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Income Tax Computation AY 2016-17

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PIYUSH PAHADIYA
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0% found this document useful (0 votes)
40 views2 pages

Income Tax Computation AY 2016-17

Uploaded by

PIYUSH PAHADIYA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WOS-1U-145

Assessee Name: MR. ANOOP JAIN


Father's Name: ANAND JAIN
Address : 195, ASIAN ARCADE
B K SINDHI COLONY ROAD
MEAR SUYOG HOSPITAL
INDORE - 452001
Mobile Number: 9329221490
E-mail : piyushpahadia@hotmail.com
PAN : AHYPJ2982M
Date of Birth: 20/05/1983
Assessment Year : 2016-17 Residential Status : Resident
Previous Year : 01-04-2015 To 31-03-2016 Due Date of Return : 31/07/2016
Ward/Circle/Range: DCIT/ACIT 1(1), INDORE (BPL C 51 1)
Status : 01 » Individual
Bank A/c Details : Saving A/c# 91601509417 Bank: ICICI BANK IFSC: ICIC0000916 MICR: 452229004
Saving A/c# 50287616882 Bank: ALLAHABAD BANK IFSC: ALLA0210527 MICR: 462010013

[10203] Page: 1
------------------------------------------------------------------------------
Rs. Rs. Rs.
COMPUTATION OF INCOME
INCOME FROM SALARY
From OMKAR TRADE EXIM P. LTD.
INDORE 240000
- SALASAR STEEL AND PROFILE INDUSTRIES 240000
------ 480000
Less: Allowances u/s 10
House rent allowance 36000
CONVEYANCE ALLOWANCE 19200
----- (-)55200
------ 424800
INCOME FROM OTHER SOURCES
INCOME FROM INTEREST
Interest from Saving Bank A/c
SAVING BANK 9935
---- 9935
------------------------------------------------------------------------------
SUMMARY OF TOTAL INCOME
Income from Salary 424800
Income from Other Sources
Income from Interests 9935
---- 9935
------
GROSS TOTAL INCOME 434735
Less: Deductions under chapter VI-A
Deduction u/s 80-C
School/College Tuition Fee paid for Chil 18000
18000
Life Insurance Premium (LIP) 75000
Allowable Deduction u/s 80-C ----- 93000
Deduction u/s 80-D
Medical Insurance Premium 5955
Allowable Deduction u/s 80-D ---- 5955
Deduction u/s 80-TTA
Interest from Saving Bank A/c 9935
------------------------------------------------------------------------------
MR. ANOOP JAIN (A.Y.2016-17) Page: 2
------------------------------------------------------------------------------
Rs. Rs. Rs.
Allowable Deduction u/s 80-TTA ---- 9935
------
Total Deductions under chapter VI-A (-)108890
------
NET TOTAL INCOME 325845
ROUNDED OFF 325850
======
------------------------------------------------------------------------------
CALCULATION OF TAX
(CASE OF MALE)
Tax on Total Income 7585
Less: Rebate u/s 87A (-)2000
----
Net Tax 5585
Add: Education Cess.... @ 2.00% 112
Secondary & Higher Edu.Cess.... @ 1.00% 56
----
5753
Add: Interest u/s 234-A for 6 months @1.00% 342

Net Tax Payable 6095


ROUNDED OFF 6100
==============================================================================
LIST OF DOCUMENTS ATTACHED
(a) Computation of Income & Tax 1 (b) Self Assessment challan receipt 1
(c) Life Insurance Premium Receipt 1 (d) Medical Insurance Premium Recpt. 1
(e) Salary Certificate 1
==============================================================================
Calculation of House Rent Allowance u/s 10(13A)
Basic Pay (Salary including D.A.) 240000
House Situated at (M)etro or (O)ther city Other
House Rent Received 120000
Actual Rent Paid 60000
(a) two-fifth of Basic Pay 96000
(b) Actual amount of H.R.A. received 120000
(c) Actual rent paid over 10% of Basic Pay 36000
House Rent Allowance allowed [least of (a), (b) or (c)] 36000
==============================================================================
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