ANNEXURE - II / FORM 16

Calculation Sheet of Income Tax Year 2024-25 For Assessment Year 2025-26
Name of the Institution :- ZILHA PARISHAD HINDI UPPER PRIMARY SCHOOL NAVEGAON
Employees Name:- SHRI.SURESH GOPICHAND MACHHIRKE
Designation: ASSISTANT TEACHER
TAN NO. OF INSTITUTE NGPH03995F PAN No: AHEPM9897J Gender : MALE
1 Total Salary Including allowances (as per details overleaf) Rs 1284123
2 Less Convenience Allowances VA/NA u/s 10 (14) (ii) Rs 31799
3 Standerd Deducation u/s16 (iii) 50000
Chief Minister Fund 0
Profession Tax -100% Rs 2500
4 H.R.A 70596
5 Deduction u/s 80CCD(2)(NPS gov 14%)
6 Income From Salary (1-2-3-4-5) Rs 1129228
7 Less : Interest paid on housing loan (For self occupied proprty only) 165588
Upto Rs 1,50,000 for loan taken after 1-4-1999
This is deductible after complietion of construction
8 Add : Income from Sources
Bank Interest 0
Interest accrued on N.S.C 0
Other Interest &Dividend from Co-operative sector
9 Gross Total Income (5-6+7) Rs 963640
10 Deducation
a) Deducation of contribution to centain pension funds (SCE 8 CCC) 0
b) Deducation u/s 80 G- 100 % Donation paid 250000
c) Deducation u/s 80 D for Mediclaim insurance (limit upto Rs 25000) 0
d) Deducation u/s 80 DD for Medical Expenses for dependent Rs 50000 0
e) Deducation u/s 80 U for Handicapped assessee Rs 75000 0
f) Interest paid on education loan for self ,wife and children 0
g) deduction u/s 80CCD (UPTO 50000) 0
Total Gross Deducation Rs. 250000
11 Less Deducation u/s 80 C.(Maximum Savings upto Rs 1,50,000)
a) GPF 96000
b) L.I.C , 103546
c) P.P.F./ P.L.I./sbi life/max life 0
d) N.S.C Purchased 0
e) Accrued Interest on NSC 0
f) GIS 4320
g) Housing Loan Repayment 118558
h) Tution fees paid for two children 0
i) Bank Fixed deposit (Above 5 years) 0
j) Shares & Debenture of company engaged in infrasturctural facility ,units of mutual Fund 0
k) SUKNYA 0
Total Deducation 322424 Rs 150000
12 TOTAL TAXABLE INCOME (7-8-9) Rs 563640
a) 0% - 0 to 2,50,000 250000 NO TAX
b) 5% - 2,50,001 to 5,00,000 250000 12500
c) 20% - 5,00,001 to 10,00,000 63640 12728
d) 30% - Above 10,00,001 0 0
13 Tax on Total Income Rs 25228
14 TOTAL TAX PAYABLE Rs 25228
15 Rs.12,500/- Rebate On Taxable Income upto 5,00,000 (Section 87A) Rs 0
16 Total Tax Payable (13-14) Rs 25228
17 Education Cess 4% I T under14 above Rs 1009
18 Total Tax Payable (15+16) Rs 26237
19 Income Tax deducated Rs 0
20 Balance of tax payable (17-18) 26237
Place :
Date : 16-May-2025 Certified that the above Information is correct

Signature of Employee Signature of Head of Institution / office