Calculations!!!

P Loan Outstanding principal — 267071

Plus processing fees — 12000

E Loan Outstanding andhra – 218895
—————————————————-

Total — 497966

Expenses:

10000 — purush

15000 — Uttam

12021 — Past expenses
——————————————

Total — 37021

Min to Pay — 22021

March Salary — 60000 approx

Minus

EMI Loan — 17000

Home Transfer — 20000

Expenses — 13000

SIP — 3000
Insurance EMI — 4700
———————————–

Total — 57700

Plus

Min to pay from last 2 months — 22021

Total — 79721

Extra needed 19700

Loan to take 520000

From May
============

Monthly Sal take home — 74000
————————————–

Expenses
—————–

1. Rent + chillar — 13000

2. SIP — 6000

3. Insurance Premium — 1200

4. Home transfer — 20000

5. Loan EMI — 17000

6. NPS — 4000
—————————-

Total — 61200
—————————-

Net Remaining¬† — 12800
Max Net Remaining — 20000

Suchi gold — 5000

Total Hard Deductions — 20000+17000+3000 == 40000
Direct Deductions
—————————-

HRA Claimed 12k per month — Total exemption — 104257

Conveyance 19200

————————————–
Total — 123457
80C
———

Insurance — 18844

ELSS — 72000
PF per annum — 47692

—————————————–

Total — 138536

80CCD
————
NPS — 48000
———————

Total Excempted — 309993

Gross Total Income — 883191 + 100000( shift allowance) = 983191

Net Taxable Income — 673198

Tax Calculation
————————-

0-250000 — 0

Net — 454890

250000-50000 X 10% — 25000

Net — 173198

500000-673198 X 20% — 34640
——————————————–

Total Tax — 59640

Per Month — 4970

Net Monthly Salary — 81932

Total Deduction — 4200(Professional Tax + PF) + 4970 (Income Tax) == 9170/mnth
—————————————-

Take Home — (81932-9170)=72762 + 1500 internet bill
————————————

Total Take home — 74000

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