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Computation

The document compares the tax liability of the assessee, Yogesh Pandey, under the Old Tax Regime and the New Tax Regime for the assessment year 2025-2026. It details income sources, deductions, and the resulting tax payable, highlighting that the total tax under the Old Regime is ₹75,991 while under the New Regime it is ₹102,789. Additionally, it includes personal and financial information about the assessee, as well as relevant tax calculations and exemptions.

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4 views9 pages

Computation

The document compares the tax liability of the assessee, Yogesh Pandey, under the Old Tax Regime and the New Tax Regime for the assessment year 2025-2026. It details income sources, deductions, and the resulting tax payable, highlighting that the total tax under the Old Regime is ₹75,991 while under the New Regime it is ₹102,789. Additionally, it includes personal and financial information about the assessee, as well as relevant tax calculations and exemptions.

Uploaded by

yogesh pandey
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
You are on page 1/ 9

Taxability Old Regime v/s New Regime

Name of Assessee YOGESH PANDEY


Assessment Year 2025-2026
Income Details Old Scheme New Scheme (Section 115 BAC)
Salary Income 1315499 1290499
House Property Income -200000 0
Business Income 0 0
Capital Gain Income 0 0
Other Sources Income 3681 3681
Gross Total Income 1119180 1294180
Deduction 316342 0
Total Income 802838 1294180
Tax Payable 73068 98836
Surcharge 0 0
Education Cess 2923 3953
Total Tax 75991 102789
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

Name of Assessee YOGESH PANDEY


Father's Name HARIDUTT PANDEY
Address B-204, Nimbus Flats,B/h Punja bhai Park , Gotri
Road,Vadodara,VADODARA,GUJARAT,390021
E-Mail yogesher786@gmail.com
Status Individual Assessment Year 2025-2026
Ward Year Ended 31.3.2025
PAN BCQPP8841K Date of Birth 22/06/1991
Residential Status Resident Gender Male
Filing Status Original
Last Year Return Filed On 25/06/2024 Acknowledgement No.: 499865920250624
Last Year Return Filed u/s Normal
Aadhaar No: 602406779313 Mobile No Linked with Aadhaar
Bank Name STATE BANK OF INDIA, , A/C NO:20301905501 ,Type: ,IFSC:
SBIN0004220, Prevalidated : Yes, Nominate for refund : Yes
Tele: Mob:9450391423

Computation of Total Income [As per Normal Provisions]

Income from Salary (Chapter IV A) [12,90,499] 13,15,499


INFINITE UPTIME INDIA PRIVATE LIMITED
Employer Status: Other
SR.NO.167/1, 168/ VASUNDHARA SPACE,, pune
MADHYA PRADESH-411007
Salary 6,49,949
Leave Encashment 65,630
Bonus 72,191
House Rent Allowance 5,77,729
Leave Travel Allowance 1,44,439
15,09,938
Less:
Leave Travel allowance Exempt(Sec 10(5)) [NIL] 1,44,439
1,44,439
13,65,499
Less: Standard Deduction u/s 16(ia) 50,000
13,15,499

Income from House Property (Chapter IV C) [0] -2,00,000

Self Occupied Property


RAJESH TOWER ROAD VADODARA(GUJARAT)-
390021
Interest u/s 24(b) (331644) [NIL] -2,00,000

Income from Other Sources (Chapter IV F) [3,681] 3,681

Interest From Saving Bank A/c(as per Annexure) 2,437

Page 2
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

Dividend From Shares 1,244


3,681

Gross Total Income 11,19,180

Less: Deductions (Chapter VI-A) [0]


u/s 80C
ULIP 36,000
P.P.F. 77,000
P.F. 21,600
House Loan 19,644
Total 1,54,244
1,50,000
u/s 80TTA (Interest From Saving Bank Account.) 2,437
u/s 80EEA (interest on loan taken for residential house 1,31,644
property Rs. 131644/-)
u/s 80D
Own Family Medical Insurance Premium 7,261
Parents Medical Insurance Premium 76,065
Total Payment Rs. 83,326
32,261
3,16,342
Total Income 8,02,838
Round off u/s 288 A 8,02,840
Income Exempt u/s 10 1,44,439
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due 73,068


Health & Education Cess (HEC) @ 4.00% 2,923
75,991
T.D.S./T.C.S 1,31,923
-55,932
Refundable (Round off u/s 288B) 55,930

