| 1. Income from Salaries |
|
|
| Income from salary |
xxxx |
|
| Add: Taxable allowances |
xxxx |
|
| Add: Taxable perquisites |
xxxx |
|
| Gross Salary |
xxxx |
|
| Less: Deductions u/s 16 |
|
|
| – Standard deduction |
|
|
| – Entertainment allowance |
xxxx |
|
| – Professional tax |
xxxx |
|
| Taxable Income under the head ‘Salaries’ |
|
xxxx |
| 2. Income from House Property |
|
|
| Net Annual Value |
xxxx |
|
| Less: Deductions u/s 24 |
xxxx |
|
| Taxable Income under the head ‘Income from House Property’ |
|
xxxx |
| 3. Profits and Gains of Business and Profession |
|
|
| Net profit as per Profit and Loss Account |
xxxx |
|
| Add: Amounts debited to P & L A/c but are not allowable as deduction under the Act |
xxxx |
|
| Add: Amounts not credited to P & L A/c but are taxable under the head PGBP |
xxxx |
|
| Less: Amounts credited to P & L A/c but are exempt u/s 10 or are taxable under other heads of income |
xxxx |
|
| Less: Amounts not debited to P & L A/c but are allowable as deduction under the Act |
xxxx |
|
| Taxable Income under the head ‘Profits and Gains of Business and Profession’ |
xxxx |
|
| 4. Capital Gains |
|
|
| Amount of Capital gains u/s 48 |
xxxx |
|
| Less: Exemption u/ss 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA, 54GB, 54H |
xxxx |
|
| Taxable Income under the head ‘Capital gains’ |
|
xxxx |
| 5. Income from other sources |
|
|
| Gross income |
xxxx |
|
| Less: Deductions u/s 57 |
xxxx |
|
| Taxable Income under the head ‘Income from other sources’ |
|
xxxx |
| Total [1 + 2 + 3 + 4 + 5] |
|
xxxx |
| Less: Adjustment of set off and carry forward of losses |
|
xxxx |
| Gross Total Income |
|
xxxx |
| Less: Deductions under sections 80C to 80U [Chapter VI-A] |
|
xxxx |
| Net Taxable Income |
|
xxxx |
| Computation of Tax Liability: |
|
|
| Tax on Net income |
|
xxxx |
| Less: Rebate u/s 87A (Available if resident individual is having net taxable income of ` 5,00,000 or less) |
|
xxxx |
| Income Tax after rebate |
|
xxxx |
| Add: Surcharge, if applicable |
|
xxxx |
| Tax and surcharge |
|
xxxx |
| Add: Health and Education cess |
|
xxxx |
| Less: Rebate u/ss 86, 89, 90, 90A and 91 |
|
xxxx |
| Less: Prepaid taxes, if paid |
|
|
| Self assessment tax paid (SAT) |
|
xxxx |
| Tax Deducted or Collected at Source (TDS and TCS)1 |
|
xxxx |
| Advance tax |
|
xxxx |
| Total Net Tax liability |
|
xxxx |
