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    It Form

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    Mani Vannan J
    - Name: [NAME REDACTED] - Occupation: Teacher at a government high school - Documents provided include an income tax calculation statement for the 2019-2020 financial year and 2020-2021 assessment year, as well as a pay and allowances statement - Key details extracted include total salary, HRA exemption, deductions claimed under Section 80C and 80CCD, and final tax liability of Rs. 2,373 to be deducted in February 2020

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    It Form

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    Mani Vannan J
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    - Name: [NAME REDACTED] - Occupation: Teacher at a government high school - Documents provided include an income tax calculation statement for the 2019-2020 financial year and 2020-2021 assessment year, as well as a pay and allowances statement - Key details extracted include total salary, HRA exemption, deductions claimed under Section 80C and 80CCD, and final tax liability of Rs. 2,373 to be deducted in February 2020

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    - Name: [NAME REDACTED] - Occupation: Teacher at a government high school - Documents provided include an income tax calculation statement for the 2019-2020 financial year and 2020-2021 assessment year, as well as a pay and allowances statement - Key details extracted include total salary, HRA exemption, deductions claimed under Section 80C and 80CCD, and final tax liability of Rs. 2,373 to be deducted in February 2020

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    29 views13 pages

    It Form

    Uploaded by

    Mani Vannan J
    - Name: [NAME REDACTED] - Occupation: Teacher at a government high school - Documents provided include an income tax calculation statement for the 2019-2020 financial year and 2020-2021 assessment year, as well as a pay and allowances statement - Key details extracted include total salary, HRA exemption, deductions claimed under Section 80C and 80CCD, and final tax liability of Rs. 2,373 to be deducted in February 2020

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 13

    INPUT DATA

    NAME
    PAN NO
    PLACE
    ADDRESS
    BASIC PAY
    INCOME -TAX CALCULATION STATEMENT 2019-20
    Financial Year 2019-2020 Assessment Year 2020-2021

    Name & Designation PAN:


    Sex/ Age
    EMP.NO/SEX/AGE CITY TYPE,
    Office TAN NO
    Home Address: CITIZEN
    PRTICULARS Rs.
    1 Total salary income including HRA. Etc.
    ADD: Income from OTHER SOURCE :
    2
    LESS: a) 10 % of ( Basic Pay + DA ) 80414
    b) Actual rent paid (BUT BELOW RS: ) 120000
    c) Difference ( b-a ) 39586
    d) HRA received 38400
    e) 50% OF SALARY FOR- MAJORE CITY/ OTHER CITY FOR 40 %(PAY+DA)
    3
    4 HRA Exempted whichever is less (b) or (c) or (d) 38400
    Salary after giving relief under the "HRA" (1-2)
    Less: STANDARD DEDUCTION RS. 50000/= 50000
    Professional Tax U/S 16(iii) 2500
    Conveyance Allowance U/S10(14)Rs.3200pm Disablity person only
    5 Washing allowance /Uniform allowance( fully Allowed)
    6
    Hill allowance
    6A
    7 Winter allowance
    Salary after allowing relief U/S 16 52500
    LESS: Housing Loan interest U/S 24(b)Max Rs. 2,00,000)INCLUDE RENOVATION LOAN (REPAIRE ) RS.30000 TWO OWN USE HOUSE

    Deductions under Chapter VIA


    Less 1. C.P.S BALANCE AMOUNT 27237
    2. S.P.F
    3. F.B.F
    4. L.I.C
    5. SUKANYA SAMRIDHI POST OFFICE ( SELVAMAGAL SAVING PLAN ) 100000
    5. P.L.I
    6. U.T.I
    7. P.P.F 50000
    8. N.S.C (VIII issue) + Interest
    9. REFUND OF H.B.A ONLY [PRINCIPAL TWO HOUSE]
    10. SCHOOL FEES (TUITION) PAID (TWO CHILD ONLY )
    11. FIXED DEPOSIT (MIN 5 YEARS-TAX SAVING PLAN)
    12. EQUITY LINK SAVING BOND
    8 13. STAMP DUTY REGISTRATION FEES
    9 14. G.I (GROUP INSURANCE)
    15. Other Deduction (CCG)RS. 25000
    16. 80CCC AMOUNT DEPOSITED ANY ANNUITY[OR]PENSION PLAN

