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Form 16

This document is a Form 16 issued by Sea Glad Pharmaceuticals Pvt Ltd to their employee MR. M. RAJ for the assessment year 2008-2009. It summarizes the employee's salary, deductions, tax deducted at source and other details. Key details include: - Gross salary of Rs. 306,720 and deductions of Rs. 49,150 resulting in taxable income of Rs. 256,570. - Total deductions under Chapter VI-A amounted to Rs. 115,290 reducing total income to Rs. 141,280. - Tax payable was Rs. 1,000 which was deducted at source and deposited with the government.

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373 views3 pages

Form 16

This document is a Form 16 issued by Sea Glad Pharmaceuticals Pvt Ltd to their employee MR. M. RAJ for the assessment year 2008-2009. It summarizes the employee's salary, deductions, tax deducted at source and other details. Key details include: - Gross salary of Rs. 306,720 and deductions of Rs. 49,150 resulting in taxable income of Rs. 256,570. - Total deductions under Chapter VI-A amounted to Rs. 115,290 reducing total income to Rs. 141,280. - Tax payable was Rs. 1,000 which was deducted at source and deposited with the government.

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Copyright
© Attribution Non-Commercial (BY-NC)
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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 MR. M.RAJ MANAGER - ACCOUNTS. PAN
Acknowledgement Nos. of all Quarterly statements of TDS under sub-section (3)

TAN PERIOD FROM 01/04/2007

PAN / GIR NO. ASSESSMENT YEAR 2008 - 2009

QUARTER

ACKNOWLEDGEMENT NO

TO 31/03/2008

DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED
1 Gross Salary (a) Salary as per provisions contained in sec 17 (1) (b) Value of perquisites u/s 17(2) (as per Form No12BA,wherever applicable) (c) Profit in lieu of salary under section 17 (3) (as per form No.12BA wherever applicable) (d) Total 2 LESS : Allowance to the extent exempt under section 10 Allowance HRA BALANCE (1-2) 3 DEDUCTIONS : a. Entertainment Allowance b. Tax on employment AGGREGATE OF 4(a to b) Amount 48,000.00 48,000.00 258,720.00 306,720.00 306,720.00

0.00 2,150.00

2,150.00 256,570.00 256,570.00 0.00 256,570.00

4 INCOME CHARGEABLE UNDER THE HEAD SALARIES (3-2) 5 ADD/LESS : Any Other Income / Loss as reported by Employee 6 GROSS TOTAL INCOME (4+5) 7 DEDUCTION UNDER CHAPTER VI - A A.SECTION 80C a. Provident Fund b. NSC:Investment c. NSC:Accrued Interest d. LIC Premium e. Children's Education f. Housing Loan g. Others h. ICICI Bonds i. IDBI Bonds B.Section 80 CCC C.Section 80 CCD (LIC Pension Fund) GROSS AMOUNT 24,480.00 0.00 0.00 57,960.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 QUALIFYING DED. AMOUNT AMOUNT 24,480.00 24,480.00 0.00 0.00 0.00 0.00 57,960.00 57,960.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Other Sections under chapter VI


a. Interest b. Donations c. Mediclaim d. Handicapped Dependent 8 9 10 11 12 13 14 15 16 17 18 80E 80G 80D 80DDB

GROSS AMOUNT 0.00 10,500.00 22,350.00 0.00

QUALIFYING AMOUNT DED. AMOUNT 0.00 0.00 10,500.00 10,500.00 22,350.00 22,350.00 0.00 0.00 115,290.00 141,280.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Aggregate of deductible amounts under Chapter VI - A Total Income (8-6) Tax on Total Income REBATE U/S 88 NET TAX PAYABLE (10-11) SURCHARGE (ON TAX COMPUTED AT SR.NO.12) EDUCATION CESS @ 2% ON (S.NO.12 PLUS 13) TAX PAYABLE (12+13+14) RELIEF UNDER SECTION 89 (attach details) TAX PAYABLE (15-16) Less : (a) Tax deducted at source u/s 192 (1) (b) Tax Paid by the employer on behalf of the employee u/s 192 (1A) on perquisites u/s 17 (2) 19 Tax Payable / refundable (17-18)

DETAILS OF TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT


Sl. No. Tds Surcharges Education Cess Total Tax Deposited Chq.No/DD.No . Bsr Code of Bank, Branch Date on Which Tax Deposited Transfer Voucher / Challan Identification No.

1000

0.00

0.00

I,Mr.T.SRINIVASAN S/O Mr.Thangavel Working in the capacity of Manager-Fi inance of SEA GLAD PHARMACEUTICALS PVT LTD do hereby certify that a sum of Rs 3191/- ( Three Thousand One Hundred and Ninety One Only ) 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 books of accounts documents and other available records.

Place : Date :

Chennai. 30.04.2008

Signature of the Person Responsible for Deduction of tax. Full Name : T.SRINIVASAN Designation : Manager - Finance.

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