AS PER OLD

REGIME
PARTICULARS FOR COMPUTATION OF INCOME TAX FOR THE FINANCIAL YEAR 2023-2024
Name(in capital):- Mobile No. :
PAN No.: Date of birth:- Email ID :
Vill/Area: - P.S. - Dist.- PIN-
Name of the Institute : Designation .
Particulars

1. (a) Gross salary from Current Employerfor Mar.23 to

Tax rate & rules for the Ass. Year -2024-
Arrear&Bonus)
25
l.(b) Gross salary from Previous employer during the year
(1) 2023-24
For Individual/HUF:-
1. Gross Salary Income (la+lb) Total Taxable income Tax up to
Rs.250000/- Nil
2. (a) Standard deduction for salary employee- u/s- 16(ia)
Rs. 250001/-to 500000/- of (taxable income - 250000/-)
2. (b) Professional Tax u/s- 16(iii) Rs. 500001/- to 1000000/- Rs.12500+20% of (taxable income -
500000)
2. (c) Deduction against HRA (for residing in rented house U/S-10-(13A)
RS1000001/- and above/-Rs.112500+30% of(taxable income -
(Please submit rent pay bill & self attested PAN of house owner & For deductible amount1000000)
see right side
(2)P No.6)
For senior Citizen a e 60 ears or more but less
2. (d) EA,CA,WAA,UA or any other Special NonTaxable than 80 ears up to Rs.300000/-
Allowance Nil
Rs. 300001/-to 500000/- of (taxable income - 300000/-)
3 . Income Chargeable under the head Salary-(1-2a-2b-2c- 2d) to 1000000/" Rs.10000+20% of (taxable income- 500000) Rs.
Rs. 500001/-
1000001/- & above/- Rs.110000+30% of (taxable income- 1000000) (3) For
4. Income from Other Source if any:- very senior Citizen aqe 80vears or more up to Rs.500000/- Nil
Rs. 500001/-to 1000000/- 20% of(taxable income- 500000)
Rs. 1000001/- & above/- Rs.100000+30% of (taxable income- 1000000
4. (a) Interest from savings Bank & P.O. a/c ** Health.Edu . Cess @ 4% on Tax after rebate (4% of item
4. (b) Interest from F.D.,R.D., T.D.,NSC; Dividend Etc. no.15)
(4) Deduction of Chapter VI-A
4. (c) Income from Family Pension Gross* U/s 80C to 80 CCD Rs. 150000+Rs.50000/- U/S
contribution to National Pension Scheme(From
5. Interest on HBL (maximum Rs.200000/30000)
ass year 1617)+Deduction U/s 800 to 801.1
6. Gross total income-(3+4a+4b+4c-5) Section 24(b): Max. limit of HBL int. for construction or
purchasing of house Rs.200000 and for repair/reconstruction
7. Deduction U/S 80C, 80ccc & 80 CCD : of house Rs.30000
Section 80D: Max. Rs.25000 for self and family medical
7.(a) G.P.F. insurance or max rs.5000 for preventive health check-up. An
additional deduction of Rs.25000 is allowed if policy is taken
7.(b) GISS & GIS/ for dependent parents.
Section 80DD:-Deduction of Rs.75000 for maintenance of
7.(C) Life Insurance ETC) disable dependent (disability 40% to 79%).lt may be
Rs.125000 if disability is 80% or above.
Section 80E: Deduction for payment of int. on loan taken for
higher education for self, spouse or child. There is no max.
7.(e) Tuition fees( maximum Rs.100000) limit on this deduction (no limit).
Section 80U: Deduction for person with disability by Rs75000
7.(f) H.B.L.(principal) for disability 40% to 79% and Rs.125000 in case of disability
with 80% or above.
7.(g) N.S.C. New & Interest from Old Section 80DDB: Deduction for medical treatment expenses of
specified diseases like cancer, AIDS, hemophilia, thalassemia
7.(h) Other etc. Max deductable amount is Rs. 40000 and allowed for exp.
Made for self, spouse, dependent children, parents, brothers and
Total Amount from 7a to 7h sisters.
80TTA: Max. deduction is Rs.10000 on interest earned from
8. Total Deduction from 7a to 7h (maximum Rs.150000) their savings accounts.
80TTB: Max. deduction is Rs.50000 on interest earned from
(9) Other Deductions of Chapter Vl- A : Gross their any type of deposits.
9.(a) self Cont. to NPS u/s- 80CCD(1B) Section 80CCD(1B): Deduction for investment with National
Pension scheme. Max. Rs.50000 in addition with deduction u/s-
80c / Ram Dawn
9.(b) Employer Cont. to NPS u/s- (5) Tax rebate U/Section 87A: Tax rebate allowed to those
80CCD(2) persons whose total income /taxable income is up to Rs.
500000.00. Amount of deduction is max. Rs.12500 or tax on
9. (c) Health Insurance & 0th. u/s 80D 12826.00
taxable income whichever is lower.
* *Persons having taxable income (item no.12) more than Rs.
9.(d) Maint. of disable dept. u/s- 80DD 500000 are not eligible to get this rebate.
(6) Amount of HRA deduction for residing in rented
9.(e) Specified medi. Treat..— u/s-80 houseLeast amount of the following (i), (ii) and
DDB (iii) —
(i)Actual amount of HRA received, (ii) Rent paid in excess of
9. (f) Donation - u/s-80G,80GGA 10% of salary and (iii) 50% of salary for metro city and 40%
of salary for other city. (Here Salary means Basic + D.A.)
9.(g) Int. from savs. Bank a/c u/s - 1000.00
80TTA
9.(h) Int. from dep.u/s -80TTB (Seni. Citi.)

