INCOME TAX Calculator FY-2015-16

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 INCOME TAX CALCULATION STATEMENT FOR THE FINANCIAL YEAR 2015 - 2016
NAME : M.NATARAJAN PAN No.: AODPN0382H
DESIGNATION : TAN No.:
Office Address : collector office,Tiruppur Gender : male

Phone No. : Cell No. : 9942122256 Pin :

Rs. Rs.
1 GROSS SALARY INCOME (Including all allowances) 478,613
2 LESS :
HRA Exempted Under I.T Rules under Section 10(13A)
a) Actual Rent Paid -
b) 10% of Salary (Pay + D.A only) -
c) Difference (excess over 10% pay + D.A) (a-b) -
d) H.R.A received -
e) 40% of Salary (Pay + D.A) -
H.R.A exempted (c) or (d) or (e) whichever is less -
3 GROSS INCOME (1 - 2 ) 478,613
4 Taxable Prequisites

5 GROSS SALARY INCOME (3 + 4 ) 478,613

6 Less : DEDUCTION U/S 16
i) Entertainment Allowance or Conveyance Allowance
ii) Tax on Employment (Professional Tax)
7 Net Salary Income (5-6) 478,613
8 a) Add Income / Loss from House Property as per Annexure
b) Add Income from other Source
c) Accrued Interest from NSC, other Deposit Interest
d) Less : Deduction for interest payable on housing loan
9 GROSS TOTAL INCOME (7 + 8) 478,613
10 LESS DEDUCTIONS : UNDER CHAPTER VI
1. 80 -CCC - LIC Jeevan Suraksha ICICI Life Time Pension
2. G.P.F (or) T.P.F (or) C.P.S contribution 0
3. F.B.F & S.P.F (-+960) 960
4. LIC (or) PLI Premiums Paid
5. Tuition fee paid to any school / College
6. NSC Deposits
7. UTI Mutual fund / NotifiedFixed Deposits with Bank
8. Housing Loan Repayment 57,600
9. Other items permissible
10. Infrastructure Fund
Total 1 to 9 (Subject to maximum of Rs. 1,50,000) 58,560 420,053
a) 80 D upto 40,000 (Mediclaim)
New Health Insurance Scheme (NHIS) 1,800 418,253
b) 80 DD upto Rs. 75,000 (Medical Treatment - Handicapped dependent)
(Rs. 1,25,000/- incase of severe disability)
c) 80 DDB upto Rs. 40,000 (Medical treatment - individual dependent
relative
d) 80 E upto Rs. 40,000 (Interest on Loan for Higher Studies)
e) 80 - G Donations to C.M. Relief Fund and so on made through employer
f) 80 - U upto Rs. 75,000 (Permanent Physical disability cases)
(Rs. 1,25,000/- incase of severe disability)
11 TAXABLE INCOME (9-10) (Rounded to nearest ten Rupees) 418,250
 12 TAX ON TOTAL INCOME (FOR COL. 11)
(Rounded to nearest ten rupees)
A. Individuals (Male and Female who are < 60 years )
1. On the first (Rs. 2,50,000) 2,50,000 NIL
2. On the next (Rs. 2,50,001 to 5,00,000) @ 168,250 10% ###
3. On the next (Rs. 5,00,001 to 10,00,000) @ 20%
4. On the balance (Above Rs. 10,00,000) @ 30%
B. Senior Citizens ( 60 years but less than 85 years )
1. On the first (Rs. 3,00,000) NIL
2. On the next (Rs. 3,00,000 to 5,00,000) @ 10%
3. On the next (Rs. 5,00,001 to 10,00,000) @ 20%
4. On the balance (Above Rs. 10,00,000) @ 30%
C. Super Citizens ( 85 years and above )
1. On the first (Rs. 5,00,000) NIL
3. On the next (Rs. 5,00,001 to 10,00,000) @ 20%
4. On the balance (Above Rs. 10,00,000) @ 30%
TOTAL (2+3+4) ###
13 Tax Rebate u/s 87A 2,000
14 Tax payable for the year 2015-16 (12-13) ###
15 Surcharge if Taxable income exceeds Rs 1 Crore @ 10% of Income Tax -
15 Education cess @ 2 % & Sec. & Higher. Education cess @ 1 % on IT & Surcharge 445
16 Tax & Education Cess (14+15+16) ### ###
17 Tax Relief under section 89(1) as per annexure (Form No. 10E)
18 Tax Payable (16-17) ###
19 So far Deducted

