TV D °. Ls Vv t Distect Tox. Andinect Tox. | © Income Tox © Gist e Poropesity Tax « &xcise Duty + Wealth “Tax @ Custom Duty x Tinceme Tox _Act passed in the yout oP 1961 and tome into | the fase in_tet Apuil 1962 « Tiuame “fax _fict fas eh Gi) Dinect % "Gi Tadimect Tax Git) Progwuasile 7 Tox’ Gv) Ae Tax i) Bropesitional Tax * Divert Tox, ‘The Pesan paying the tax to the goveynment iowectly Beau! the _linSidérce | burden of tol. * Tndistect Tax The pesutn paying the tax to the qovesnment coltectt the same ‘fiom the ultimate Consume, Thus Bunden of tox ts shifted to the othew pecuon. x Pyoguessive Tax AY rsicqnessive tae is one which fnanease with the polopodttion of incounye in Tneome , FS ineeme vises tax ‘indweose ssive Tay . weqnessive fax ts one which extuact a dedinin ap prison rE ee as income stises As tox artes ie "income HSCot. (Be suiinal To er ea vopestiinal fox one i one if tax viate f tee vate wemain constant if, inome HSCs « Whale ateveer the level of ‘income ate gf tax viemains eenchan ged fod! a Association Coty | Peowor Fim Company es Tniome Gounces CU) Business | Pawofesston. ee dividact C2) Salary C3) Theom fom Houle Paopeasty C4) Capital gains C5) Othevt ‘Peome Gk _Rewon includes t_an_individ hug, Compan: ram An Assocation % peewen ow Body oft SndividuSr Wweath es incouparaled ou not wi) Locker Authouttt Cui) Eu auth ee judical peveson ot falling within any a of “the petcediag. srt ees clases *__Assese j cae bi choke any tax owt any a Peg ate rare the Tactwes) spect o ao ‘alee di) boa eo tuum the ta be | sal aaa ofthe Act the head of nor ws died J \T then the ndct_most genio memb oH of the family oa deam to assesse iii) Easy on. Who & Befing 40 an assesge_tn default undon | [ang | Luouision a this Ade. | * Tneome_o» Sreome includes ‘the following. ci). Those things which ane including section #6 C24) but ako Snelter such things ENG texm Stonifiye aceardin powsn-gentnal and natwial meanings di) ck can not puteodicably none: pout selwun | coming wrth Somé_ soutt off eoalatly ais) The Trance of ®reome trust be ae Gi) Gneome may be _weceived sn cash ous Cy) Gheome weotved ertheny vieceipt Basu_ovt I mag (in The Ineome Tox Law dot not make any differences Bekveen faeome fuom a fegal sources dnd ‘neeme i cfororn a fileg ab bounces. A_Assessment Yoay Co022-22) =a Assessment yeau ig the yea ey wf] 2022 ty 3] awh “2023 6 the next Je Uioled fet of an assese is taxed ae the Tae follow ofng [Taugessm ent yea, 0 eetA Bau yw Gezicsasd Se eee Racuious as lathe lass i_which_ an_assese is Canad Uh, paint i Se oho @ ° if easessee ane vieguised 40 follow 40 ai uri Pnag i puevious yeau thet ra_the Paani yeast -C/ Pps) 740 31 Maxeh) and unifodim Puevidur year a Js ° puoPssion ot “new soura ig! amonths ot leas than 12 cmonith. tea cig p12 months. The pet pluiiod ree is agian dat. gettin up the business ‘intome ie a aoe gay. End pee Loy’ due a _} neu) ness of Compubty fonda hen te given ae fy, taxable frdeome of the | i smen- _yeaH » 2013-IN to 2oie-l6 ; Cor) Busnes ~locom ¢_ Rs_ 69,000 dom lo— Nah 2014 to 3) + Horch 2016 + ' owes Cend which lo, ooo #? an yee Trearne. se Stonbe ch -) —~_Ht2,000. ve Boos te 5fhe yeah _| Assess meat: eu} — eo : TB 2ow-B 2013 -1Y a | 42,000 2013-14 20 lo.ooo 52,000 got | 2ols~ 16 65.0 00 tooo * | Eeeption Curt of te lean & assessment yee —__— co Tneome_of non shacdent om shipping. ai [cyl Preome af on_[tuh coum oxt_foot | a paviind of. fine. | C3) Gheome of parson bps likelyle —dxnnyfer_pouopeely to Lavo -fee. cu) | Gaewme a assosiation of potion. out fadliutduod antifs cal @_A peuson Roving the fneome of bates 12,941,530 and his age = Thy ga yeau. Caleulat. the taxable liabity fou that T dt pecer Gel 0- S.00,000 CS,00,000 @ot) } | S.pq000 ~ lo,ogev0 ( $,00,000 @20°%) 100,000 Above [0,00,000 _C29¥830 @ 30%.) 