Income From Salaries: Employer1

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A.Y.

2013-2014
Name : Rakesh Gupta Father's Name : Sh. Pran Nath Address: H.No 13 Near Power House Shakti Nagar, Amritsar - 143 006 E-mail rgupta75@rocketmail.com Previous Year : 2012-2013 PAN : ACYPK 5678 H Ward/Circle : Status : Individual Date of Birth : 12-Apr-1963

Statement of Total Income


Rs.
n

Rs.

Rs.

Income from Salaries


Employer1 Salaries, allowances and perquisites (Schedule 1) Total salary Income chargeable under the head "Salaries" 590,800 590,800 590,800

Income from House Property


Self occupied property (Schedule 2) Gross annual value u/s 23(2)(a) Less:Interest on borrowed capital u/s 24(b) (Schedule 3) Income from self occupied property Let out properties Property1 Rent recd. Municipal value Fair rent Standard rent Reasonable rent Gross annual value Less: Municipal taxes Net annual value Less: Standard deduction u/s 24(a) . Interest on borrowed capital u/s 24(b) Net Income from Property1 Income chargeable under the head "HouseProperty" NIL 12,000 -12,000

45,000 22,000 20,000 23,000 22,000 45,000 500 44,500 13,350 10,000 23,350 21,150 9,150

Income from other sources


Bank Interest Interest on NSC Income chargeable under the head "other sources" 15,000 13,000 28,000 627,950 10,000 14,000 6,000

Gross Total Income


Deductions under chapter VI-A 80TTA: Interest on saving Bank a/c Investment u/s 80C, CCC, CCD Housing loan repayment Life insurance premium

Total investment-subject to ceiling u/s 80CCE


n n

20,000

Total Income Tax on total income


Add: Education cess Tax with cess Net Tax Interest u/s 234B Interest u/s 234C

30,000 597,950 49,590 1,488 51,078 51,078

1,530 1,887

Balance tax payable

3,417 54,500

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