20 Balance of Income Tax to be deducted (18-19) at February - 2016 Salary ### NIL
(Income Tax - Rs. 14825 + IT Cess Rs. 445 )

CERTIFICATE
1. Certified that I am occupying house allotted by the Accommodation controller / PWD / TNHB on
Payment of Rent.
2. Certified that I am occupying rental house and paying monthly rent of Rs.----- per month.
3. Certified that I am paying a sum of Rs.----towards LIC premium and the Policies are kept alive.

Counter Signed ( Head of the Office ) Signature of Govt. Servant with Designation

Bill Date
Bill No. (or) Challan (or) Challan TDSRs.
Amt.
S. No BSR Code No. Date
1
2
3
4
5
6
7
8
9
10
11
TOTAL
< < < Round your Tax
 Particulars of L.I.C. Premium paid during the Financial Year 2015-16
Policy No. Name of the company Policy holder's Name Amount Insured Premium per annum
-

TOTAL -

Particulars of PLI Premium paid during the Financial Year 2015-16

Policy No. Name of the company Policy holder's Name Amount Insured Premium per annum
-

TOTAL -

Particulars of N.S.C
Post Office Issue No. N.S.C. Number Amount

TOTAL
Details of Interest Accured on N.S.C (VIII Issue)
N.S.C No. & Name of the Post Office Date of the purchase of the N.S.C Rate of Interest (%) Amount

TOTAL
Particulars of Details towards Infrastructure Bonds
Nature of Investment Date of Investment Date of Maturity Amount Insured Remarks

TOTAL
IMPORTANT NOTE
1. The salary bill for February-2016 shall be presented along with the pre-Checked Income Tax Statement of this
Office salary Bill for Feb-2016 with Income Statement without precheck by this office will be returned with a
request to present on or after March 2016.
2. Basic exemption Limited for both Female and Male is Rs. 2,50,000/-
3. 80 - D Medical Insurance Premium (If senior citizen covered in (i),(ii) upto 20,000 in each case)
(i) Exemption allowed upto 15,000 if premium paid in the name of assessee/Spouse/dependent children.
(ii) Additional claim avail upto 15,000 if premium paid in the name of dependent parents.
(iii) Premium should be paid by Cheque. (Note : Cash payments not be accepted)
4. 80 - DDB Medical Treatment
(i) Medical expenditure actually incurred or Rs. 40,000/- (Rs. 60,000/- for Senior Citizen 60 years & above)
whichever is less. Copy of the bills & Statement of expenditure to be enclosed.
(ii) Doctor Certificate in Form No. 10-1 should be furnished.
(iii) Any Claim from Insurance Company / Employer shall be reduced from the deduction allowable.
5. 80 - E Deduction in respect of Interest (Not Principal) on loan taken for Higher Education for himself or his
Children & Spouse
(i) Applicable for any course or study pursued after passing +2 or its equivalent from any Govt. recognised
School, Board or University.
(ii) Entire Amount of Interest paid during the year shall be deducted from Income.
6. 80 - G Donation
(i) Donations made through employer such as Gujarat Relief Fund alone can be considered by employer.
 Donations of other types are to be considered while filling the return of Income.
Note: Taxable Income less than Rs. 5,00,000/- can file return of Income with the Dept.
Note :
All LIC policy details
must be entered

here eventhough
deducted at salary

Note :

