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New Tax Regime

INCOME TAX STATEMENT FOR FINANCIAL YEAR 2023-24 (ASSESSMENT YEAR 2024-25)
Name of the Employee : Saiful Islam Designation : Head master
PAN No. : ACNP9025Q Office :

DETAILS OF SALARY PAID, ANY OTHER INCOME & TAX LIABILITY


Sl. AMOUNT
PARTICULARS
No. (in Rs.)
1
a) Gross Salary including arrear overtime Compensatory Allowance Perquisites etc. 1471724.00
b) Arrear Salary of previous years(s) received during the year
2 Total (a+b) 1471724.00
Deduct alowances to the extent exempt U/S – 10 (13A) [HRA admissible (i), (ii) & (iii) whichever is
least]
3 i) H.R.A. received during the year Rs. Rs. 0.00
ii) H.R. paid in excess of 10% of salary (BP+DA) Rs.
iii) 40% of salary (BP+DA) Rs.
a) Deduction U/S - 16 (ia) Standard Deduction (@50000/-) Rs. 50000.00
4 b) Deduction U/S – 16 (III) Professional Tax Rs.
c) Deduction U/S–24 (I) interest on Capital borrowed for purpose/construction of house property Rs.
5 Sub – Total of [3 &4] Rs. 50000.00 50000.00
6 BALANCE (2 – 5)……………………. 1421724.00
ADD ANY OTHER INCOME WITH DETAILS
7 a) Interest on securities/NSC…………………………….. Rs.
b) Interest deposit/Investment etc……………………….. Rs.
8 Sub – Total of [7 (a & b)] Rs. 0.00 0.00
9 TOTAL (6 + 8)…………………………………….. 1421724.00
DEDUCATION UNDER CHAPTER VI-A
a) U/S – 80D : Medical Insurance Premium, MMLSAY subscription Rs.
b) U/S – 80DD : Medical Treatment of handicapped Dependent Rs.
c) U/S – 80DDA : Rs.
10
d) U/S – 80DDB : Selected Medical Treatment for self/ dependent Rs.
e) U/S - 80E : Interest Paid on Educational Loan Rs.
f) U/S - 80G(1) : Donation to approved fund for Assam Arogya Nidhi Trust Rs.
g) U/S - 80U : For Physically Disable Assesses Rs.
11 Sub – Total of [10 (a to g)] Rs. 0.00 0.00
12 BALANCE (9 – 11) 1421724.00
DEDUCTION UNDER SECTION CHAPTER 80C
a) Contribution to Provident Fund : GPF Rs.
b) Employee’s contribution towards NPS (u/s 80CCD) Rs.
c) Life Insurance Premium paid (Self/Spouse/Children) Rs.
d) NSC purchase during the year Rs.
e) Accrued interest in NSC Purchased in previous year………………… Rs.
13
f) Contribution of Post Office 10 years/15 years, CTD……………………….. Rs.
g) Re-payment to capital sum borrowed for purchase/construction of house……… Rs.
h) Contribution of PPF…………………. Rs.
i) Tuition fees (for two children) Rs.
j) Contribution to eligible Pension Fund/ELLS set up by any Mutual Fund Rs.
k) G. I. S. Rs.
14 Sub – Total of [13 (a to k)] Rs. 0.00 0.00
15 BALANCE : (12 – 14) 1421724.00
16 Additional contribution towards NPS [u/s 80CCD(1B)] (maximum limit upto 50000/-) Rs. 0.00
17 BALANCE : (15 – 16) : NET TAXABLE INCOME 1421724.00
INCOME TAX CALCULATION
a) Up to Rs. 3,00,000/- Nil Nil
b) Exceed Rs. 3,00,001/- to 6,00,000/- Rs. 300000.00 5% Rs. 15000.00
18 c) Exceed Rs. 6,00,001/- to 9,00,000/- Rs. 300000.00 10% Rs. 30000.00
d) Exceed Rs. 9,00,001/- to 12,00,000/- Rs. 300000.00 15% Rs. 45000.00
e) Exceed Rs. 12,00,001/- to 15,00,000/- Rs. 271724.00 20% Rs. 54345.00
f) Exceed Rs. 15,00,001/- to above Rs. 30% Rs. 0.00
19 TAX ON TOTAL INCOME [18 (a to f)] Rs. 144345.00
20 Tax rebate (up to Rs. 25000/- for net taxable income upto Rs. 7.00 Lakhs U/S 87-A) Rs.
21 Relief U/S – 89 – (attach details)…………. Rs.
22 TAX ON TOTAL INCOME AFTER REBATE [19- (20, 21)] Rs. 144345.00
23 Health & Education Cess @ 4% on (20) Rs. 5774.00
24 TOTAL INCOME TAX PAYABLE (22 + 23) Rs. 150119.00
25 Less : Tax already deducted at source Rs. 110000.00
26 BALANCE TAX PAYABLE (24 – 26) Rs. 40119.00

Signature of the Employee DDO's Signature & Seal

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