COMPUTATION OF TOTALINCOME AND TAX STATUS : INDIVIDUALCOMPUTATION OF TOTALINCOMESALARYAND ALLOWANCES Base Salary 150,000 Taxable House Rent Allowance 27,000 GROSS SALARY 177,000 LessStandard Deduction us 1!0NET TAXABLE SALARY 177,000 INCOME UNDER THE HEAD HOUSE PROPERTY 0INCOME FROM OTHER SOURCES (Ban !n"#$#%"& ' GROSS TOTALINCOME 177,000 Deductions under "#a$ter %&'A ' us (0""" ' us (0D ' ' us (0) ' us (0LNET TOTALINCOME177,000 Less P$# "a( )#)*+"!,n ,n #-!.!/-# %a0!n.% (P$,1,%#) %#+"!,n 20C& 100,000 TOTALINCOME77,000 TOTALINCOME ROUNDED OFF U3S 422 A 77,000 COMPUTATION OF TAXINCOME TAX ON TOTALINCOME '4,500L*SS R*BAT* us ((0L*SS R*BAT* us ((B 0L*SS R*BAT* us ((" 0TOTALINCOME TAX PAYABLE (A& ' 4,500 ADDS+R"HAR)* ,- 10. o/ A0 ,B0 ' TOTALTAX AND SURCHARGE PAYABLE (C 6 A7B& ' 4,500 ADD EDUCATION CESS (8 49,: C& ';< TOTALTAX, SURCHARGE = CESS ' 4,5;< E::#+"!0# "a( $a"# (P#$+#n"a.#& ' 1>50 A?,*n" Ta(a/-# (R%& P,%" B*).#"A%%*?1"!,n% Salary includes Base Salary and House Rent AllowanceHRAis exe1$t /ro1 tax under Section 10,12A0 o/ t#e &nco1e tax Act, 13!1 ,4t#e Act40 as $er t#e calculation donebelow5Acco11odation #as been assu1ed to be situated in Del#i, 6u1bai, "alcutta or "#ennaiCa-+*-a"!,n ,: HRA#(#?1"!,n *n)#$ S#+"!,n 10(15A& ,: "@# A+" (A?,*n" !n R%>& G$,%% %a-a$A -#0#-1,B00,000 Salary /or t#e $ur$ose o/ HRA 150,000 A+"*a- HRA$#+#!0#) (A& 50,00010 . o/ salary 15,000B0 9,: %a-a$A (B& 7B,000Rent 7aid 1(,000R#n" Pa!) ,0#$ 109,: %a-a$A (C& 5,000HRA#(#?1" (L#a%" ,: A, B = C& 5,000Ta(a/-# HRA 47,000Tax #as been calculated on t#e basis o/ t#e /ollowin8 tax rates9 In+,?# -#0#-Ta( $a"# Less t#an Rs5100,000 :il 100,001 to 150,000 10.150,001to 2,50,000 20.abo;e 250,000 20.Asurc#ar8e o/ 10. is a$$licable in case t#e total inco1e exceeds Rs510,00,000 An education cess o/ 2. is a$$licable on total tax and surc#ar8e5