Tax calculation on Normal income of Rs 8,02,840/-


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 8,02,840 = 3,02,840 @20% = 60,568
Total Tax = 73,068

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


Salary(as per Annexure) 1,31,923

Details of Exempt Income


S.No. Particulars Amount
Page 3
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

INFINITE UPTIME INDIA PRIVATE LIMITED


1 Leave Travel allowance 144439

Total 144439
Due Date for filing of Return July 31, 2025
Due date extended to 15/09/2025 Circular No. 06/2025 Dt 27-May-2025
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 1315499 200000 NIL NIL 1115499
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
Other Sources 3681 NIL NIL 3681
Total Loss Set off 200000 NIL NIL
Loss Remaining after NIL NIL NIL
set off
Statement of Short term Gain losses Brought/Carried Forward
Assessment Year Brought Forward Set off Carried Forward
2022-2023(30/07/2022) 106777 0 106777
Total 106777 0 106777

Statement of Long term Gain losses Brought/Carried Forward


Assessment Year Brought Forward Set off Carried Forward
2024-2025(25/06/2024) 58 0 58
Total 58 0 58

Bank Account Detail


S.N Bank Address Account No IFSC Code Type Prevalidated Nominate for
. refund
1 STATE BANK OF INDIA 20301905501 SBIN0004220 (Primary) Yes Yes

Details of Interest From Bank


S.NO. PARTICULARS AMOUNT
1 STATE BANK OF INDIA 2411
2 THE HONGKONG AND SHANGHAI BANKING CORPORATION LI 26
TOTAL 2437

Details of Dividend From Shares


S.NO. PARTICULARS AMOUNT
1 NMDC LIMITED 345
2 HINDUSTAN UNILEVER LIMITED 261
3 HDFC BANK LIMITED 234
Page 4
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

4 APTUS VALUE HOUSING FINANCE INDIA LIMITED 124


5 DELTA CORP LIMITED 95
6 HDB FINANCIAL SERVICES LIMITED 50
7 SBI FUNDS MANAGEMENT PRIVATE LIMITED 44
8 ASIAN PAINTS LIMITED 43
9 P I INDUSTRIES LIMITED 30
10 CLEAN SCIENCE AND TECHNOLOGY LIMITED 18
TOTAL 1244

Details of ULIP
S.NO. PARTICULARS AMOUNT
1 ELSS 36000
TOTAL 36000

Details of P.P.F.
S.NO. PARTICULARS AMOUNT
1 PPF 77000
TOTAL 77000

Details of Repayment of House Installment


S.NO. PARTICULARS AMOUNT
1 Home loan 19644
TOTAL 19644

Details of P.F.
S.NO. PARTICULARS AMOUNT
1 PF 21600
TOTAL 21600

Details of T.D.S. on Salary(26 AS Import Date:05 Aug 2025)


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 INFINITE UPTIME INDIA PRIVATE LIMITED PNEI07696D 1509938 131923
TOTAL 1509938 131923

Details of Taxpayer Information Summary (TIS)


S.NO INFORMATION CATEGORY DERIVED As Per Computation Difference
. VALUE(Rs.)
1 Dividend 1244 Dividend From Shares 1244 NIL
2 Interest from savings bank 2437 Interest from saving bank 2437 NIL
a/c
3 Purchase of securities and units of mutual funds 554289
4 Salary 1509938 INFINITE UPTIME INDIA 1509938 NIL
PRIVATE LIMITED
5 Sale of securities and units of mutual fund 834426

INFINITE UPTIME INDIA PRIVATE LIMITED


Taxable Value of House Rent Allowance
Actual House Rent Allowance 577729

Page 5
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

Less: Exempt u/s 10(13A) to The Extent of Least of The Following:


1. Excess of Rent Paid Over 10% of Salary (15000-64994) 0
2. 40% of Salary 259979
3. Actual Hra Received 577729 0
Taxable Value of House Rent Allowance 577729
Note: Salary=649949

Signature
(YOGESH PANDEY)
CompuTax : 115 [YOGESH PANDEY],Group Code :CLIENTS
Dalwadi & Associates Chartered Accountants

