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Computation Revision

Pravati Santara, a resident individual, has filed their income tax return for the assessment year 2024-2025 with a total income of ₹9,71,550 after deductions. The tax due is ₹1,06,810, with a refundable amount of ₹66,250 after TDS adjustments. The return includes income from salary, house property, and other sources, along with details of exempt income and deductions claimed.

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0% found this document useful (0 votes)
67 views3 pages

Computation Revision

Pravati Santara, a resident individual, has filed their income tax return for the assessment year 2024-2025 with a total income of ₹9,71,550 after deductions. The tax due is ₹1,06,810, with a refundable amount of ₹66,250 after TDS adjustments. The return includes income from salary, house property, and other sources, along with details of exempt income and deductions claimed.

Uploaded by

jv.pravati
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Name of Assessee PRAVATI SANTARA

Father's Name JAGANNATH SANTARA


Address PLOT 25,VENKATARAM NAGAR COLONY,KARKHANA,LM GUNROCK
HIGH SCHOOL,SECUNDERABAD,TELANGANA,500009
E-Mail JV.PRAVATI@GMAIL.COM
Status Individual Assessment Year 2024-2025
Ward Year Ended 31.3.2024
PAN DYPPS3835B Date of Birth 29/05/1985
Residential Status Resident Gender Male
Original Return 14/07/2024 Acknowledgement No: 704319780140724
Last Year Return Filed On 07/07/2023 Acknowledgement No.: 387357410070723
Last Year Return Filed u/s Normal
Aadhaar No: 540527202328 Mobile No Linked with Aadhaar
Bank Name AXIS BANK, , A/C NO:915010011500113 ,Type: ,IFSC: UTIB0000008,
Prevalidated : Yes, Nominate for refund : Yes
Tele: Mob:9908056636

Computation of Total Income (revised) [As per Normal Provisions]

Income from Salary (Chapter IV A) 13,96,551

SS&C FINTECH SERVICES INDIA PRIVATE LIMITED


Employer Status: Other
Salary 15,83,945
Others 46,378
16,30,323
Less:
House Rent Allowance (Form 16) Exempt 1,54,972
Other Allowance (Form 16) Exempt 26,400
1,81,372
14,48,951
Less: Standard Deduction u/s 16(ia) 50,000
Professional Tax u/s 16(iii) 2,400
52,400
13,96,551

Income from House Property (Chapter IV C) -2,00,000

Self Occupied Property


Interest u/s 24(b) (200000) -2,00,000

Income from Other Sources (Chapter IV F) 9,945

Interest From Saving Bank A/c(as per Annexure) 9,945

Gross Total Income 12,06,496

Less: Deductions (Chapter VI-A)


u/s 80C
L.I.P. 1,50,000
1,50,000
NAME OF ASSESSEE : PRAVATI SANTARA A.Y. 2024-2025 PAN : DYPPS3835B Code :042

u/s 80CCD(1B) (Investment Rs. 50000/-) 50,000


u/s 80TTA (Interest From Saving Bank Account.) 9,945
u/s 80D
Own Family Medical Insurance Premium 26,500
Total Payment Rs. 26,500
25,000
2,34,945
Total Income 9,71,551
Round off u/s 288 A 9,71,550
Income Exempt u/s 10 1,81,372
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due 1,06,810


Health & Education Cess (HEC) @ 4.00% 4,272
1,11,082
T.D.S./T.C.S 1,77,328
-66,246
Refundable (Round off u/s 288B) 66,250

Tax calculation on Normal income of Rs 9,71,550/-


Exemption Limit :2,50,000
Tax on (5,00,000 -2,50,000) = 2,50,000 @5% = 12,500
Tax on 5,00,001 to 9,71,550 = 4,71,550 @20% = 94,310
Total Tax = 1,06,810

T.D.S./ T.C.S. From


Salary(as per Annexure) 1,77,328

Details of Exempt Income


S.No. Particulars Amount
SS&C FINTECH SERVICES INDIA PRIVATE LIMITED
1 House Rent Allowance (Form 16) Exempt 154972
2 Other Allowance (Form 16) Exempt 26400

Total 181372
Due Date for filing of Return July 31, 2024
Statement of Current Year Loss Adjustment
Head/Source of Income Current Year House Property Business Loss of Other Sources Current Year Income
Income Loss of the the Current Year Loss of the Remaining after Set
Current Year Set Set off Current Year Set off
off off
Loss to be adjusted 200000
Salary 1396551 200000 NIL NIL 1196551
House Property NIL NIL NIL NIL
Business NIL NIL NIL NIL
Speculation Business NIL NIL NIL NIL NIL
Short term Capital Gain NIL NIL NIL NIL NIL
Long term Capital Gain NIL NIL NIL NIL NIL
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NAME OF ASSESSEE : PRAVATI SANTARA A.Y. 2024-2025 PAN : DYPPS3835B Code :042

Other Sources 9945 NIL NIL 9945


Total Loss Set off 200000 NIL NIL
Loss Remaining after NIL NIL NIL
set off

Bank Account Detail


S.N Bank Address Account No IFSC Code Type Prevalidated Nominate for
. refund
1 AXIS BANK 915010011500113 UTIB0000008 (Primary) Yes Yes

Details of Interest From Bank


S.NO. PARTICULARS AMOUNT
1 THE HONGKONG AND SHANGHAI BANKING CORPORATION LI 8261
2 ICICI BANK LIMITED 632
3 HDFC BANK LIMITED 502
4 POSTMASTER GENERAL CHENNAI CITY REGION 387
5 AXIS BANK LIMITED 163
TOTAL 9945

Details of T.D.S. on Salary(26 AS Import Date:12 Jul 2024)


S.No Name of the employer Tax deduction A/C No. of Income chargeable Tax deducted at source
the deductor under the head Salaries u/s. 192(1)
1 SS&C FINTECH SERVICES INDIA PRIVATE HYDI00545G 1630323 177328
LIMITED
TOTAL 1630323 177328

Details of Taxpayer Information Summary (TIS)


S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Interest from savings bank 9945 Interest from saving bank 9945 NIL
a/c
2 Purchase of securities and units of mutual funds 177492
3 Salary 1630323 SS&C FINTECH 1630323 NIL
SERVICES INDIA
PRIVATE LIMITED

Signature
(PRAVATI SANTARA)
Date-12.12.2024
CompuTax : 042 [PRAVATI SANTARA]

Page 3

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