    17. LIC LIKE JEEVAN SURAKSHA [MAX - Rs 10,000]


    18. U/S 80 CCD 1 CONTRIBUTION TO PENSION SCHEME OF CENTRAL
    GOVT. (up to 20%)
    19. U/S 80 CCD 2 CENTRAL GOVERNMENT (EMPLOYER)(up to 20%)

    TOTAL (MAX LIMIT RS. 150000 ) 150000


    Less 20. U/S 80CCD(1)b (ADDITIONAL BENEFIT RS:- 50,000) 50000
    10 AFTER DEDUCTION [COL 6A-8+9]
    CITY TYPE,
    TAN NO
    INDIAN
    Rs.
    847739

    38400
    809339

    756839

    150000
    50000
    556839
    11 DEDUCTION UNDER CHAPTER - VI A 556839
    DETAILS PAID RS. ELEGIBLE RS.

    12 Less (1). U/S 80D: MEDICAL INSURANCE PREMIUM PAID IN THE NAME OF GOVT 2160 2160
    ASSESSEE,SPOUSE DEPENDENT PARENTS OR CHILD [25000 TO
    1,00,000] ABOVE 60 AGE ] PRIVATE

    (2)U/S 80DD: EXPENSES ON MEDICAL TREATMENT ETC & DEPOSIT MADE FOR
    MAINTAINANCE OF HADICAPPED DEPENDENTS MIN
    75,000 [MAX RS. 1,25,000 ]

    (3)U/S 80DDB: MEDICAL EXPENSES TOWARDS TREATMENT OF ASSISTANCE OR HIS/HER DEPENDENT SPOUSE OR P

    (4)U/S 80E:REPAYMENT OF LOAN INTREST FOR HIGHER STUDIES AVAILED BY ASSESSEE [ 100%]

    (6)U/S 80EE (Additional HBL Int. Max Rs.1,00,000)

    (5)U/S 80G: DONATION FOR CHARITABLE PURPOSE 50% FOR SOME ITEMS, AND 100% FOR SOME ITEMS [P.M R

    (6)U/S80GG HRA NOT RECEIVED PERSON (MAX 60000 PA)

    (7)U/S 80U DISABLITY/ HANDICAP (BELOW 80 % MIN 75,000


    ABOVE 80% MAX 125000)
    (8)U/S 80TTA(Rs.10,000 MAX)(SAVING BANK ACCOUNT INTREST)

    (9)U/S 80TTB BANK INTEST(Rs.40,000 MAX)

    TOTAL AMOUNT 2160


    NET TAXABLE INCOME [ 11--12 ] 554679
    ROUNDED TO NEAREST TEN (U/S 288 A )

    CITIZEN TAX PLAN


    Rs.2,50,001 to 5,00,000/ 5% 12500
    Rs.5,00,001 to 10,00,000/- 20% 54679 10936
    Rs.10,00,001 and above 30% 23436
    Less U/S 87A Rebate Rs.12,500 Taxable Income does not Exceed
    Rs.500000 - ( AS PER COL. SERIAL NO 21)
    AFTER REBATE-RS. 12500-TAX
    Add ADD EDUCATION CESS@ (4%)

    TOTAL TAX
    Less LESS:RELIEF u/s 89 (1) A
    TOTAL TAX PAYABLE FY:-2019-2020

    Less FY 2019-2020 TAX ALREADY DEDUCTED UP TO JAN-2020

    BALANCE TO BE DEDUCTED FEB 2020 TAX > CHESS>

    I hereby authorise the drawing and disbursing officer to deduct the balance amount of tax from
    February 2020 month salary (AS PER COL.28)
    56839
    ELEGIBLE RS.

