Scribd Logo
Upload

Welcome to Scribd!

  • 277 views

    Form No 16 (By Sagar Goyal)

    Uploaded by

    sagar
    1. This document is a Form 16 certificate issued under Section 203 of the Income Tax Act of 1961 for taxes deducted at source from the salary of Mr. Sahane C.S., a lecturer at Sangamner College. 2. It provides details of Mr. Sahane's salary for the assessment year 2018-2019, including a gross salary of Rs. 11,70,170, exempted allowances, deductions, and other income totaling Rs. 9,88,870 of gross total income. 3. After deductions under Chapter VIA totaling Rs. 2,45,000, Mr. Sahane's total income was Rs. 7,43,870 with a tax payable

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Form No 16 (By Sagar Goyal)

    Uploaded by

    sagar
    277 views3 pages
    1. This document is a Form 16 certificate issued under Section 203 of the Income Tax Act of 1961 for taxes deducted at source from the salary of Mr. Sahane C.S., a lecturer at Sangamner College. 2. It provides details of Mr. Sahane's salary for the assessment year 2018-2019, including a gross salary of Rs. 11,70,170, exempted allowances, deductions, and other income totaling Rs. 9,88,870 of gross total income. 3. After deductions under Chapter VIA totaling Rs. 2,45,000, Mr. Sahane's total income was Rs. 7,43,870 with a tax payable

    Original Description:

    Form No 16

    Original Title

    Form No 16 (by Sagar Goyal)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. This document is a Form 16 certificate issued under Section 203 of the Income Tax Act of 1961 for taxes deducted at source from the salary of Mr. Sahane C.S., a lecturer at Sangamner College. 2. It provides details of Mr. Sahane's salary for the assessment year 2018-2019, including a gross salary of Rs. 11,70,170, exempted allowances, deductions, and other income totaling Rs. 9,88,870 of gross total income. 3. After deductions under Chapter VIA totaling Rs. 2,45,000, Mr. Sahane's total income was Rs. 7,43,870 with a tax payable

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    277 views3 pages

    Form No 16 (By Sagar Goyal)

    Uploaded by

    sagar
    1. This document is a Form 16 certificate issued under Section 203 of the Income Tax Act of 1961 for taxes deducted at source from the salary of Mr. Sahane C.S., a lecturer at Sangamner College. 2. It provides details of Mr. Sahane's salary for the assessment year 2018-2019, including a gross salary of Rs. 11,70,170, exempted allowances, deductions, and other income totaling Rs. 9,88,870 of gross total income. 3. After deductions under Chapter VIA totaling Rs. 2,45,000, Mr. Sahane's total income was Rs. 7,43,870 with a tax payable

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    FORM NO.

    16
    [See rule 31(1)(a)]
    CERTIFICATE UNDER SECTION 203 OF THE INCOME-TAX ACT, 1961
    FOR TAX DEDUCTED AT SOURCE FROM INCOME CHARGEABLE UNDER THE
    HEAD 'SALARIES'

    Name and address of the employer Name and designation of the employee
    SANGAMNER COLLEGE, SHRI. SAHANE C.S.
    SANGAMNER LECT. IN COMMERCE.
    DIST. AHMEDNAGAR.
    PAN/GIR No. |TAN PAN/GIR No.
    AAEPS 6313/N |TAN015Nsk AAEPS6313N.
    TDS Circle Where Annual Return/Statement Period
    Under Section 206 Is To Be Filed.
    Assessment Year 2018-2019
    AHMEDNAGAR From 1-04-2017 to 31-03-2018
    DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED

    1. Gross Salary AMOUNT AMOUNT AMOUNT


    (a) Salary as per provisions contained in section
    17(1) 11,70,170
    (b) Value of perquisites under section 17(2) (as per
    Form No. 12BA, wherever applicable) ----------
    (c) Profits in lieu of salary under section 17(3) (as
    per Form No. 12BA, wherever applicable) ----------
    (d) Total 11,70,170
    2. Less: Allowance to the extent exempt under
    section 10 (1) H.R.A 0000
    (2) Transport allow 38,400 38,400
    3. Balance (1-2) 11,31,770
    4. Deductions: (u/s 16)
    (a) Standard deduction (N.A.) 0000
    (b) Entertainment allowance (N.A.)
    (c) Tax on employment 2,400
    5. Aggregate of 4(a) to (c) (-)2,400
    6. Income chargeable under the head 'salaries' (3- 11,29,370
    5)
    7. Add: Any other income reported by the
    employee
    Loss-S.O.H.P. ………….. (-)1,72,000
    --OTHER SOURCE….. + 31,500

    MADE BY SAGAR GOYAL [email protected]


    8. Gross total income (6 + 7) 9,88,870
    9. Deductions under Chapter VIA
    (A)Section 80C,80CCC and 88CCD Gross Qualifying Deductible
    Amount Amount Amount
    (a) Qualifying saving u/s Section 80C 2,17,677 2,17,677 1,50,000
    (b) Equity saving scheme u/s 80CCG 40,000 40,000 20,000
    (c) Handicapped (section 80u) Rs... 75,000 75,000
    (d) Section 80CCC
    (e) Section 80CCD
    (B) Other Section Gross amount Qualifying Deductible Deductible
    amount amount Amount
    (a) Section80G
    (b) Section80GG
    (c) Section80D
    (d) Section80DD
    (e) Other

    10. Aggregate of deductible amount under Chapter (-)2,45,000


    VIA
    11. Total Income(8-10) 7,43,870
    12. Amount qualify for deduction under Section 80C
    a.) R.P.F. Rs.98,177 98,177 98,177
    b.) L.I.P. Rs.27,000 27,000 27,000
    c.) Loan Rs.54,500 54,500 54,500
    d.) N.S.C. Rs.25,000 25,000 25,000
    e.) Interest on N.S.C. Rs.13,000 13,000 13,000
    13. Total (a) to (b) 2,17,677 2,17,677 11,50,000
    14. Education Cess
    15. Tax Payable + Surcharge And Education Cess 75,987
    Thereon
    16. Relief under section 89 (attach details)
    17. Tax payable (15-16)
    18. Less: (a) Tax deducted at source under section 75,987
    192(1)
    (b) Tax paid by the employer on behalf of the
    employee under section 192(1) on perquisites under
    section 17(2)
    Tax deducted by other employer
    19. Tax payable / refundable (17 - [18(a)+18(b)]) NIL
    0.00

    DETAILS OF TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT


    Amount Date Of Payment Name Of Bank And Branch Where
    Tax Deposited

    Rs. 75,987 Tax Deducted At Rs State Bank Of India.


    6500PM. And Rs. 4487 In Branch, Sangamner.
    March 2017, Deposited
    From Time To Time.
    MADE BY SAGAR GOYAL [email protected]
    I SHRI DESHMUKH SUGANDH Son Of DESHMUKH ARUN Working In The Capacity Of Principal
    (Designation) Do Hereby Certify That A Sum Of Rs.75,987 (RUPEES SEVENTY FIVE THOUSAND
    NINE HUNDRED EIGHTY SEVEN ONLY.) Has Been Deducted At Source And Paid To The Credit
    Of The Central Government. I Further Certify That The Information Given Above Is True And
    Correct Based On The Book Of Accounts, Documents And Other Available Records.

    Place : SANGAMNER SD SAHANE CS


    Signature Of The Person Responsible For
    Deduction Of Tax
    Date : 31st, MAY, 2018 Full Name : Deshmukh S. A.
    Designation : (Principal)

    NOTE : [WORKING NOTE AS FOLLOW]

    MADE BY SAGAR GOYAL [email protected]

    You might also like