL TA 0 0 0 0 0 200 200 200 200 200 200 200 1400
PROVIDENT FUND 0 0 0 0 0 3520 4800 4800 4800 4800 4800 4800 32320
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
TOTAL DEDUCTION 0 0 0 0 0 3720 5000 5000 5000 5000 5000 5000 33720
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
NET 0 0 0 0 0 66093 90200 90200 90200 90200 90200 90200 607293
—————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
TAX CALCULATIONS NEW REGIME OLD REGIME|INVESTMENTS U/S 80C..........................|TAX CALCULATION ON TAXABLE INCOME.....RS.566013
————————————————— —————————— ——————————PF—DED 32320 | 0— 300000: 300000 x 0% = 0.00
TOTAL EARNING 641013 641013| | 300000— 566013: 266013 x 5% = 13300.65
ADD : PERKS & OTHERS 0 0| |TOTAL (Rounded) = 13301.00
TOTAL GROSS 641013 641013| |LESS SECTION 87A = 13301.00
| |TOTAL TAX = 0.00
LESS: EXEMPTION U/S10/OTHERS 0 0| |
LESS: PROFESSION TAX 0 1400| |
LESS: STANDARD DEDUCTION 75000 50000| |
NET SALARY 566013 589613| |
| |
LESS: HOUSING LOAN INTEREST 0 0| |
LESS: INVEST. U/S 80C 0 32320| |
LESS: INVESTMENTS U/S 80(OTH) 0 0| |
| |
TAXABLE INCOME 566013 557293| |
| |
TOTAL TAX 0 24918| |
———————————————————————————————————————————————————| |
TAX APPLIED AS PER NEW REGIME 0 | |
———————————————————————————————————————————————————| |
LESS: TAX DEDUCTED AT SOURCE 0 | |
| |
BALANCE TAX PAYABLE 0 | |
BALANCE NUMBER OF MONTHS 0 | |
MONTHLY TAX 0 | |
Under the New Tax Regime, concessional Tax Slabs are applied but benefit of specified exemptions U/s 10 and deductions under
Section 16 / Chapter VIA are withdrawn.