Page 6
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

Name of Assessee YOGESH PANDEY


Father's Name HARIDUTT PANDEY
Address B-204, Nimbus Flats,B/h Punja bhai Park , Gotri
Road,Vadodara,VADODARA,GUJARAT,390021
E-Mail yogesher786@gmail.com
Status Individual Assessment Year 2025-2026
Ward Year Ended 31.3.2025
PAN BCQPP8841K Date of Birth 22/06/1991
Residential Status Resident Gender Male
Filing Status Original
Last Year Return Filed On 25/06/2024 Acknowledgement No.: 499865920250624
Last Year Return Filed u/s Normal
Aadhaar No: 602406779313 Mobile No Linked with Aadhaar
Bank Name STATE BANK OF INDIA, , A/C NO:20301905501 ,Type: ,IFSC:
SBIN0004220, Prevalidated : Yes, Nominate for refund : Yes
Tele: Mob:9450391423

Computation of Total Income [As per Section 115BAC (New Tax Regime)]

Income from Salary (Chapter IV A) 12,90,499


INFINITE UPTIME INDIA PRIVATE LIMITED
Employer Status: Other
SR.NO.167/1, 168/ VASUNDHARA SPACE,, pune
MADHYA PRADESH-411007
Salary 6,49,949
Leave Encashment 65,630
Bonus 72,191
House Rent Allowance 5,77,729
Leave Travel Allowance 1,44,439
15,09,938
Less:
Leave Travel allowance Exempt(Sec 10(5)) 1,44,439
1,44,439
13,65,499
Less: Standard Deduction u/s 16(ia) 75,000
12,90,499

Income from House Property (Chapter IV C) Nil

Self Occupied Property


RAJESH TOWER ROAD VADODARA(GUJARAT)-
390021
Interest u/s 24(b) (331644) -2,00,000
(Not allowed due to section 115BAC)

Income from Other Sources (Chapter IV F) 3,681

Page 7
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

Interest From Saving Bank A/c(as per Annexure) 2,437


Dividend From Shares 1,244
3,681

Gross Total Income 12,94,180

Less: Deductions (Chapter VI-A)


u/s 80C
ULIP 36,000
P.P.F. 77,000
P.F. 21,600
House Loan 19,644
Total 1,54,244
1,50,000
u/s 80D
Own Family Medical Insurance Premium 7,261
Parents Medical Insurance Premium 76,065
Total Payment Rs. 83,326
Allowable Deduction(Assessee has opted New Tax 0
regime. Only deductions u/s 80CCD(2), 80CCH(2),
80JJAA are allowable [Refer 115BAC (2)(i)])
Total Income 12,94,180
Round off u/s 288 A 12,94,180
Income Exempt u/s 10 1,44,439
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due (Exemption Limit Rs. 300000) 98,836


Health & Education Cess (HEC) @ 4.00% 3,953
1,02,789
T.D.S./T.C.S 1,31,923
-29,134
Refundable (Round off u/s 288B) 29,130

Tax calculation on Normal income of Rs 12,94,180/-


Exemption Limit :3,00,000
Tax on (7,00,000 -3,00,000) = 4,00,000 @5% = 20,000
Tax on 7,00,001 To 10,00,000 = 3,00,000 @10% = 30,000
Tax on 10,00,001 To 12,00,000 = 2,00,000 @15% = 30,000
Tax on 12,00,001 to 12,94,180 = 94,180 @20% = 18,836
Total Tax = 98,836

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


Salary(as per Annexure) 1,31,923

Details of Exempt Income


Page 8
NAME OF ASSESSEE : YOGESH PANDEY A.Y. 2025-2026 PAN : BCQPP8841K Code :115,Group Code
:CLIENTS

S.No. Particulars Amount


INFINITE UPTIME INDIA PRIVATE LIMITED
1 Leave Travel allowance 144439

Total 144439
Due Date for filing of Return July 31, 2025
Due date extended to 15/09/2025 Circular No. 06/2025 Dt 27-May-2025
Statement of Short term Gain losses Brought/Carried Forward
Assessment Year Brought Forward Set off Carried Forward
2022-2023(30/07/2022) 106777 0 106777
Total 106777 0 106777

Statement of Long term Gain losses Brought/Carried Forward


Assessment Year Brought Forward Set off Carried Forward
2024-2025(25/06/2024) 58 0 58
Total 58 0 58

CompuTax : 115 [YOGESH PANDEY],Group Code :CLIENTS


Dalwadi & Associates Chartered Accountants

Page 9

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