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Declaration Form (22-23)

This document is a proposed tax deduction form for employees of the East Point Group of Institutions for the 2022-23 financial year. It requests information such as name, department, income sources, deductions eligible under sections 80C, 80CCD, 80D, 80DD, 80G, and 80U of the Income Tax Act. Employees must select between the old tax regime with exemptions and deductions, or the new regime without them. Supporting documents like PAN copy and rental agreements are required to be eligible for deductions.

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vasavi k
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457 views4 pages

Declaration Form (22-23)

This document is a proposed tax deduction form for employees of the East Point Group of Institutions for the 2022-23 financial year. It requests information such as name, department, income sources, deductions eligible under sections 80C, 80CCD, 80D, 80DD, 80G, and 80U of the Income Tax Act. Employees must select between the old tax regime with exemptions and deductions, or the new regime without them. Supporting documents like PAN copy and rental agreements are required to be eligible for deductions.

Uploaded by

vasavi k
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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EAST POINT GROUP OF INSTITUTIONS 2022-23

EPCMS & RC , EPH , EPCET , eppU , EPCHE , EPCP, NRCN , EPCN , EPCPT
"Jnana Prabha " Campus , Virgonagar post ,Bangalore 560049 (East Bangalore )

Proposed Tax Deduction for the Financial Year 2022-23


{ NOTE : Please fill the form clearly other wise form will not be considered }-

EMP ID :
Name : Department :

Designation : PAN NO :

Mobile No : Mail Id :

DOB : Address:

(Old Regime - Can claim exemptions & deductions)


(New Regime - devoid of exemptions & deductions)
Statement of Total Salary Income and Deductions Amount ( Rs)

INCOME FROM SALARY ( Gross Salary from April 1st 2022 to March 31st 2023 )

INCOME FROM HOUSE PROPERTY


Gross Rental Income
Less : 30 % Deduction on Gross Rental Income
Less : Housing Loan Interest
Less : Municipal Tax

INCOME FROM BUSINESS AND PROFESSION

INCOME FROM CAPITAL GAINS

INCOME FROM OTHER SOURCES

HOUSE RENT ALLOWANCE ( HRA)


Least of the Following
1. Actual HRA Received
2. 40% of Basic Salary
3. Rent Paid - 10 % Basic Salary
Standard Deductions ( Rs 50000)
Professional Tax ( 200 *12)

Less : Deduction under Sec 80C ( Max Rs.1,50,000/- )

A. EPF & VPF Contribution

B. Public Provident Fund (PPF)

C. Senior Citizen’s Saving Scheme (SCSS)

D. N.S.C (Investment + accrued Interest before Maturity Year)

E. Tax Saving Fixed Deposit (5 Years and above)

F. Tax Savings Bonds

G. E.L.S.S (Tax Saving Mutual Fund)

H. Life Insurance Premiums (LIC )

I. New Pension Scheme (NPS) (u/s 80CCC)

J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC)

K. 80 CCD Central Govt. Employees Pension Plan (u/s 80CCD)

L. Housing. Loan (Principal Repayment)

M. Sukanya Samriddhi Account ( SSA)

N. Stamp Duty & Registration Charges

O. Tuition fees for 2 children


Less: Additional Deduction under Sec 80CCD NPS (Max Rs 50,000/-)

PLEASE ATTACH YOUR PAN XEROX COPY


Less: Deduction under chapter VI A
A. 80 D Medical Insurance premiums (for Self ) Maximum of Rs 25000 for individual
B. 80 D Medical Insurance premiums (for Parents senior citizen) upto RS 50000
C. 80 D Self (senior citizen) & + Parents (senior citizens) Rs 50,000 + Rs 50,000 = Rs 1,00,000
D. 80 E Interest Paid on Education Loan
E. 80 DD Medical Treatment of handicapped Dependent , ( strictly 10-I form is required )
F. 80DDB Expenditure on Selected Medical Treatment for self/ dependent Rs 40000 or Amount actually
paid Which evere is less
G. 80G , 80GGA , 80GGC Donation to approved funds ( Certain Donations for Scientific Research )
H. 80U For Physically Disable Assesse ( if disability is more than 80% then 125000 otherwise
75000)
Less: Deduction under Sec 80CCD(2) NPS (Employer Contribution)
Less: Deduction under Sec 80EEA (Interest on Home Loan for Affordable Home)
Less: Deduction under Sec 80EEB (Interest on Auto Loan for Electronic Vehicle)
Less: Deduction under Sec 80TTA & 80TTB (Interest on Auto Loan for Electronic Vehicle)
TOTAL TAXABLE INCOME After Deduction
TAX on Total Taxable Income
Add ; Educational Cess + Health Cess @ 4%
Net Tax Payable
Advance Tax Paid
Tax Remianing to be Paid

Deduct Tax Rs Every month

Note : Employees of East Point Group of Institutions are required to submit anticipated savings
eligible for 2022-2023

1. Proof of the payment should be furnished .( LIC , PF, Tution Fee , NPS …. etc )

2. Other income should be mentioned ( If Any clearly under heads alloted )

3.Employees who will not submit Declaration form within stipulated period,
shall be presumed that they don’t have any other Income/Savings and,
therefore, Tax shall be deducted accordingly as per norms
4. Xerox copy of the PAN should be Attached with self attestation .
5. Address proff should be Attached .

6 . To Claim HRA Benefit Rental Agreement and

PAN COPY of the House Owner Should be Attached .

TYPE OF REGIME ( Please put tick mark for the type of Tax Regime choosen
1 OLD REGIME Yes I do Agree to go on with OLD REGIME
2 NEW REGIME Yes I do Agree to go on with NEW REGIME
Once Type of Tax Regime choosen cannot be changed to in between the financial year

Declaration : I hereby delcare that the information furnished aboved is true to my knowledge and Belief .

Date Name :

Signature of the employee:


PLEASE ATTACH YOUR PAN XEROX COPY

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