All PLI policy details

must be entered
here eventhough
deducted at salary
 STATEMENT SHOWING SALARY DRAWN DURING THE PERIOD FROM MARCH - 2015 TO FEBRUARY - 2016
NAME : M.NATARAJAN PAN No. AODPN0382H DETAILS OF BANK ACCOUNTS : 10840903068 RESIDENTIAL ADDRESS WITH PINCODE
FATHER'S NAME : G.MURUGAPA GOUNDER PHONE No. MICR CODE No. : 935 No1, 3rd st,Thiyagi kumaran colony, tiruppur 641607

DATE OF BIRTH : 20/05/1950 CELL No. 9942122256 TAN of Employee :

Spl._x
PAY DRAWN 000D CCA DEDUCTIONS
MONTH PAY G.PAY P.P D.A Con.All Bonus 6th Pay TOTAL TOTAL
H.R.A M.A _ CPS CPS Due S.P.F F.B.F NHIS H.L P.TAX PLI
All
March '2015 107% 16651 0 20837 1240 100 38828 80 150 4800 5030
April 107% 16651 0 20837 1240 100 38828 80 150 4800 5030
May 113% 16651 0 20837 1240 100 38828 80 150 4800 5030
June 113% 16651 0 20837 1240 100 38828 80 150 4800 5030
July 113% 16651 0 20837 1240 100 38828 80 150 4800 5030
August 113% 16651 0 20837 1240 100 38828 80 150 4800 5030
September 113% 16651 0 20837 1240 100 38828 80 150 4800 5030
October 113% 16651 0 21944 1240 100 39935 80 150 4800 5030
November 119% 16651 0 21944 1240 100 39935 80 150 4800 5030
December 119% 16651 0 21944 1240 100 39935 80 150 4800 5030
January ' 2016 119% 16651 0 21944 1240 100 39935 80 150 4800 5030
February 119% 16651 0 21944 1240 100 39935 80 150 4800 5030
Pay Revision Arrears -
D.A Arrear for Jan - Apr 3321 3321 -
D.A. Arrear for Jul - Oct 3321 3321 -
Bonus / Pongal Gift 500 500 -
Adhoc pay Arrears -
Surrender Pay on- -
Other Arrears -
Grand Total 199812 - - 255579 14880 1200 - - - 7142 - 478613 - - - 960 1800 57600 - - 60360

Professional Tax Paid GPF/TPF/CPS s. 0 LIC Rs. UTI Mutual Fund / F.D Rs. -
Date: - - - - SPF s. - PLI Rs. Housing Loan Repayment Rs. 57,600
Amount. Rs. - FBF s. 960 NSC Rs. Jeevan Suraksha Rs. Signature with Designation
NHIS s. 1,800 Rs. ICICI Life Time Pension Rs. -
 TOTAL s. 2,760 TOTAL Rs. - Other items Rs. - collector office,Tiruppur
Note: The HRA drawn for surrender leave salary should not be taken into account for the purpose of claiming rebate Infrastructure Fund Rs. -
(i.e)exemption under HRA. Kindly fill up Date of Birth, Pan No., Phone No., Bank A/c No., Residential Address. Total Rs. 57,600
 FORM NO. 16
[See Rule 31 (1) (a)]
PART A
Certificate under section 203 of the Income-tax Act, 1961 for Tax deducted at source on Salary
Name and Designation of the Employer Name and Designation of the Employee
, M.NATARAJAN, collector office,Tiruppur,
PAN of the Deductor TAN of the Deductor PAN of the Employee
AODPN0382H
CIT (TDS)
Address : Period
Assessment Year

From To
City : 2016-17 March February

Summary of tax deducted at source

Receipt Numbers of original Amount of tax deposited/

Amount of tax deducted in
Quarter statements of TDS under sub- remitted in respect of the
respect of the employee
section (3) of section 200 employee