9. (i) Physically disabled u/s 80U

10. Total Other Deduction of Chap.-VI 13826.0
—A 0
11. Total Deduction of Chapter VI-A ( 8+10)
12. Total Income/ Taxable Income - ( 6-11 )
13. Tax on Taxable Income- (see right side table)
14. Rebate Of tax u/s 87A (If taxable income up to X. 500000,rebate max. R. 12500)
 15. Tax after Rebate (13-14)
16. Add: Health & Education Cess @ 4% (4% of 15)
17. Total tax Payable- (15+16)
18. Less: Reliefu/s 89(1) (Please attach form IOE)
19. Net Tax Payable- (17-18) Signature of Signature with seal of
Employee Verifier/Head of Inst.
20. Tax deducted from salary by Current employer ( Mar,2023 to
Jan,2024)
21. Tax deducted by other employer/Deductor during 2023-24 (if any)
22. Tax to be deducted from the salary of February,2024
23. Excess of Tax Deduction over Payable (if any) (20+21+22-19)
AS PER NEW REGIME
PARTICULARS FOR COMPUTATION OF INCOME TAX FOR THE FINANCIAL YEAR 2023-2024
Name(in capital):- Mobile No.:
PAN No.. Date of birth:- Email ID :
Vill/Area: - P.S.- Dist.- PIN -
Name of Institute : Designation :
Particulars

l.(a) Gross salary from Current Employerfor Mar. 23 to Feb,24

Tax rate & rules for the Assessment Year -2024-25
(including Arrear & Bonus)
(1) For Individual/HUF:-
1. (b) Gross salaryfrom Previous employer during the year
2023-24 Total Taxable income Tax
1. Gross Salary Income (la+lb) # Up to Rs.300000/- Nil
300001/-to 600000/- 5% of (taxable income —
2. (a) Standard deduction for salary employee- u/s- 16(ia) 300000/-)
600001/- to 900000/- Rs.15000+10% of (taxable
2. (b) Transport allowance to PH employee
income - 600000) 900001/- to 1200000/-
2. (c) Conveyance allowance Rs.45000 + 15% of
2. (d) Travelling allowance & daily allowance on tour/transfer (taxable income- 900000)
1200001/- to 1500000/- Rs.90000 + of
3 . Income Chargeable under the head Salary-(1-2a-2b-2c-2d) (taxable income- 1200000)
1500001/- & above/- Rs.150000 + 30% of
4. Incomefrom other source if any:- (taxable income- 1500000)
You / Ram Dawn
4. (a) Interest from savings Bank, P.O. a/c
4. (b) Interest from F.D.,RD,NSC; Dividend Etc. **
I Health.Edu . Cess @ 4% on Tax after
4. (c) Income from Family Gross • rebate (4% of item no. 11)
Pension (4) Deduction of Chapter VI-A
5. Incomefrom House Properties Section 80CCD(2): Deduction for Employer's
contribution to National Pension System. Max. 14%
6. Gross total income-(3+4a+4b+4c+5)
of Employee's Salary for Central Govt. Employees
and 10% of Employee's Salary for others. Salary
7. Deduction under Chapter VI-A : means Basic and D.A.
(5)
7. (a) Employer's contribution to NPS u/s- 80CCD(2) Tax rebate U/Section 87A: Tax rebate
allowed to those persons whose total income /taxable
8. Total Income / Taxable Income — [ 6-7(a) ] income is up to Rs. 700000.00. Amount of deduction
is max. Rs.25000 or tax on taxable income whichever
9. Tax on Taxable Income- (see right side table) is lower.
* *Persons having taxable income (item no.8) more
10. Rebate of tax u/s 87A (If taxable income is up than
to Rs.
Rs. 700000 are not eligible to get this rebate.
700000, rebate max.Rs. 25,000)
11. Tax after Rebate (9-10)
12. Add: Health & Education Cess @ 4% (4% of 11)
I do here by declare that the
13. Total tax Payable- (11+12)
14. Less: Reliefu/s 89(1) (Please attach form IOE)
information given above are true and
15. Net Tax Payable- (13-14)
correct to the best of my knowledge
16. Tax deducted from salary by Current employer and beliefs.
( From salary of Apr,2023 to Jan,2024)
17. Tax deducted by 0th. employer/Deductor during 23-24
(ifany) YOIC / Ram Dawn
18. Tax to be deducted from the salary of February,2024
19. Excess of Tax Deduction over Payable (if any) (16+17+18- Signature of Employee
15)
 Signature with seal of
Verifier/Head of the Institute