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INCOME TAX CALCULATION STATEMENT
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( FINANCIAL YEAR 2023-2024 AND THE ASSESSMENT YEAR 2024 - 2025)
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NAME :
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DESIGNATION :Head Master
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PAN NO :
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SCHOOL NAME :PUES,
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Old Regime
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S.NODETAILSAMOUNT
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1 TOTAL SALARY INCOME (INCLUDING ALLOWANCES)Rs42000
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2OTHER SOURCE OF INCOMERs0
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3H.R.A EXEMPTED THE AMOUNT OF EXEMPTION shall be the least of a,b &c U/S 10(13A)
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a. ACTUAL HRA RECEIVED
RS38400Rs38400
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b. i) ACTUAL RENT PAID
14500* 12RS174000
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ii) 10% OF SALARY
RS0
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iii). DIFFERENCE [(I) - (II)]
RS174000
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c. CHENNAI EMPLOYEES 50% OF SALARY
RS0
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OTHERS 40% OF SALARY
RS0
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LESS PROFESSIONAL TAX U/S 1b(iii)
Rs1250Rs2500
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5LESS STANDARD DEDUCTION50000
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6LESS INTEREST ON HOUSING LOAN U/S 24 Max Rs 200000Rs
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7SALARY AFTER GIVING RELIEF UNDER THE HEAD H.R.A[Col (1+2)-(3+4+5+6) ]Rs-48900
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8DEDUCTION UNDER CHAPTER VI-A
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NEW SECTION 80. CCE (OVERALL INVESTMENT LIMIT 1.50 LAKHS)Rs
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[i] DEDUCTION UNDER NEW SECTION 80/C
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1. T.P.FRs0
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2. S.P.FRs0
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3. F.B.FRs1320
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4. L.I.CRs0
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5. H.FRs
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6. P.L.IRs
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7. Soceity InsuranceRs
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8. N.S.C (RTNEA)Rs
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9. REFUND OF H.B.A [PRINCIPAL] ONLYRs
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10. TUITION FEESRs0
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11. OTHERSRs
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TOTAL UNDER NEW SECTION 80 CRs1320
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[ii] U/S 80.CCC AMOUNT DEPOSITED ANY ANNUITY [OR] PENSION PLAN
OF LIC LIKE JEEVAN SURAKSHA [MAX - Rs 10,000]		Rs
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[iii] U/S 80 CCD 1(B) CONTRIBUTION TO PENSION SCHEME OF CENTRAL GOVT.Rs
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9TOTAL SAVINGS [U/S 80C+ 80 CCC + 80 CCD]Rs1320
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10TOTAL TAXABLE INCOME [COL 7 - COL 9]Rs-50220
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S.NO DETAILS
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11DEDUCTION UNDER CHAPTER - VI.A
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[iv] U/S 80 D : MEDICAL INSURANCE PREMIUM PAID IN THE NAME OF ASSESSEE,SPOUSE DEPENDENT PARENTS OR CHILD [ MAX Rs 25000]Rs3600
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[v] U/S 80 DD : EXPENSES ON MEDICAL TREATMENT ETC & DEPOSIT MADE FOR MAINTAINANCE OF HADICAPPED DEPENDENTS [ MAX Rs 100000 ]Rs
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[vi] U/S 80 DDB : MEDICAL EXPENSES TOWARDS TREATMENT OF ASSISTANCE OR HIS/HER DEPENDENT SPOUSE OR PARENTS CHILDREN FOR NOTIFIED [ MAX Rs 45000]Rs
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[vii] U/S 80 E :REPAYMENT OF LOAN FOR HIGHER STUDIES AVAILED BY ASSESSEE[100%]Rs
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[viii] U/S 80 G : DONATION FOR CHARITABLE PURPOSE 50% FOR SOME ITEMS,AND 100% FOR SOME ITEMS [P.M N. RELIEF FUND/CM RELIEF FUND / SRILANGA TAMILAN RELIEF FUND.Rs
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[ix] 80.G : DONATION FOR SCIENTIFIC RESEARCH OR RURAL DEVELOPMENTRs
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[x] 80.QQB : DONATION FOR ROYALTY [Rs 300000]Rs
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[xi] 80.U : DONATION IN RESPECT OF TOTALLY BLIND OR MENTALLY RETARDED OR
PHYSICALLY HANDICAPPED PERSONS (RS 75000)		Rs
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TOTAL [ iv to xi]Rs3600
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12NET TAXABLE INCOME[ COL 10 - COL 11]Rs-53820
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13ROUNDED TO NEAREST TENRs-53820
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14TAXABLE INCOME
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UPTO RS 250000 TAXRsNIL
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RS 250001 to 500000 5% TAX
250000*5%Rs12500
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RS 500001 to 100000 20% TAX
500000*20%Rs100000
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RS 100001 and above 30% TAX
-1053820*30%Rs-316146
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TOTAL TAXRs-203646
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15Less Rebate U/S 87A (Taxable Income Below 5 Lakhs deduction Rs 12,500)Rs
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16NET TAX PAYABLE ( Col 14- Col 15)Rs-203646
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17ADD EDUCATION CESS@ 4% ON TAX PAYABLERs-8146
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18TOTAL TAX PAYABLE FOR 2023 -2024 [ col 16 + col 17 ]Rs-211792
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19LESS TAX ALREADY DEDUCTED FOR 2023-2024 (up to Jan 2024 Month Pay Bill)Rs0
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20NET TAX PAYABLE / REFUNDABLE 2023-2024 (Feb 2024 Month Pay Bill)Rs-211792
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(-203646+-8146
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CERTIFICATE :
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1.Certified that I am contributing a sum of Rs towards PFS and a sum of Rs towords LIC premium and policies are kept alive.
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2. Certified that I have purchased/intend to purchase NSC/NSS Rs (Certificate No ………………………...……………………………..)
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3. Certified that I have purchased/intend to purchase inftrastructure bonds Rs (Certificate No………………………..………………..)
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4. Certified that the paticulars furnished above by me are correct.
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5. Certified that I am occupying a house allotted by the accomodation controller PWD/TNHB on payment of Rs /month.
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6. Certified that I am occupying a rental house paying a monthly rent of Rs only.
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SIGNATURE OF HEAD
SIGNATURE OF ASSESSEE
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PARTICULARS OF LIC / PLI PREMIUM
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SI.POLICY NAME OF THERELATIONSHIPAMOUNT MONTHLY AMOUNT OF
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N0NUMBERPOLICY HOLDERINSURED RsPREMIUM PREMIUM
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1
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2
89
3
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TOTAL0
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TUTION FEES DURING THE YEAR 2023-2024
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SI.Name of theChildDATE OF RECEIPT AMOUNT
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N0SCHOOLNamePAYMENTNORs
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1
95
2
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Total0
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STATEMENT SHOWING PAY AND ALLOWANCES DRAWN FOR THE YEAR 2023-2024
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MONTH AND YEARPAYD.AH.R.AM.ASA / PPOATotalTPF SubsFBFNHISSPFPLIITSur charge 4%Total Deduction
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Mar-230320030035001103000410