ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAEAFAGAHAIAJAKALAMANAOAPAQARASATAUAVAWAXAYAZBABBBCBDBEBFBGBHBIBJBKBLBMBNBOBPBQBRBSBTBUBVBWBXBYBZCACBCCCDCECFCGCHCICJCKCLCMCNCOCPCQCRCSCTCUCV
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BEST OPTION AND INCOME TAX CALCULATION FOR ALL CATEGORY SALARIED EMPLOYEES & PENSIONERS FOR ASSESSMENT YEAR 2025-26
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INCOME TAX STATEMENT CUM WORK SHEET FOR THE FINANCIAL YEAR 2024-25 (ALL AGE GROUP Upto 60, 60-80 & Above 80)
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NAME OF EMPLOYEE :Krishna dasPEN /
Pensioncode
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DESIGNATION &
NAME OF OFFICE :		RetiredPAN :
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TAN of
Deductor :
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525005000040000PARTICULARS OF SALARY / PENSION DRAWNAGE IF >= 60
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EARNINGSDEDUCTIONS SAME MONTH
SALARY ?		YES
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 MONTHPAYDAHRASP/HTA/
CCA		OtherP FSLIFBSGISLICNPSINCOME
TAX		TOTAL DEDUCTONSTOTAL EARNINGS
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123456789101112131415
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4/20244000000000000000040000
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5/20244000000000000000040000
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6/20244000000000000000040000
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7/20244000000000000000040000
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8/20244000000000000000040000
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9/20244000000000000000040000
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10/20244000000000000000040000
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11/20244000000000000000040000
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12/20244000000000000000040000
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1/20254000000000000000040000
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2/20254000000000000000040000
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3/2025400000000000000040000
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DA Arrto PF00000000
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DA Arr cash00000000
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PRArrtoPF00000000
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PRArr cash00000000
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PRA IntPF00000000
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PRA Intcash00000000
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IF Pension Benefits add000000 00
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Any additions to Salary00000000
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FA/Bonus/Ex10000000001000
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Total481000000000000000481000
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1- (a)Gross Salary Income (includes Pay, DA, HRA, CCA, IR,DA/PR Arrear,OT, SEL, FA/Bonus etc.)481000
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(b)Employer's Contribution to NPS0
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(c)Perquisite - u/s 17(2) 0
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(d)Profits in lieu of salary - u/s 17(3) if any0
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(e)Any amount (excess salary refunded/DCRG/Commutation/Terminal SEL/Pension benefits etc.,) to be excluded from salary income0
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1- Total Salary Income (a+b+c+d)481000
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2- Deduct: HRA in the case of persons who actually incur expenditure by way of rent:
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(I)Actual HRA received during the year
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(II)Actual rent paid in excess of 1/10th of the salary.
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(III)50% of Pay +DA ( in metros) & 40% elsewhere
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(I) to (III) whichever is least is exempted.0480000
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3- Deduct: Allowance to the extent exempt u/s 100
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4- Balance (1-2-3)481000
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5- Deduct:
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(a)Standard deduction - u/s 16 (ia) New regime 75000 ,IF Old regime 5000075000
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(b)Entertainment Allowance - u/s 16 (ii)0
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(c)Professional Tax - u/s 16 (iii)0
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6- Net salary income (4-5)406000
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7- Interest on HBA Deducted as loss in Income from House Property .(Max. Rs.30000 before1-4-99 or 2 Lakh Sec.24(b) 0
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8- Any other income (Business, Capital gains,Bank Interest or Other Sources) ബാങ്കു പലിശയടക്കമുള്ള മറ്റുവരുമാനങ്ങള്‍500000
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9- Any other TDS or TCS paid (ഡി.ഡി.ഒ മുഖാന്തിരമല്ലാതെ മറ്റുവരുമാനങ്ങളില്‍ നിന്നു പിടിച്ചിട്ടുള്ള നികുതി)50000
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10- Gross Total Income (6-7+8)906000
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11- (a)80D-Health Insurance & Checkup - Mediclaim (Family Max.50000 / 75000 / 100000 as the case of Sr.Citi)-ref rule6000