88.359 | Add =— C695 fart e359) (se3sg fdd = CEss Cut on 188359) | = s53U.36 + 199369 i 1961843) a / 9) = 19 CKO Hic { ie YO 6) i? |I if ei 5; == i a peuton Raving ihe Liatan op 8 $90 and fis SY eed 4 so ee Cyehy00 pe ee eh) —— AT ee ee mae oo 50,000 oC 2kniaiin O'o aie ge EE _ 250.00 = $300,000. C2,80,000 @'Stfe) 12, S00 Cve,cco ~ FOISUO (869,640 © 20%) 43,308 sau Guat Add = CEéss (gle on $6,402 = 9NS6 30 + $608 = 99,864. pale = $9,860 ge 0- $,00,000 CS 00,000 © 0%) o a oo.o0e = REICH C3,69S40 ‘i 43,908 43,908 dd = CESS C4 on 42,908) =_ 2,986.32 4 FR Ie = 46,864 chs = 46,860 B Theme -€24.96,420 Age = 36 S i 4 o $,00,000~ 10,00,000 C8,00,000 @ 20%. ) Monoa_ Above ~lo,02,000 C14,96,"120 @ 3e/) 8,926 eran Lidd = Ces OM. on S4%,920) = 2956 +548, 920 ~ Sdo,896 LA =_ S$ to,980a eats Rh | a) Faceme_furom sale pees xx | c2) Theom, Hom _tHous® Propevdy xe 1¢3) Thcome “from Business [fl ession lass 0) Income "Prom Capital ae ts) fn come om Otheve Joureer Ry Custos Total Theome. ata | ny eduehon £80c +0 80-4) | Total Theome. | (6B) less =than_60_ yeast ao¢ 60 | | O=- 2.6 lakhs NiL (Tan) [ I 2o-€ SC. g | eto 20%, | i Above Lo 0°. | |) Co-50 Hibs Retelidee Cét-78) | lakh, Pornes i O-d Nil} | | 3-¢ Sle | | ein Zoro | Prhove to Bort CG) fthow $0 | | tabhe Qasca | | 0-€ Nill | | ¢~¢o 20! 4 | Above to Fo %e | | Je] | |%_Tocome.. - —_— CIA parton cannot _ make taxable psp “out out of th. he aa —Aeansackin with Rimself -theotefosre _Fncome rut neat oulside Cie) Thawe_is_me _dijfestence bohoten tempovony and a _feemanent Maco. _ = —— uw) treome include Ch. ae C12) Any freome Cannot sel sae ton on te T ney weceive wife fos peers Snpeass pees Small cdoing spiel BY House doife het ts “not!! doteated” as income , yy 1siay swewand vecelved by sposiiman ijn the fooien of Bshft Bem fis preflseh i. chorgable today | out of Tene oes 9 come £4) Sneeone ident, Cfo Gi) Volentsy — conteribulion utecelved by a 1 ohn consi domed a hheome Ov) Any pool in lele_of Salaxy as a oncom gf employ ¢e . @) Bay spentad ablewante On “benef specially 9 ouadieh 4b assesce to meet xpeniog bal an procdius wely f - rf 8; 1 i at en he rite lina feat tn a apaaterlahd =p | py teak al a wadome, at {itu toeated ax fo capital hb tuteated as Sreame. cx) “Th nef ae any ofan ) business tf. 4 Twas —Socitis d sas es | >ing _firorn lottany » coess wrod Jstinee s , card games an ot Frcorme i beet too jovi der) { Spit eempla reat ml fund. Si] Gofs_of mio) end _prcopeucty exceeding Ra. © lakh eco hveade. komme _fnem_ gambling om ‘eating of anyore ESI) Day Sanne _eurcciee d_4y fa ascease —fissom tus as Ce Any Som smongy —steceFu advance mene, bobo 2. UV Hexable lreome 1 OD _2_ Ape. Bai of _F 149-1440 th te oft. Calodl ta Lid 2, -@ o-le 2 St @_s°fo) 12. i 00.000 @ 20° ) peels 4194TIe @ Se*lo ) 14s aud 60,84) Add=CeS% C2z4%e on 260,84/) Se 164 + 260,84, Ape = 251,240 > Tnwzrne_=_ © 253.994 £0. PG-—— = 7 C 800,000 @ Ol _) ___Seroreee 0 tt “(pC Sj00,000 J @ 20%) 100,002 _Prhove 10 CIE SINS @ 30°) NIG. F3S~pats Ce lon 1248636) a © 94,093. Mb 54.6, 6:8 i Sta a Notts iit ional Ce cody toute __—O0-B pint cal catognny AL i : within 9% al Cit) 6o_ days ost _mowxe. out of Io syeoue puceding do Rueruousy ect the _pyevious gear. + Ui) 430 di our See in ER days for diyenus __¥ ecw preetodeny the : t HeviOUA Year.Lala citgen Usp ‘hose been Sta fing inf dia * 1990. He Hved—in- leave the Endio 16a 2014 aod | come tn Apert YTJan 201, Dekamine ft vesidentat Statur fou the previous Year 20/4 ede Reser" etd Zebeta RA lEoAt. AKO ROR oe 193 ces. L : | Resident totes: $10. Anfrur_a_ citizen of Tdi ig an ——_ pourt_maaas eM of. ABC Imt. which is an fhdian 1 if sh 2olo [a gc pe naa pans teow | Nn of day fo use Roof lays tn Ghdia _81/a/2ois Fo. day = 31f2]2o14 310 day. 5S dows _$1/3}2013 2H. days 4 dows Lat 18 dloxys 2S day's 31 J3}oou 318 dos We dt 31/3l2010 oO. days 33r dlawy.c [i dential Gtorlus of _ «| Residenttal_and Nea Oudinaxy Retdert. ; TP the bauta Satsfy both the aditional conditions then fe 6 7 y heeome _viesrdent- cand bunny Heap wuetidenk __+ Ruident but Not Oodiauy desident . dow nok _dakify any 0% both addienal condifie_¢ Non - ex dent When ends coro! fai