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Sneh Old

Sneh Srivastava, an individual taxpayer for the assessment year 2024-2025, has a total income of ₹577,100 after deductions. Her gross salary is ₹850,000 with deductions under Chapter VIA amounting to ₹222,904. The tax payable after TDS is ₹2,480, and there is no advance tax liability as the tax payable is below ₹10,000.
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0% found this document useful (0 votes)
29 views2 pages

Sneh Old

Sneh Srivastava, an individual taxpayer for the assessment year 2024-2025, has a total income of ₹577,100 after deductions. Her gross salary is ₹850,000 with deductions under Chapter VIA amounting to ₹222,904. The tax payable after TDS is ₹2,480, and there is no advance tax liability as the tax payable is below ₹10,000.
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NAME OF ASSESSEE : SNEH SRIVASTAVA

PAN : DHXPS8536Q
FATHER'S NAME : BIPIN KUMAR SRIVASTAVA
OFFICE ADDRESS : 208001
RESIDENTIAL ADDRESS : 11/45, RATAN LAL NAGAR, KANPUR, UTTAR PRADESH-208001
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2024 - 2025
WARD NO : FINANCIAL YEAR : 2023 - 2024
GENDER : FEMALE DATE OF BIRTH : 16/06/1989
EMAIL ADDRESS : sneh@gmail.com
RESIDENTIAL STATUS : RESIDENT
NAME OF BANK : CENTRAL BANK OF INDIA
IFSC CODE : CBIN0280163
ADDRESS : SISAMAU KANPUR
ACCOUNT NO. : 3253690822
OPTED FOR TAXATION : NO
U/S 115BAC
RETURN : ORIGINAL

COMPUTATION OF TOTAL INCOME

SALARIES 800000

CENTRAL BANK OF INDIA


GROSS SALARY 850000
LESS: STANDARD DEDUCTION U/S 16(ia) 50000
TAXABLE SALARY 800000

GROSS TOTAL INCOME 800000

LESS DEDUCTIONS UNDER CHAPTER-VIA


80C DEDUCTION 150000
80CCD(2) CONTRIBUTION TO PENSION SCHEME BY 50000
EMPLOYER
80D MEDICAL INSURANCE PREMIA 22904
- HEALTH INSURANCE (SELF AND FAMILY) 22904
TOTAL DEDUCTIONS 222904
TOTAL INCOME 577096
TOTAL INCOME ROUNDED OFF U/S 288A 577100

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 250000 NIL
TAX ON RS. 250000 (500000-250000) @ 5% 12500
TAX ON RS. 77100 (577100-500000) @ 20% 15420
TAX ON RS. 577100 27920
27920
ADD: HEALTH AND EDUCATION CESS @ 4% 1117
29037
LESS TAX DEDUCTED AT SOURCE
SECTION 192: SALARY 26559 26559
2478

TAX PAYABLE 2478


TAX ROUNDED OFF U/S 288B 2480

CALCULATION OF DEDUCTION U/S 80CCD(1) AND 80CCD(2)


DEDUCTION U/S 80CCD(2) OF RS. 50000 (MINIMUM OF 14% OF SALARY [850000 X 14% =
119000 ] AND 50000)
DETAIL OF DEDUCTION U/S 80C
80 -c 150000
TOTAL 150000

Note: No Advance Tax Liability [Tax Payable is less than Rs. 10000 as per section 208].

Details of Tax Deducted at Source from Salary


Sl. No. Tax Deduction Name of the Employer Date of Tax Income Total tax
Account Number Deducted chargeable deducted
(TAN) of the under Salaries
Employer
192 : Salary
1. MUMC11478F CENTRAL BANK OF INDIA 31/12/2023 65174 3140
2. MUMC11478F CENTRAL BANK OF INDIA 30/11/2023 63169 2927
3. MUMC11478F CENTRAL BANK OF INDIA 31/10/2023 61979 2486
4. MUMC11478F CENTRAL BANK OF INDIA 30/09/2023 61453 2399
5. MUMC11478F CENTRAL BANK OF INDIA 31/08/2023 61453 2341
6. MUMC11478F CENTRAL BANK OF INDIA 31/07/2023 60440 2079
7. MUMC11478F CENTRAL BANK OF INDIA 30/06/2023 91464 8321
8. MUMC11478F CENTRAL BANK OF INDIA 31/05/2023 60440 1681
9. MUMC11478F CENTRAL BANK OF INDIA 30/04/2023 79978 1185
Grand Total 605550 26559

Details of Taxpayer Information Summary


S. Information Category Income Head Section Processed Derived As per Difference As per Difference
N. Value Value Computation/ 26AS
ITR
(1) (2) (3) (4) (5) (6) (7)=(5)-(6) (8) (9)=(8)-(6)
1 Salary Salary 192 605550.00 605550.00 850000.00 -244450.00 605550.00 -244450.00
2 Sale of securities and Capital Gain 5510.00 5510.00 0.00 5510.00
units of mutual fund
3 Purchase of securities 12000.00 12000.00
and units of mutual
funds

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