INCOME TAX CALCULATION FOR SALARIED EMPLOYEES & PENSIONERS FOR ASSESSMENT YEAR 2018-19

INCOME TAX STATEMENT FOR THE FINANCIAL YEAR 2017-18 (ALL AGE GROUP Upto 60, 60-80 & Above 80)

NAME OF EMPLOYEE : PEN /

Pensioncode

DESIGNATION & PAN :

NAME OF OFFICE : TAN of
Deductor :

0 0 0
PARTICULARS OF SALARY / PENSION DRAWN AGE IF > 60

EARNINGS DEDUCTIONS PENSIONER ? NO

MONTH SP/HTA/ INCOME TOTAL
PAY DA HRA CCA
Other PF SLI FBS GIS LIC NPS DEDUCTONS
TOTAL EARNINGS
TAX
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
3/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
4/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
5/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
6/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
7/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
8/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
9/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
10/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
11/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
12/2017 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
1/2018 0 0 1000 0 0 0 0 0 0 0 0 0 0 1000
2/2018 0 0 1000 0 0 0 0 0 0 0 0 0 1000
DA ArrtoPF 0 0 0 0 0 0 0
PRArrtoPF 0 0 0 0 0 0 0
Arrs inCash 0 0 0 0 0 0 0
PRArrCash 0 0 0 0 0 0 0
SEL 0 0
FA/Bonus/Ex 2750 2750
Total 2750 0 12000 0 0 0 0 0 0 0 0 0 0 14750
1- (a) Gross Salary Income (includes Pay, DA, HRA, CCA, IR,DA/PR Arrear,OT, SEL, FA/Bonus etc.) 14750 ത
(b) Employer's Contribution to NPS 0
(c) Total Salary Income (a+b) 14750
2- Deduct: HRA in the case of persons who actually incur expenditure by way of rent:
(I) Actual HRA received during the year
(II) Actual rent paid in excess of 1/10th of the salary.
(III) 40% of Pay +DA ( non metros)
(I) to (III) whichever is least is exempted. 0
3- Deduct: Allowance to the extent exempt u/s 10 0
4- Balance (1-2-3) 14750
5- Deduct:
(a) Entertainment Allowance 0
(b) Professional Tax 2500
6- Net salary income (4-5) 12250
7- Interest on HBA Deducted as loss in Income from House Property .(Max. Rs.30000 before1-4-99 or 2 Lakh Sec.24(b) 0
8- Any other income (Business, Capital gains,Bank Interest or Other Sources) 0
9- Any other TDS paid 0
10- Gross Total Income (6-7+8) 12250
11- (a) 80D-Health Insurance & Checkup - Mediclaim (Family Max. 30000sr.citi + Parents 30000sr.citi )-max.60000 -ref rule 0
(b) 80DD-Expense on treatment of mentally or physically handicapped dependants(max 75000-ref rule) 0
(c) 80DDB-Expenditure incurred on medical treatment of self / dependant for specified deceases.(max40000/60000sr.cit) 0
(d) 80E-Interest paid for educational loan taken for higher education of self/dependent children 0
(e) 80EE-New House purchase loan 2016-17 Interest bal 2017-18 (see conditions) 0
(f) 80CCG-Notified Equity Savingscheme-Rajiv Gandhi Equity Saving(see Limit) 0
(g) 80U-For Employee with disability (Rs75000 or If >80% disability 1.25L) 0

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 (h) 80G-Donations to notified Funds and charitable institutions Including CM’s disaster Relief Fund (see conditions) - Okhi 0
(I) 80TTA-Deduction for Income from bank SB Interest (Max. 10000) 0
(j) 80 CCD(1B) Employee's Contribution to NPS (Max. 50000 addl -see conditions) 0
(k) 80 CCD(2) Employer's Contribution to NPS (Max. 10% of PAY+DA-see conditions) 0
Deduct:Total of 11 0
12(1) Sec. 80C
(a) Life Insurance Premia of self, spouse and children (salary deduction) 0
(b) Contribution towards GPF/KASEPF 0
(c) Contribution towards SLI,GIS,FBS,PLIC,(salary deduction) 0
(d) Contribution made ULIP,UTI,LIC ( other than salary deduction) 0
(e) Tax saver in scheduled bank / Post Office for a period of not less than 5 years 0
(f) Purchase of NSC / tax saving units of Mutual Fund / UTI 0
(g) Contribution to any deposit scheme or pension fund setup by NHB 0
(h) Tution fees for the full time education of any two children. 0
(I) Principal part of HBA Repayment & stamp duty paid for purchase of property 0
(j) Subscription to equity shares , debentures of an eligible issue. 0
(k) Subcription to eligible units of mutual fund,Infrastructure bonds ICICI,IDBI etc., 0
(l) Any other deduction Ch VIA/80C 0
(m) 0
2- (n) 80CCC-Payment for annuity plan of the LIC or any other insurer. 0
3- (o) 80CCD(1)-Contribution of employee to PPF/NPS (see conditions) 0
Deduction (Maximum Rs. 150000) : Total of 10 0 0
13- Total Taxable income (10-11-12) rounded off to nearest multiple of ten rupees Sec.288A 12250
14- Tax on Total Income. 0
15- Add: Surcharge @ 10% if the total income 50 Lakh to 1 Cr & 15% if exceeds Rs. 1 Cr. 0
16- Income Tax and Surcharge payable.(14+15) 0
17- Less: Relief for income upto 3.5 Lakhs u/s 87A (Max.2500) 0
18- Total Tax Payable (16-17) 0
19- Educational Cess [@2%+1% of (18)] 0
20- Less: Relief for arrears of salary u/s 89(1) [Use form 10E] 0
21- Income Tax Payable (18+19-20) ആതക അടകകണ ഇനകത ടതകതസത സതഖതയ 0
22- Income Tax already Paid including other TDS ഇതല വതര മറല ടഴ.ഡഴ.എസത ഉളതപതട അടചലകഴഴഞ ഇനകത ടതകതസത സതഖതയ 0
23- Balance Income Tax to be Paid ( rounded off to the nearest rupee Sec 288B) ഇനഴയലത ബതകഴ അടകതനലള ഇനകത ടതകതസത സതഖതയ 0

Place: Signature
Date:
Name and Designation.
DECLARATION
(Cases in which the amount of HRA drawn is excluded from the Gross Salary)

I,……………………………… do hereby declare that I am actually incurring expenditure towards payment of rent of my residential accommodation to House No.
………………..................................Place............................................
……………………………………………..................................................................................is Rs: 0
Place: Signature
Date: Name, Designation and Office.

Verified and found correct

Counter signature of DDO: Signature

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