ew 3s a 3 Rulidentint Status of Boum 0)_Resident- x ——______ hen whole_our Powtially contuolled fa Gadéa Ch) Non = Resident. No ne ae contycol and cmanggemen t- ahoukd be tn Resident t C1) Resident ~—temnpaniy Ya “W104? den}- if kh cenlutalled fo Qndin ——€i)_Nen_= Resident ai, dm faut a T i eat peally cota side the Thiseel “special fi T x — Taxable faxticalan iti to Remembent __ RNOR CA) |Tncome_SMeceived nm _india whesevay ft_appuroves? acome ox py phe fom | Ror XX XK XK Tht, e tpl Tt || business in_othen Countow | ereaived In India. el ce) Tneome acenud in India whenever sueceived. «| Dacome fevom poafeasion xXx xX XX | in Shdia« o| Rioftt earned vor business xx lin’ Sndia. ce) _Bncome. eauned and seccived | Outside Endia fom a | busines contol fom |Gndia. + |Gncorme on pusofit fiom a XxX xx | business fal othe Countuy (tontowol fem India “Tl T Co) Income eained and steecived | outside Indio _fsom a _ business not Conterolled by Dndia. . | Gree Fasom a business a _ othe counlouy and_seceived | these awemitted to Trdia. > butras ‘tr othe coun hy and © Sntome fiom aguiceullune Or Guo ; lavfical Pavepa Zon-2) Of Paclvous pt d year —2ozt= ZZ Hence Carr * v) = cl 1 of Abtesment—Se20-<21 }a | Special Pink to “Remembeor sn = T Ruofet_of- 2020-2] axe not athe p 6 pucelous ie a Qo2l-22.. Hence can he Facluded Ti lin thd sear IL asseament oy eon 2020-21, | & 6 af weceived capital wreciept ‘and ane mot come ‘nto “the | alegoauy of! Sacome. = | «| fast Jeuseign tncome bsroug bt to Thdia { B.skuom the fallowin information about the Thame eained = by the Md. Rojoh desing the fonancial yeau 20-1€, beleemine 18 total Fneome fox Tithe dsceasmen¥. eco 2018-16 if. Ca) Ruofit fouom a buiineus in Mumbai wrecedved in london . = 1, 60,000 » ce) Rasien ferem Seuuice in Sndia but wecelved in Uk € 8,000 . el Fadanese on Uk bond which weceived fn Tndia € 4.000 « td), Gneome Fo10m propeacty Situated Gn Ffakistan vtectived thee 220,000 Ce) Fast fouelgn untaxed _fneome reg to Sindia EF 4,000 Gp Thome fSuom agutieu une land in Nepal weee'ved there. and betought- fo! Gndia._& 30,008 « 64) Inwme Piecpenpuies fa keenly which Woo sehup 7 Sn Bndi'a eee in PT kengya. & 12,000- “| Ror anor NR ze Sole Radfeulan _——— cA) Tneome weetived ia India fo. whe + }—__ (8) Income accswaed in India wheat Secelved. to) Ruofit Zuom buses in Mumba? | 1.60,000 |, 60,000 | 1,6,00, weceived fa_Londen. : Ch) Rasien fesom Seawite in Ihdia..| 50,000 6,000 ‘Shien. te) Tneome éauned and sece'ved utside Ondia Puom a business conkhol Paiom India. 5 cd) Income _cauned and Mectived oudside Indio. Faom_o business not nhl by Dadi ia. oa ae ee fe eo eeovision Jou incidene op Tao, ‘Any Imeome which is ‘etthen o1eeleued tn | to be weclued Sn Gndio iv towable wicsidenlial fats 3+ fow a uwcsidert ia income fos all global income whetreuen | earned ou weceived u towable in India a. fow a non seident on Income is tanable only if it is eithin eauned on it i sMectived in Sndia 5. fos _non-oudlnay vieiden! intome eaned seceived oubside ta Bhavat will be taxable -only Pao a business . when if is tonhelled of business ow fhefason and Conbuolled a _set ot Sndic. Dnome $f Being to the wecieved in Shdia,, Treomé Tax act’ in 1961 and pueceeding oot allow in 1992, C1) Conbsribution made 4y the employes to be steagaised | 0) Ruvident Fund tn Sacces of (2.0 the Salty ofthe | employee. (3) Inkewet- cotdiled the REE Ci Reto Rceg nised Reovident i) f the employ ee which i in acces Ge IS [annum.! tu) ff balance fwomm Whe unvevegniced poet fund [tol te ten posi id.eo ey ploy est yin of “an cop a nobped ee “a seh es siallgieltan _ FtCO. | Thome which ts ace ocewted ou Quae fn Bhanat- ey Deemed 4p acewied ot ayyke. chillin _made_b a, “the. Conloral ut: on Lary evious ee y “to the aewunt > C0) penahon fo pwuchase goods $n Pndia fou the puypoce t fea He pages — of expourt, / CH) Ofwidhen +0 collechon of and views fou Awansmission outside India _by om on behalP non - wesident who is engage) in