PARTICULARS FOR COMPUTATION OF INCOME TAX

FOR THE FINANCIAL YEAR 2024-2025 RELATING TO THE ASSESSMENT YEAR 2025-2026

NAME OF THE EMPLOYEE ASHRAR AHMED AFTAB PAN NO. CJZPA2211D

NAME OF THE SCHOOL STANDARD JUTE MILL WELFARE PRIMARY SCHOOL MOBILE NO.
1 Gross Salary Income (including Allowance, Bonus, Arrear, Incentives ) Rs. 512180
Less : Standard Deduction u/s 16(ia) Rs. 50000/- Rs. 50000
(i) Deduction HRA U/S 10 (13A) as per act Rs.
(ii) Any other Exempted Receipts/allowances (As per act) Rs. Rs. 2400
(iii) Professional Tax Rs. 2400
A INCOME UNDER THE HEAD OF SALARY 1- (i+ii+iii) Rs. 459780
B Income from other sources
interest received from following Investment
a. Bank(Savings/FD/Rec.) Rs.
b. N.S.C(Accrued/received) Rs.
c. Post office MIS(6yrs) Rs.
d. Post office reccurring deposit(5yrs) Rs.
C Any Other Income Rs. Rs.
D TOTAL INCOME( A+B+C ) Rs. 459780
Less : ( I ) Exemption on Home Loan Interest(u/s 24(1)(vi)) (Max. Rs. 2Lakhs) Rs. Rs.
E GROSS TOTAL INCOME ( D - I ) Rs. 459780
Less: deduction u/s 80C ( Max Rs. 150000/- )
A GPF & VPF Contribution Rs. 36000
B Public Provident Fund Rs.
C Senior Citizen's Saving Scheme(SCSS)/ G.I.S Rs.
D E.L.S.S(Tax saving Mutual Fund) Rs.
E L.I.C Insurance premiums: Rs.
F New Pension Scheme(NPS) Rs.
G 80CCD Central Govt. Employees Pension Plan(u/s 80CCD Rs.
H Housing Loan (Principal Repayment) Rs.
I Sukanya Samriddhi Account Rs.
J Stamp Duty & Registration Charges Rs.
K Tuition Fees for 2Children (excluding Dev.Fees & Donation) Rs.
L Post Office Term Deposit ( 5 yrs or above ) Rs.
M Postal Life Insurance Rs.
N N.S.C(Investment + accrud intt. Before maturity Rs.
O Tax saving FD with schedule Bank (5yrs and above) Rs.
P Tax saving Bonds(approved as per act) Rs.
Total : Rs. 36000 Rs. 36000
Rs. 423780
Less : Additional Deduction u/s 80CCD NPS(Max Rs. 50000 ) Rs. Rs. 0
Less : Deduction under Chapter VI A
i. 80D Medical Insurance Premium(for Self) Rs.
ii. 80D Medical Insurance Premium(for Parents) Rs.
iii. 80E Intt. Paid on Education Loan Rs.
iv. 80DD Medical Treatmentof handicapped Dependent Rs.
v. 80DDB Expenditure on Selected Medical Treatment for self/dependent Rs.
vi. 80G,80GGA,80GGC Donetion to approved funds Rs.
vii. 80U For Physically Disable Assesse Rs.
viii. 80TTA exemp. Of Savings bank int.Max Rs. 10000/- Rs.
ix. Any Others Rs.
Total : Rs. 0 Rs. 423780
F TAXABLE TOTAL INCOME (Round off nearest Rs. 10 Rs. 423780
G Tax on Total Income [ Upto Rs. 250000 Nill ] 0
from 250000 to 500000 @5% 8689
from 500001 to 1000000 @10% 0
above 1000000 @30% 0

0 Rs. 8689
H Less : Tax Rebate u/s 87A of 12500/- for individual income having taxable income upto 500000/- 8689
I Tax Payable 0
J Add Health & Education Cess @4% 0
K Total Tax Payable 0
L Relief u/u 89
M Income Tax already Paid
N Balance of Taxpayable /Refundable nill

Sign of the Employee Sign of the S.I.S

FOR THE FINANCIAL YEAR 2024-2025 RELATING TO THE ASSESSMENT YEAR 2025-2026

NAME OF THE TEACHER ASHRAR AHMED AFTAB PAN NO. CJZPA2211D

DESIGNATION ASSISSTANT TEACHER MOBILE NO.

ADDRESS : 58/179 G C ROAD MATHPARA KHARDAH

A Gross Salary income (including allowance, bonus, arrear, incentives.) Rs. 512180

Less: Standard Deduction u/s 16(ia) Rs. 50000 Rs. 50000

Less: U/S 80ccd(2) Central Govt. Employees Pension(NPS),APY Rs.

Rs. 462180

B Income From Other Sources

a. Savings Bank Interest Rs.

b. Interest From Investment Rs.

c. TDS Refund Interest Rs.

d. Family Pension Rs.

e. Any Others Rs.

C TOTAL INCOME (A+B) Rs. 462180

D TAXABLE TOTAL INCOME(Round off nearest Rs. 10) Rs. 462180

Computation of Tax

Upto Rs. 3,00,000/- Nill 0

Rs. 3,00,001/- to Rs. 7,00,000/- 5% ON INCOME EXCEEDING RS.300000 8109

Rs. 7,00,001/- to Rs. 10,00,000/- 20000+10% ABOVE 700000 0

Rs. 10,00,001/- to Rs. 12,00,000/- 50000+15% ABOVE 1000000 0

Rs. 12,00,001/- to Rs. 15,00,000/- 80000+20% OF ABOVE 1200000 0

Rs. 15,00,001/- to Rs. 50,00,000/- 140000+30% ABOVE 1500000

Above Rs. 50,00,000/- (@) 30% 0

E INCOME TAX PAYABLE Rs. 8109

F Less: Maximum Tax Rebate Rs. 25,000/- for individual having taxable income upto 7,00,000/- Rs. 8109

TOTAL Rs. 0

G Add: Education cess @ 4%(H.E.C) on Income Tax Rs. 0

H NET INCOME TAX PAYABLE Rs. 0

I RELIEF U/S 89(attached details) Rs.

J INCOME TAX ALREADY PAID THROUGH SALARY(TDS) Rs.

K BALANCE OF TAX PAYABLE/REFUNDABLE(payable from feb-24salary) Rs. Rs. 0

sign of employee sign of S.I.S

0-3LAKH 300000 0
0%
300001-600000 162180 8109
5%
600000-900000 0 0
10%
900001-1200000 0 0
15%
1200001-1500000 0 0
20%
1500001 ABOVE 0 0
30%
8109

423780

0-250000 250000 0
0%
250001-500000 173780 8689
5%
500001-1000000 0 0
20%
1000000 above 0 0
30%
8689