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COMPUTATION OF TOTAL TAXABLE INCOME FOR THE YEAR 2014-2015 (Assessment Year : 2015-16) Name of Employee : Shri Kalyan Kanti Paul. Name of Office : 758 , Baleswar Pathsala . C/O B.E.E.O. Katigorah . PAN NO. AXRPP2243C 1. GROSS SALARY INCOME (including all allowances /Details given on overleaf) : Rs. 4,36,707.00 2. LESS DEDUCTION U/S 10 : (A) House Rent Allowance (if the assessee is residing in a rented accommodation ) i ) 40% of salary ( BP 62,160.00... + GP .13,940.00.. + DA 75384.00.... ) Rs. 151484.00 ii) H.R.A. received : Rs. 18,700.00 iii) H.R.A. paid : Rs. 60,000.00 iv) Less 10% of salary (B.P. 15,540.00... +G.P.3,160.00 . + D.A. 18,846.00. Rs. 37,546.00 v) Difference : (iii) –- (iv) Rs. 22,454.00 Least of the above : Either (i) or (ii) or (v) : Rs. 18,700.00 .B) Compensatory Allowances etc. Rs. Nil Total of (A + B) : Rs. 18,700.00 3) BALANCE ( SL. NO. 1 – 2) : Rs. 4,18,007.00 4) LESS DEDUCTION U/S 16. Professional Tax : Rs. 2,496.00 5. BALANCE (Sl. No. 3 –4) : Rs. 4,15,511.00 6) ADD. INCOME FROM OTHER SOURCES ( reported by the employee) i) Interest earned from Bank : Rs. Nil ii) Interest earned from NSC : Rs. Nil. iii) Interest earned from Divident : Rs. Nil Total of (i) + (ii) + (iii) : Rs. Nil 7. TOTAL OF (Sl. No. 5+6 ) Rs. 4,15,511.00 8. LESS DEDUCTION H.B. Interest : Rs. Nil 9.LESS DEDUCTION U/S 80 DD : Medical treatment of dependent handicapped : Rs. Nil 10. TOTAL OF ( SL. No. 8 +9 ) Rs. Nil

Computation of Income Tax

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COMPUTATION OF TOTAL TAXABLE INCOME FOR THE YEAR 2014-2015 (Assessment Year : 2015-16)Name of Employee : Shri Kalyan Kanti Paul. Name of Office : 758 , Baleswar Pathsala . C/O B.E.E.O. Katigorah . PAN NO. AXRPP2243C 1. GROSS SALARY INCOME (including all allowances /Details given on overleaf) : Rs. 4,36,707.002. LESS DEDUCTION U/S 10 : (A) House Rent Allowance (if the assessee is residing in a rented accommodation )i ) 40% of salary ( BP 62,160.00... + GP .13,940.00.. + DA 75384.00.... ) Rs. 151484.00ii) H.R.A. received : Rs. 18,700.00iii) H.R.A. paid : Rs. 60,000.00iv) Less 10% of salary (B.P. 15,540.00... +G.P.3,160.00 . + D.A. 18,846.00. Rs. 37,546.00 v) Difference : (iii) - (iv) Rs. 22,454.00Least of the above : Either (i) or (ii) or (v) : Rs. 18,700.00.B) Compensatory Allowances etc. Rs. Nil Total of (A + B) : Rs. 18,700.003) BALANCE ( SL. NO. 1 2) : Rs. 4,18,007.004) LESS DEDUCTION U/S 16. Professional Tax : Rs. 2,496.00 5. BALANCE (Sl. No. 3 4) : Rs. 4,15,511.006) ADD. INCOME FROM OTHER SOURCES ( reported by the employee) i) Interest earned from Bank : Rs. Nil ii) Interest earned from NSC : Rs. Nil. iii) Interest earned from Divident : Rs. NilTotal of (i) + (ii) + (iii) : Rs. Nil7. TOTAL OF (Sl. No. 5+6 ) Rs. 4,15,511.00 8. LESS DEDUCTION H.B. Interest : Rs. Nil 9.LESS DEDUCTION U/S 80 DD : Medical treatment of dependent handicapped : Rs. Nil 10. TOTAL OF ( SL. No. 8 +9 ) Rs. Nil 11. BALANCE ( NET TAXABLE INCOME ) (Col. 7 10 ) Rs. 4,15,511.00 12. (A) LESS DEDUCTION U/S 80 C . i) G.P.F /C.P.F. /P.P.E. Rs. 60,,000.00ii) G.I.S. Rs. 2,400.00 iii) Life ins. Prem. (Max. Limit 10% of S.A.) :- Rs. 38,715.00iv) Postal Life Ins. Prem. :- Rs. Nil v) N.S.C /interest reinvested N.S.C. (Reli. life insurance & others ) Rs. Nil. vi) Recovery of H.B.A. :- Rs. Nil vii) Tuition fees (including hostel fee) Rs. 55,856.00 Total of (i) + (ii) +(iii) +(iv) +(v) +(vi) +(vii) = Rs. 1,56,971.00 (B) LESS DEDUCTION U/S 80 CCB :- Rs. Nil (C) LESS DEDUCTION U/S 80 CCC :- Rs. Nil Total of (A) +(B) +(C) Max. Limit Rs. 1,50,000/- Rs. 1,50,000.00(13) I.D.F.C Bonds :- Rs. Nil (14) Exemption U/S 80 TTA :- ( Interest on saving Account up to Rs. 10,000.00 ) Rs. Nil(15) LESS DEDUCTION U/S 80 D Medi claim :- Rs. Nil (16) TOTAL OF (Sl. No. 13 +14 ) :- Rs. Nil(17) BALANCE (NET TAXABLE INCOME ) (Col.11-12 & 15) Rs. 2,58,540.00(18) TAX LIABILITY (0n Total Income at col. 16) : (i) Income up to Rs. 2,00,000/- @ 00% = Rs.2,50,000.00 = Rs. 0,00,000.00 (ii) Rs. 2,50,001/- to Rs. 5,00,000/- @ 10% = Rs. 8,540.00 = Rs. 854..00 (iii) Rs. 5,00,001/- to Rs. 10,00,000/ @ 20% = Rs. 0,00,000.00 = Rs. 0,00,000.00 19. Rebate u/s 87A (Max. Rs. 2,000/- ) (854.00 + 26.00= 880.00 ) Rs. Nil.20.Add. Education cess @ Rs. 3% of Total Tax at col. 18 : Rs. Nil.21. Net Tax Payable (17+ 18) Rs. Nil.22. Tax already deducted at source : Rs. 23. Balance Tax to be paid now (21 22) Rs. Nil

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