the business of. Running : ageny ow Soft publishin Tewospapen magazine ow ~ penal y Co opestaticn to Shooting Sn Ae cr'nemas film mn "Bhaxat if Such_non~ eee individuals should mot _be ‘citizen in Pndia. Gd) Taweme asem any poigpeetty assety ow Sowree of Yacome’ which 7 i, Y eslablithed in Bhanat . Z C0) Theome 4eiom the toransfeuy of ony Capital assets Situeled” in India. G) flay income which falls undex the heads Salany u Vdeemed. +o oceured oo auise In Bh Shdia “ jinn 49. _pald oulside Shdia. Ca) pilouech paid by the gout. th) Royalty ken by the got:di) Gi) | | [A “peauson ean “the fo Dodi 22 “ wing income ding the financial yet Tterert paid by the indian Company deceived in thdia | F200. 7 Rasion fom ep fn India seceived in USA 86,000 Ruoftt bavned fab the business in pout which w_contorelied il fliem dice "uo, 000 tw) Mreome _-Buom agedeuttase in Bhutan viemited fo the India HI B10, 000 Ce) | Income no Baropeorky $n England Heceived these & 8,006 cu)| fast feluetgn untax 7 income “bstought +o India 20,060 1 Vv | | Particular | Ror | Rnor [ wR (A), Tntome_sieceived in India wherever it accuned. ©) Drtewett - 200,000 | 200,000] 200,000 j I 8) Theome Accued in Tndia_uhevew [ aecerved cit) 8000 | B00 | Bo00 i 1 Cc) Fncome eauined and wecelved outside | Tndia firom a hbuinest contuol fuorn India.” r a Gi) 40,000 | _Ye,000 | _¥a,00e Cd) Income earned and weceived eulside [India fuom a husiness not Conlorolled in Trai F | cw) ik 10,000te _v) _o followin aye the paubtculu roe 0. Pee Se 248000 | 2608009 fodat Fatome. oe 2 64,000 ee of: Dneome of ows foo ~ 2021-22, (@) a Teves seats a Dolh? seceived fn USA & 80,005 Cb) Dreome fucrd a! busine a US contoolled ftom Aelh; ¢ 1,20, 000 ~ cr) fe a fuom a business in bangalosie confoolled from USA_& Ifo, 006 Co) Reat fam a Puopendy 2a USA wecceived Hene but wremitted to “the! Didia. F6o,000 . Ce) Dntuet Brom deposit with an Dadian Company seceved in VSR ’F 20,0001 ey Cp uf Pow the year 202021 oh a busines “_venited to india dwitng the Crlot toned eaulin) & B4n0007 ) Gift wecared Bum HP omputt fs _ineo ip ‘he _fs ‘na_usn PHevious yee 2020-22 Poxenti FUSo00 me fou. cuseasment- ean Dapp the RoR, RNOR and. Ne5) neome poem Salany ome Buon Capital Gains come _fuom Business oot puwofession income -fowm House Bropeorly come “fuom Othex Sources t Sisl5|5| | Trcome fom Salasy [+ Basic “Salany e childuen Education Allowance |e Ruovident funds 2 Commission le Bonus © Deauness Allowance (pA) [+ Reovident Medical faiilty « Gunatuity [+ House Rent Allowances + Pension © ¢ Tnading Allowances |e Puanspook 7 [+ Hostet ” # Goatuily SL Gov. Employee = Exempt poser taw H Non_Gou._£mployec {| CL the employee Cover _undesy the payrnend of J dba fe | iat a Ga ty ack 1942. bye "gt Cb) | The employee is mot Covew undew the payment. Pay of. ota uty act 1942 V cal ‘the employee cover unde ‘the payment of fat ack Lo #2. cs ch Chase Salary + on) x Half Month x Yean of seavices (Gi) & 20,00, 06 v } : LCi) Amount sieceived _uatuty [Chinimum amount wht be reed fiom =)¥ Hart Month | Sn Ca) care = Pes aude all Sunday ) Qe Rahul who we was _employeed with ABC compar seid on 2I* oct .2020 wweceived 2% 3,60,000 a4 thy» He Seowe the company Foust 28 yea and are Ve Atthe hme of. ran hu salary was 1Goo0 [month Howey, ke he Ts Coveted undes eve payment _ of gutetaity ach 935 Glalate Th taxable geiatuitg Sole) Lesbo x IS x 2 2 2:33,69s¥ C2) 200,000 (3) ZA e44 360,000 Now 3.6n,00 ~2,33,6¢4 126346 C8) when Cmploy ce dow’ not come into co eouy of- POA 1992. Year does mot Sround up CYeor Stu “be counted) ti) CBasic Salary + nearer allow ance) alc year of Sewiee Cit) 20,00,00 Gi) Amount sMeeeived as guiatuny . d 7aexel| Gmmuted Uncommuted. ae Reasion Rnsion Cimmediately ) Cfestio ically ) fx. loo00 BM st [Pn 60% _Cuncommuted) Fully tarable 6,000 L Yor Yoon Ceommited ) Commuted Pension _| bGov. Employee = fully exempted sfurom taxes "Non Get n= cy Swhen ‘employee is_vleceluing geiaturty « Exemplion Tarls Vp 0 3 of Lomond Cit) tether When these 4 no ‘gota atuity Lo of commuted BM. abhijeet srehine on Ast Sep 201g weceiving pension of 10,000 pest month as pension on_/[8t fan He Commulted br bol. of Bis pensions and ee 4,00,00¢ a6 Commuted pensions » . You axe wreguived to Caleulate Thi taxable perliion tn the following Cases} oy Ne uw ob ewinrment- employee Gi) He is @ "non a Heceiving fuctelty of € F,00,000 at the Hime of _wretistement& Gi) He ts a non gov. employ, ee an and _ not weceiving guahit at the we histement Set flats —_— | fireunt_— at Untemmuted _Fension J oO) Cto,ono 4 + Yan0 x3.) 