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12 lakhs per anum Structure

Annual Monthly
Basic 600000 50000
HRA 300000 25000
Conveyance 9600 800
Medical 15000 1250
LTA 25000 2083.333333
Variable Pay 120000 10000

89133.33333

staff meals 1600


Phone bill 2000
uniform 2000
Books & periodicals 1065
Gift coupons 1700
Petrol Reimbursement 2500

10865

CTC 1200000 99998.33333


Monthly taxable income
Annual Taxable income
Annual Tax liability 2014-15
Montly tds deductable
PF@12.5/6500
PT
Employer PF

Total tax with deduction/ month

97034
8086.166667
91912.16667
Net 90932.16667
Tax liability
Taxable 50000
Tax free with Hr calculation
Tax free
Tax free with bills
tax free
Taxable 10000
0

Tax free with bills


Tax free with bills
Tax free with bills
Tax free with bills
Tax free with bills
Tax free with bills

60000
720000
76220
6351.6666666667
780
200
780

8111.6666666667

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