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Form16 (2022-2023)
Form16 (2022-2023)
Details of Salary paid and any other income and tax deducted.
A. Whether opting for taxation u/s NO
115BAC?
1. Gross salary
(a) Salary as per provisions contained 1025953
in sec. 17(1)
(b) Value of perquisites u/s 17(2) (as 0
per Form No.12BA, wherever applicable)
(c) Profits in lieu of salary u/s
17(3) (as per Form No.12BA,wherever 0
applicable)
(d) Total 1025953
2. Less Allowances to the extent
exempt under section 10
(a)Travel concession or assistance 0
under section 10(5)
(b)Death-cum-retirement gratuity under 0
section 10(10)
(c)Commuted value of pension under 0
section 10(10A)
(d)Cash equivalent of leave salary 0
encashment under section 10(10AA)
(e)House rent allowance under section 0
10(13A)
(f)Amount of any other exemption under
section 10
(1)Children Education & Hostel 2400
Expenditure Allowances
(2)Travelling Allowance 0
(3)Conveyance Allowance 0
(4)Research Allowance 0
(5)Uniform Allowance 5000
(6)Any other cash allowance under 0
section 10(14)
(g)Total amount of any other 7400
exemption under section 10
(h)Total amount of exemption claimed 7400
under section 10{2a+2b+2c+2d+2e+2g]
3. Balance (1-2) 1018553
4.Less: Deductions under section 16 :
(a) Standard deduction under section 50000
16(ia)
(b) Entertainment allowance under 0
section 16(ii)
(c) Tax on Employment under section 2500
16(iii)
5. Total amount of deductions under 52500
section 16[4a+4b+4c]
6. Income chargeable under the head. 966053
Salaries (3 - 5)
7. Add : Any other income reported by
the employee
Total 0
8. Gross total income (6 + 7) 966053