52,000 2 Commuted fenston Yi00,000 ci. C-)_Exemption 00,000 x ° z Toxable {s 2,000 L_Un eernnuited Pension Ci) Cinoon xu +Yooo x3) 52,000 2 Commuted fensinn 4.00, 000 Gi) ©) Exemption 222,222.22 | lat748 CY, x_100b00 Xoo) 60 Aoaohle | 229778 1. Ua «commuted Pension Git) Croon x4 +Y,000 x2) 621000 Commuted fersign Y,00,600 z Ci) (-) fxemption f hx 4 oe 200 wife) 3,49,53333 66.667 — Taxable US 66%TT Grass lat Bene. | + Income from _othest_Sowices | + Theome “fiom Salary | ° Income funn Howte poscpeet L + Sheome spam fosem ‘Gyfital Geis a 1 1 .| Aman _welfwed on I! Jan 2olx_wecciving 5,000 [month as _jeensien =i on_18* feb 201% . He Commuted 60% off his_pension and vtectived EScaoeo as commuted pensioné « You ase srequisted to Coleulate it | taxable pension tn the fotessing casa. Be pesser iS fe onploye a tity Helis wecetve'n wha “ad 6,00,000 a He is not Heong an quiatedty i) ‘§ Gd os Sot] Rawtiewlons . Amount 1. Uncommuted Pension ti) (B,000 x} + oon x2) 3,000 2_Commuted Pension 3,00,000 1. t=) fremptien __ 810,08 _| o ; iat oo8 | 60 Garabte— | | S002 | Untommuted Fension __ Gi) (Keooxt+ 2ono x2) 3,000 2. Commuted fension 300,000 _| een! ude) Exemnpifen 1,66, 666.63 c Lx we 000. oe 133, 33 142,333_ C1 =#3._(5, 000 x1 2,000 x2) Uncommuted J,000 2 Commuted cay Co Exemplion Ap —8,00,000 r 300,000 | 2 be YOR. 2,50,000 | 50,000 eee 59,000Dethi, Mum bai othest chennai, Kolkata, State OG) HRA Received CD HRA Received |__ ay Rent faid - tole of MH) Poronspeort allowance ¢-F loo pe month (3200 peormonth four __the ho fandi u| dlikdaterEdseoton “Mlowance— u Zoe fos ooly- a a fexrquisttes, Gane ate RIE Fain NE ust v ie | Valuation of of Unfurnished ecomedaltens ie , ™ Rent fo.ee | Govt. Employee Non - Gov. Employee i L ticense Fees (Taxable) Ly House ts owned by the | employes + C8) dy House taken on sent a | by the employes « 1 (A) House is owned by ‘the employes « ti) Sle of Salawy if the population Size us gweator then [25 lakh. a ii) lorh_of “the Salany ip the Population Size Us Ives bekoeen | 10 lakh — 25 lakh. | Citi) 25° op the Salary if the population Size “Us below the Jol (B) Howe u taken en sent by the em ployen . i) 15% the Sal. if 2 least amount will be taxable _PeegprAman Submit the following fnfosimation wegaxang hu Galawy fneome eal the ban” 2020~2) = 1) Basic Sal Salen & sea marth, ———__—— tii) Deasness allowances @ 40% of Salary .CPosming pat of —-—__||_ Solany) ee ale Cit) childsten Edueatfon Allowances «2 200 [month fps itd fo | 2 chiiduen. eee ssa os ee eee |led’ with the en) ec _unfaynished accomedas, ~ tha) He is_ po fin the went face unfurnished acsemtdhi, a cohtch! ic Saeed by ‘the employe. The faiu cent value of jhe houses UF 24,000 pa. a Caleulake the wos Salauy assuming aceomodation U puouided 4 na city havi population "cad Below the population Size of 25 lakh . cn) Sepulation sige “berween tol — 251 Ce) Above the. 25 lakh Cd) Below the 10 Lakh population size Sol. i Poxtfculau A 8 é D = Batic Safauy 18,0000 | 1$.no00_| (8 goo | L.go,000 | C1Sc00 x12) — DB ('S000 x 40 (2) #2000 _| #2,000_ |¥2.00n | 72,000 Too = thildsten Education C200 x2 x12 = YFoo) 2Yoo 2400 2400 2400. Ctoox2 x12 = 2400) = Valuation of Unfuxn. Aecomedation 25WYo |osyyo | 38160 | Gotan = '$0000 + 72000 + “200 = 254400) sbi fist Salty —_ fn uo | 292,566i= Valuation of_Mot ie hous es = lai] Use Use THhis_pemquisite os Enlivte expenditwte ine | not