| (i) | Basic Salary (assumed) | 2,500,000 |
| (ii) | EPF employers and employee’s contribution at 12% | 300,000 each |
| (iii) | NPS employer’s contribution at 10% | 250,000 |
| (iv) | ASF employer’s contribution at 15% | 375,000 |
| (v) | Total employer’s contributions | 925,000 |
| (vi) | Employer’s contribution over Rs 750,000 assumed to be towards EPF –(A) | 175,000 |
| (vii) | Interest presumed at 8% on average excess ie Rs 87,500 (ie Rs 175,000 /2) –(B) | 7000 |
| (viii) | Total ie (A)+(B) being taxable perquisite for the year | 182000 |
| (ix) | Excess employee’s own contribution to PF over Rs 250,000 | 50000 |
| (x) | Taxable interest presumed at 8% on average excess ie Rs 25000 (Rs 50,000/2) | 2000 |
