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  • Income Tax Computation Format

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    rathan
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    1) This document is a statement of income for Reena Shibi for the assessment year 2022-2023. 2) It shows her total income as Rs. 4,68,850 from presumptive profits of her business under section 44AD of the Income Tax Act. 3) After deducting Rs. 3,250 under section 80D for medical insurance premiums, her total income is Rs. 4,65,600 with a tax amount of Rs. 10,780, which is fully rebated under section 87A, resulting in a balance tax payable of Rs. 0.

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    sample format for the tax computation

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    Income tax Computation format

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    1) This document is a statement of income for Reena Shibi for the assessment year 2022-2023. 2) It shows her total income as Rs. 4,68,850 from presumptive profits of her business under section 44AD of the Income Tax Act. 3) After deducting Rs. 3,250 under section 80D for medical insurance premiums, her total income is Rs. 4,65,600 with a tax amount of Rs. 10,780, which is fully rebated under section 87A, resulting in a balance tax payable of Rs. 0.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10K views2 pages

    Income Tax Computation Format

    Uploaded by

    rathan
    1) This document is a statement of income for Reena Shibi for the assessment year 2022-2023. 2) It shows her total income as Rs. 4,68,850 from presumptive profits of her business under section 44AD of the Income Tax Act. 3) After deducting Rs. 3,250 under section 80D for medical insurance premiums, her total income is Rs. 4,65,600 with a tax amount of Rs. 10,780, which is fully rebated under section 87A, resulting in a balance tax payable of Rs. 0.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    A.Y.

    2022-2023

    Name : Reena Shibi P. Y. : 2021-2022


    Father's Name : Hilary Cutinha P.A.N. : AIVPC 3895 Q
    Address : #4-2/4 D.O.B. : 30-Jan-1985
    NSandrina,
    Status : Individual
    Prashanth Bhag
    Kembar Alape, Mangalore - 575 007
    Aadhaar: 6216 5640 3675
    Resident
    Statement of Income
    Sch.No Rs. Rs. Rs.

     Profits and gains of Business or Profession


    Business: Presumptive profits u/s 44AD 1 4,68,850
    Income chargeable under the head "Business and 4,68,850
    Profession"
     Gross Total Income 4,68,850
    Deductions under Chapter VI-A
    80D: Medical Insurance Premia 2 3,250
     Total Income 4,65,600
    Tax on total income 10,780
    Rebate u/s 87A 10,780
    Tax after rebate 0
     Balance tax payable 0

    Schedule 1
    Presumptive Profits-u/s 44AD Turnover / % Profits
    Receipts
    Receipts from Office 18,75,400 25 4,68,850

    Schedule 2
    80D-Medical Insurance Premium/Contribution,
    Medical expenses, etc.
    In respect of Parents Insurance Medical Health check-up
    Premium expenses
    In respect of Self / Family
    Senior Citizen (Resident) 3,250
    Total 3,250

    Total Deductible amount 3,250

    ... 2
    2
    Reena Shibi Asst year: 2022-2023

    Bank A/c: The Federal Bank Limited 17700100009840 IFSC: FDRL0001770

    Date : 24-Jul-2022
    Place : Mangalore (REENA SHIBI)

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