taxable [ tstenahte- employe _{s chattga | L ble to tar, 7 © | st Use ck. EX oe ) 1 he Soo P.M cp dattven ts hised )~ Yalua alion of Free Pande = Taxable value ‘site ave Value at which employe fo some benefit to publte = Amount evade any employee Valuation gut site undesxt the Cate g ost 4 lunch an sefuttent . ai) Refaeshment> given atthe Lime of wowing hows then fe "will not towable Ci) Lunch & Refeshment puoutded fn memote auea doing weoking asea is shot taxable - o Gi) Lunes on wehreshment oi 4 _psovided othex tan the pecs the _taxable_amount- itt he calculated as? = Amount. fo Beentje ~250 pes meat — Amount weovened fuer employ 0.8Stalutooy unsiecognised Recognised testicles SPF | UPF RPP 1 LEmployecs Conturbulion Tonable fanable | Taxable 2\ Employees ” Not Taxable | Not Tax- Employee = Contributor above 12%le | wi i bs 3. Bnéewest on Provident fund Not Toxable | Tt on PF | : above 9.5; | will be taxable Not Taxable | Aceumulat} Aecumdded uy. Accumulated Balance led Balan] Bolance ) 0) Emplew) CAITR the Contuibutol Sewice yoo eROT eA es than s Syean 10 ling Contessibs that case Tt CTox able) will tHteate, Git) Tot om OA unbecogn sed Pp Employees Cfaxable) J [Lontwribukon| Ch) FP soc Fueor os Nw) Tok, 00 quueaten than Employer GE veaw a Conlusibubten T Ie taht case Hei | ol aa See Gg. Paeastng Fnfowten alton about the Shyor O) Basic outa foot month 223.400 . bend pa_month 4000 i Gd. Shyam Limited war allo psovided g setae wating fox the lofi patcuided by Tine employest Rs 40,000 qi Caleulede Yb tolal Yntome fevern Salany . Ltd. cii) pose ablowance fheluded ?n Salon 4 forr_sefsement Gi). Totenert lon siecognited 4 psovident fist at 13°Le FE 46,800 . a Moto Caw of 3 ‘al and pessonal we L) HRA wat F18800 peut mont? and sent Mia x & F2000/ment a Sol: Pawbeul ow Amount wo) Baste Salawy (23,400 *12) 2,80, 800 Ci) Deaness ARowance Coo ¥12) 48,000 Gi) Tht. ion RPE YAgoo B Less 9.¢*/.) Cus) 34200 12,600 gE (v) HRA Cun 2) 16 £600 ©) Exemption 53530 | I/2@60 Be. Motox Gor Pe valu: = Lisee x12) 21,to0 2 Totet Theome. fuuorn Soltasey U45,080icone Usoviking Note > 13° ef = W6eoo YG8eo X10 13 © = 360000 bg {88% ¢ Aénaeo = 84200 ] Fi | 4ON - 2 { —Fand houit Ti dary OS Ronni = 168.600 Grae 4200 x 12 — 32380 i Béste0 Beh” — 39.080 i = $4600 53,520 Clit) Se'le op Sal | 240,400 tY4%,000 |__= 32%,g00 t = 16400 WwN-3 1.31 x100n = 1300 Ccaie “Salau fo selistemenk benifit) 2260 Oh), Childaen é salon allowance Cfo one. child & 2ee250] mons, Civ), Enteudadoment allowances _& 260 /month. _ ty He entitled to use of Caw. below 1600 ce. fo ot ffs and peyurnal_use and expendiduxe fnewwed fe ke 7 employ et » Calhutlte $6 Pacome saloey foo Yhe _Asseament yon 2ett Sl Pastticwtars Amount cd). Barre Sat Cit #00 X12’) 1212, 400 oe cit) DA_(2200 x12.) 26, Yon & Git) Childnen Educahon Allowance CWA YAS0 212.) 3000] Aoeier Goo) oo} 1800 iv hainme. Ub C250 x12. |_ 3600 _ tv) Notes Cax Foro uisite towable value ester Cigoo x12) / j2GS.205—a Ruoparty ts Baropeaity u Bropesity u Letlout® Self occupied Rutly lek out_and uy _let : t Pasty self occupied out peopeanty foutly eb oot | and Yomaining __ Vactant.4 ——__—____ c Guoss Panual_ value nx te gs to Huncipal_ Cex) \ Nav net aa) value) xx ' te) skandaud dedwokion Cex) | Es Gntexert on Boowowed —_ Cxx’) | Capita Towme fuer Setauy __ X¥ I y 7 dT T House Ruopewity LL s Siac See es ae CA) Fall oe let out psopesty A ; 1. Muntipal_value ve IS Nant Standand . E 2. fobw' Rent Value y, Standaxd Rent value Rent Value’ BL Value E 6 Anauat Rent ae CActual Rent - Unsiealiced ie _L Rent) t iz Maximum Value Le Rav eos reat Hattse 0) Poly eto and Remat nin Vaceant & : 3. Mat, a . ; S 4. Stan a ae va Value 6+ Anaual Rent = Reat- of Vacant Pewiiod = GAv,| @. | five _peoson having thew ‘income whith ave given below $- TL Padhutees no] efc lo 1.| Muncipal value 60,000 [60,000 | 60.000 [/,20,000 |1,15,006 [2 faiw Rent Value 68000 | 68,000 | 67000 | 1,14,000] I,17,000 3.