40% IR Calculation as per LIC Method

 Dear All LIC Pensioners,

I have calculated the amount as per my formula as under in respect of the sample given.

There is not a single paisa difference between my calculation and the LIC working sheet.

		DR/slab
		2400	0.35%	8.4
		1042	0.29%	3.0218
			0.17%
		3442	0.09%	11.4218	148	1690.426	5132.426
						Revised BP	5133	11.8059	Rev DR/slab
	Months	BP	total BP	DR Slabs	DR/slab	Total DR	Gross
EXISTING	224	3442	771008	119912	11.4218	1369610.88	2140619	A
REVISED	224	5133	1149792	86760	11.8059	1024279.88	2174072	B
						Difference	33453
						40% IR	13381.2

 

with regards,

rksahni