Quarter 1
Quarter 2
Quarter 3
Quarter 4
Total
PART B (Refer Note 1)
Details of Salary paid and any other income and tax deducted
1. Gross Salary
(a) Salary as per provisions contained in sec.17(1) Rs. 478613
(b) Value of perquisites u/s 17(2) (as per Form 12BA, Rs.
wherever applicable)
( c) Profits in lieu of salary under section 17(3)(as per Rs.
Form No.12BB, wherever applicable)
(d) Total Rs. 478613
2. Less: Allowance to the extent exempt u/s 10
Allowance Rs.
House Rent Allowance Rs.
Conveyance Allowance Rs. Rs.
3. Balance (1-2) Rs. 478613
4. Deductions :
(a) Tax on Employment Rs.
(b) Loss on house property (Interest on Housing Loan) Rs.
5. Aggregate of 4(a) and (b) Rs.
6. Income chargeable under the head 'salaries' (3-5) Rs. 478613
7. Add: Any other income reported by the employee
Income Rs.
Add Income from House Property Rs.
 Add Income from other source Rs.
Accrued Interest from Deposits Rs. Rs.
8. Gross total income (6+7) Rs. 478613
9. Deductions under Chapter VIA
(A) Sections 80C, 80CCC and 80CCD Gross Amount Deductable
Amount
(a) Section 80C
(i) G.P.F or T.P.F Rs.
(ii) FBF, SPF, HF Rs. 960
(iii) LIC or PLI premiums paid Rs.
(iv) Tuition fee paid to any school/college Rs.
(v) NSC Deposits Rs.
(vi) UTI mutual fund/ Fixed Deposits with Bank Rs.
(vii) Housing Loan Repayment (Principal) Rs. 57600
(b) Contributory Pension Scheme Rs.
( c) Equity Bonds Rs. Rs. 58560 Rs. 58560
Note 1. Aggregate amount deductible under section 80C shall not exceed 1,50,000
2. Aggregate amount deductible under the three sections, i.e., 80C, 80CCC and 80CCD shall
shall not exceed 1,50,000
Qualifying Deductable
(B) Other sections(e.g. 80E,80G etc) under Chapter VI-A Gross Amount Amount Amount
(i) Section 80 CCF (Infrastructure Bond) Rs. Rs. Rs.
(ii) Section 80 D ( Mediclaim ) Rs. Rs. Rs.
(iii) Section 80 DD (Disabled Dependent) Rs. Rs. Rs.
(iv) Section 80 DDB (Depend. Rel. Treatment) Rs. Rs. Rs.
(v) Section 80 E (Interest on Edu. Loan) Rs. Rs. Rs.
(vi) Section 80 G (Donations) Rs. Rs. Rs.
(vii) Section 80 U (Permanent Disability) Rs. Rs. Rs.
10. Aggregate of deductible amount under Chapter VIA Rs. 58560
11. Total Income (8-10) Rs. 420053
12. Tax on total income Rs. 16825
13. Tax Rebate under section 87A Rs. 2000
14. Tax payable Rs. 14825
15. Education cess @ 3% (on tax computed at S.No.14) Rs. 445
16. Tax Payable (14+15) Rs. 15270
17. Less: Relief under section 89 (attach details) Rs.
18. Total Tax payable for the year (16-17) Rs. 15270
Less : (a) Tax deducted at source u/s 192(1) Rs. 15270
(b) Tax paid by the employer on behalf
19.
of the employee u/s 192(1A) on Rs. ---
perquisites u/s 17(2)
20. Tax payable / Refundable (18-19) Rs. 0

Verification
I, son / daughter of
working in the capacity of (designation) do here by certify that a
sum of Rs. 15270
has been deducted and deposited to the credit of the Central Government. I further certify that the
information given about is true, complete and correct and is based on the books of account, documents,
TDS statement, TDS deposited and other available records.
Place :
Date : Signature of person responsible for deduction of tax
Designation : Full Name :