| Standand Rent 62,000 [62000 | 4o,000 |,15,000| /, 16,000 4 | Annual Rent 64.000] 64000 _| 43,000 | 1,21,000 [110,000 5. | Rent on Vacant fwitod |'lo,000 | 20,000 | 10,000 | 151000 | 20,000 4 — | sol. (A) Ge,000 $0004 62.00p 67.000 6 %,n00 42,000 64,000 al C to,000) Shoov Gav 4 1 6%,000 62,000 6F1000 20,000) Utooo Gifu C1) 66,000 | 640007] Fov00 J 43.000 $9,000 + 40,000 4 43,000 J Ct,000)_ iL 63,000) GAV | Uitneo Ljfooo WE.oco L21,000 d 4.21000 (15,000) i Lobo Caav) 16, Iho 1.1600 oo | [19,000 [16,060 1, 10,000 C20, 0b0') pe tAboco Conv) >x. Fea ites os valuation Rent ceieaia Acco dahon. 8 valuation point fg nthe med ion : 3 [Nowe of ue Amt» Unde een | — - | 7 - vate of famine Cork) ——P ___ E * Valuation of Accomodation at a consessional Rate => ‘Value of _feviquisites ©) Rent pard by employee * Valuation of Pesiquisite in dwespect of domestic Sesw ant CRetual cost op fo employee. Jame paid on Mecove foie iB employee 3 * Valuation La Peequuite ia vespect of gas, € clehuiily & wale: KE Supply . lL (plduat Cost paid by - Any amount . vtecovened jum the Fa er plo en émployee ) E (many chung ) ¢ In vithpeck op Aue education > huuainiing to ad employee iu not taxable. ie > Educaltn facllty_to to! family member is tonable, ame, pad if by the Employen fa_ thik towable value of povtgusit 5 > Tf the education failcy puovided to fam? b the ihe eel ny ee faa edéedtional fashion cae i ogee shen “the weasonable taxable upto 7 is 7 Tee enh perchild uv not farable, —_!n_of_peviquute tn viapec_of wie of movoble_ asset. _ | Computer; La op wourded byl the’ employe U Rot taxable -_ D‘Telephone , Mobild bill ToL taxable ‘> Any othe mevabl moveable asset» is _toxable at -fillowed . Le Ntlaol_highew changes 01 lo'/, of actual cost of ase ~ i clay amoult wecouaned fuom erhployee , “t f gf | «| Valuahon of penguisite af medical facility (G) Bxed Neditat ‘allowanées given on Sequlan basis ls alwoys chaxgable to the tax. i ig tid) Exgendiwe Incwwied on seimbuesement- changeable upto 25,000 ta jeu a jelwee Dedectron Prem ineome under the Howse Ruopewty (see 24) «| Standard Deduction a some of 80%le of NAV shati be deduckd om sepals, matatatnence , Collectin & changes ee. + Thtexeat on boworowed capital when the poropectty a aceuued fom torbtuuchon, sepaty ov dseconshuielion with bovwrowed ‘Capital the amount cf any ‘nkuett payable on Sueh obiowed capital shall be allowed at deduclion vem wAv to Caléulate income juem fowse puopesity “However the following potnti must be considey fn secpect at intestec+ lon bodwiowed capital u Ci) the fntestet- ip wee: deductable’ In accrual basis and tt should be clafmed on yearly pass even if no payment | har been made ding the yea. i i puopaty oot self ceupied _ to edp yest ad (2) Deduelion of intext Pow self. saccupied pull auheanSS ppp slate —> The_ a 0 inka, > Some thes places ~> The amount _¢ deduchont fon inkous Tn such cater cd F 30,000 - HOwWeVen_tnfey . Ih such cases shall_not txceco : Me upto & 200,000 uy deductable if the following condikions awe satinfied ; ; Ci). Capital tu “bowsrawey on _ow1_aften ae 1999 ‘Four [ aeerey aoutuing | conttoueting & pwoperl ; Cit)_The capital an only fob dequlin amsnu ia of the howe. tii} The acguisilion [contouchon should be complekd within Syeaxt fuom the end of the financial yeow. fr vohich Ghital aye bowsowed. | u v ay “the assege fumished a Ctstificale fiuom the pesson to whom falviat UU payable “Specifying the _amount- a. Foloeat- 7? TI | ter Pay C3) Tnbvest fou pase ~ conitsuckon pestiod sometine it happens that enya bowsowed leaulien and acquisition’ ow complek coruknuchen dakes place in any Subsequent y can méacinable intoed-_ become payable . In Such Cases ‘Mevert Fes woble fou the pesiod! puto to previous year ; —f in which he porapestly a acquisted [tonsdeouet will be agquiegated and? allowe fn sdsceecrive inal pan YEAH y in om ‘the yeay fn which Lihen aaah Conctowuchion coat complied, acquistion/ t(inet) |The following facome @xe come unde the calen de orn Othe Sowrcer roti GOES FA Divident