    2160

    2160
    554679

    23436

    937

    24373

    22000

    2373
    STATEMENT SHOWING PAY AND ALLOWANCES DRAWN
    FOR THE FY 2019-2020 AND AY 2020-2021
    NAME : CPS
    OFFICE : GOVT HIGH SCHOOL NEEDAMANGALAM DEP. SCHOOL EDN
    PAN NO : TAN CHEG12152A

    MONTH CPS /
    AND DA % Pay P.P D.A H.R.A M.A Total FBF HF SPF PLI I. T + CESS
    YEAR GPF

    .MAR 19 9% 55100 4959 3200 300


    63559 6006 60 180 70
    .APR 19 9% 56800 5112 3200 300
    65412 6191 60 180 70
    .MAY 19 12% 56800 6816 3200 300
    67116 6362 60 180 70
    .JUN 19 12% 56800 6816 3200 300
    67116 6362 60 180 70
    .JUL 19 12% 56800 6816 3200 300
    67116 6362 60 180 70
    .AUG 19 12% 56800 6816 3200 300
    67116 6362 60 180 70 5000
    .SEP 19 12% 56800 6816 3200 300
    67116 6362 60 180 70
    .OCT 19 17% 56800 9656 3200 300
    69956 6646 60 180 70 5000
    .NOV 19 17% 56800 9656 3200 300
    69956 6646 60 180 70 5000
    .DEC 19 17% 56800 9656 3200 300
    69956 6646 60 180 70
    .JAN 20 17% 56800 9656 3200 300
    69956 6646 60 180 70 7000
    .FEB 20 17% 56800 9656 3200 300
    69956 6646 60 180 70 2373
    TOTAL 679900 0 92431 38400 3600
    814331 77237 720 2160 840 0 24373
    D.A- I 0
    D.A- II 0
    E.L.S 28400 0 3408 1600 33408
    ARRER 1 0
    TOTAL 708300 0 95839 40000 3600 847739 77237 720 2160 840 0 24373

    PAY+DA 804139
    10% SALARY 80414
    TOTAL
    DEDUCTIO P.TAX
    N

    6316
    6501
    6672
    6672
    6672
    11672 1250
    6672
    11956
    11956
    6956
    13956 1250
    9329
    105330

    105330 2500
    FORM 12BB FY 2019-2020 (see rule 12c)
    Statement showing particulars of claims by an employee for deduction of tax under section 192
    1 NAME OF THE STAFF:- 0
    2
    ADDRESS WITH PIN CODE
    3
    DATE OFBIRTH (PAN)
    Details of claims and evidence thereof
    S.NO Nature of claim AMOUNT Rs. Evidence / particulars
    1 House Rent Allowance:
    (i) Rent paid to the landlord (ii) Name of the landlord
    (iii) Address of the landlord

    (iv) Permanent Account Number of the landlord ( Note: Permanent Account


    Number shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees) (ABOVE RS. 100000 )

    2 Leave travel concessions or assistance


    3 Deduction of interest on borrowing:
    (i) Interest payable/paid to the lender RS.

    (ii)Name of the lender /Bank


    (iii) Address of the lender / Bank

    4
    (iv) Permanent Account Number of the lender (if avail)

    Deduction under Chapter VI-A


    (A) Section 80C,80CCC and 80CCD
    (i) Section 80C AMOUNT Rs. Evidence / particulars
    1 S S PLAN RS. RS. RS. NO

    L.I.C. RS. RS. RS. NO


    RS. RS. RS. NO

    2 GPF/TPF/(CPS Balance amount) RS.

    3 P.L.I +செலவமகள செமிபபு RS. RS. RS.

    4 U.T.I per year RS.

    5 P.P.F per year RS.

    6 N.S.C per year RS.

    7 HOUSE LOAN [PRINCIPAL] RS.

    8 TUITION FEES(ONLY 2 CHILD) RS.

    9 FIXED DEPOSIT (5 YEAR &ABOVE) RS.

    10 EQUITY LINK SAVING BOND RS.

    11 STAMP DUTY REGISTRATION FEES RS.

    12 G.I (GROUP) per year RS.

    13 80 CCD (1)b ADDITIONAL BENEFITS / NPS RS.

    (ii) Section 80CCC RS.


    (iii) Section 80CCD RS.
    (B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.
    1 U/S 80D ( NHIS + PRIVATE ) RS.

    2 U/S 80DD RS.

    3 U/S 80DDB RS.

    4 U/S 80E RS.

    5 U/S 80G RS.

    6 U/S 80GG RS.

    7 U/S 80TTA RS.

    8 U/S 80TTB RS.

    9 U/S 80U RS.

    10 U/S 80CCG RS.

    verification
    THE ABOVE DETAILS FOUND AND CORRECT AS PER MY KNLOWDGE
    Place:-
    Date:- (Signature of the employee)
    particulars

    particulars
    employee)

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