ne ti) Divident fuom a indian company | u_not ‘torable fa. an the hands ef shaueholdeses Gii) Deemed ditident foween an indian com ou_an, divident_ duom a cfostign Company u_tanahle fn the _ fands of Shareholdess * f 21 = Wiig 5 from lotteuies, these ineluda puzzler, Card game , | howue vHaces any othe BEY Paom ay gombling out setting gf any fos os in dehe ! «& Eiplayee Contuibuhon to stafp welfare scheme — any sum vreceived by an ausesse fuser ho ernployer @_Contuithution to stafp | welfaue scheme & Fexable fn the hands E employ ess i unde the head of intome furom others Souboes . | + | Dntesnest_ on Security — Tat. on debentuxes and tnt an L a = popes t tawahle unde, the Fla of. | fncome futon otheud sources. {I * | Rental tncome_uom Fuwinituue ,plant- and machinesy let on [hive t& tandkle andes the hbad ef maecome fuel otheas | Souces . = iE a any gum Tak amount- of money mm nop eo by > Ms tecerved tuning The” mae ieee be ad ne OAL:an “tentidesation by an. ou Mor Ru paloe ONY pea, oo whole amour fit ib _tovohi, aa these SOUNCEA =a m — ae «Advance Mone, seceived dusiing the _psevfous ean Sn the " coute of negotiation for Buonafon of of Copter fs “assett_and -the Jadvakee monty’ is dow feted and oHakte doe not weult ied Capitos welowe then~the money, wecdived fn advance # ix taxable unde the calegosuy ef. Ineome om cthey a Vouxcer. v 7 7 L * Thtesert on bank deposit-_ond loans Cintestest- on port office's Savin han’ account ix Exempted & 3500 fous Sole accounk geaeds), £7000 Caoint-/aceounk tholdew ) ° Ageifeultene $ frame duom outside Endia . © TDisectoous Tees. Divtecloou Commission toss standing as ‘lsianr foua sonkex « Didects: Commission foor_undevr ws aiff Com A Beto any payee to_membex of pauliament , a chews fuem @_peuen T ing shaves foor_a neo bn dees weceived by 4 he a than’ his Crpayeot. . “= Tnkoest 0 on Seeity. fssued ee fee qevesarnenod a tbsed Sownees | Rahut tx the oconews “t 2 houses. find out the fuss annual alue ae = = Ay Ho. MV. 30000 35,000 ——FRv 3 6.000 30,000 SRv 30,000, 36,000 | AR 410,000 32,000 Mr 000 3500 30,000 36,000 f 30,000 “J 40900 - Yoow = 34,000 236,000 36,000 40,000 J Gin NAU Ho | 35,000 J 35,00 36,000 7 36,000 -350° * 32,500 || 30,000 + 36,000 32,000 Gn NAY | i 4H, = NAV = 467386-36,000 - | C10, 8005 I = 25,200 = 32,500 (9450) e | = 22,450 aAF pesuton having the. income of. 2, 00,000 and eae ¥ age of 84 ae Caleulate tis ‘toxable fneome we 2B pesuen “having the income of 64,00.000_and aE fee the #4 Gear , Calewlate hx taxable income. ea bes a3 B pesden having the theome_forom House Beepesty occ ~ b Hee ahd jname fom other soinces €15,00,000 and Thome aS Salauy €5,00'000 belongs to the age of 58 yea. -Calod ge - bal is “taxable income.” cS ay X i @ pesuon who hraving_f income & $10,000: Peson_oge = bE 48 yea Colcalate hia datable income. —~—_tlu._0 -5 (0%. of- 5,00,000) o% E Ee 5-10 C20% of 5,00,000) 100,000 Above lo (307, tf 14,00,000) 4,20,000 — y 5. 20,000 a Wf. $¢ cus mM 5,20,000 = 20, 800 + 5,20,000 = 540,800 & e = ~. "hs 0, Ez oa c “$ C5. 0,000 = aa 5-10 C20 of 5,B0,000) 100,000 = — Above oC 20'/. of 4,00,000) _1.620,000 . ro u 17,30,000 “A HA els on HAgioanls ©) Minne eee agent 30,000 = 17,99,2000-25 (0% of 2,50,000) o 2.5 -5 Cs. of 2,650,000) 5-t (20% te 5,00,000) Epeines Above lo C 30%, 13,00,000 + 15,00,000 -+ 5,00,000. = 33,900,000 12,500 28,00,000) 6,940,000 8,02,600 Yeh. cess on 8,02,500 32,100 + 8,02,500 = 8,34, 600 0-25, Coe of 2,50,000\ ° 2.$-5 6% of 2,50.000) 12,500 = 10 Qos, of [,00,900) 2,000 14,500 Yel. cus on 14,500 = 580 + 14,500 =_ 15,080 = 15,100 4. A pesuon which ix port Ge Salary and wehwerieat benebit He ix covesred urdew the payment of quotuity act 1972, He has _weceived amount o atuity of 4,00,000_, Sewvice_yeaw con. Caleulate “his tarable gquialutty. | 30 lesa $24,000) x # x30 = $4,000 x15 x30 26 = 14959,446 having the salow of 5,000 pew month and D.f 40%i Gipidiontonn aaa tee ee eee Amount Received = ¥,00,000 = 0 Chally enempted ply P A.