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(b)80DD-Expense on treatment of mentally or physically handicapped dependants(max 125000-ref rule)0
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(c)80DDB-Expenditure incurred on medical treatment of self / dependant for specified (see list) deceases.(max40000/100000sr.cit)0
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(d)80E-Interest paid for educational loan taken for higher education of self/dependent children(no limit) 0
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(e)80EE-New House purchase loan after 2016-17 Interest bal 2017-18 (see conditions)0
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(f)80CCG-Notified Equity Saving scheme-Rajiv Gandhi Equity Saving(see Limit)0
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(g)80U-For Employee with disability (Rs75000 or If >80% disability 1.25L)0
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(h)80G-Donations to relief Funds and charitable institutions Including CMDRF - (see conditions) 0
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(I)80GGC-Donations made to any Political party-incash 2000 only (see conditions) 0
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(j)80GG-for individuals who do not own a residential house & do not receive HRA (see conditions&Limit) 0
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(k)80TTA-Deduction for Income from any bank/PO SB Interest (Max. 10000)0
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(l)80TTB-Deduction for Income from any bank/PO FD Interest for senior citizens (Max. 50000)50000
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(m)80 CCD(1B) Employee's Contribution to NPS (Max. 50000 Addl – see conditions)0
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(n)80 CCD(2) Employer's Contribution to NPS (Max. 10% of PAY+DA-see conditions)0
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Deduct:Total of 1156000
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12(1) Sec. 80C
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(a)Life Insurance Premia of self, spouse and children (salary deduction)0
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(b)Contribution towards GPF/KASEPF0
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(c)Contribution towards SLI,GIS,FBS,PLIC,(salary deduction)0
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(d)Contribution made ULIP,UTI,LIC ( other than salary deduction)0
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(e)Tax saver in scheduled bank / Post Office for a period of not less than 5 years0
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(f)Purchase of NSC / tax saving units of Mutual Fund / UTI0
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(g)Contribution to any deposit scheme or pension fund setup by NHB0
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(h)Tution fees for the full time education of any two children.0
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(I)Principal part of HBA Repayment & stamp duty paid for purchase of property0
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(j)Subscription to equity shares , debentures of an eligible issue.0
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(k)Subcription to eligible units of mutual fund,Infrastructure bonds ICICI,IDBI etc.,0
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(l)Any other deduction Ch VIA/80C150000
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(m)0
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2- (n)80CCC-Payment for annuity plan of the LIC or any other insurer.0XNPNP1NP2tot
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3- (o)80CCD(1)-Contribution of employee to PPF/NPS (see conditions)015000000150000
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Deduction (Maximum Rs. 150000) : Total of 10150000150000150000150000
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13-Total Taxable income (10-11-12) നികുതി വിധേയ വരുമാനം (OLD REGIME)700000
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14-Tax on Total Income. (Below 60 yrs- 250000 വരെ 0 ,250001 to 500000 വരെ 5%,500001 to 1000000 വരെ 20%,1000000 മേല്‍ 30%)
 (60y & Above - 300000 വരെ 0 ,300001 to 500000 വരെ 5%,500001 to 1000000 വരെ 20%,1000000 മേല്‍ 30%)
 (80y & Above - 500000 വരെ 0 ,500001 to 1000000 വരെ 20%,1000000 മേല്‍ 30%) (OLD REGIME)		52500
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15-Add: Surcharge:Total income if exceeds 50 L 10%, if exceeds1Cr 15%, if exceeds 2Cr 25% & 37% if exceeds Rs. 5 Cr.0
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16-Income Tax and Surcharge payable.(14+15)52500
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17-Less: Rebate for income upto 5 Lakhs u/s 87A (OLD REGIME) max 125000
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18-Total Tax Payable (16-17)52500
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19-Health and Education Cess [@4% of (18)]2100
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20-Less: Relief for arrears of salary u/s 89(1) [Use form 10E]0
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21-Income Tax Payable on existing scheme option (18+19-20) ആകെ അടക്കേണ്ട ഇന്‍കം ടാക്സ് സംഖ്യ (OLD REGIME)54600
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22-Total Taxable income (1+8-O66) നികുതി വിധേയ വരുമാനം (NEW REGIME)906000
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23-Tax on Total Income. (ALL category- 300000 വരെ 0 ,300001 to 700000 വരെ 5%,700001 to 1000000 വരെ 10%,1000001 to 1200000 വരെ 15%,1200001to1500000വരെ 20% ,1500000മേല്‍ 30%) (NEW REGIME)40600
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24Add: Surcharge:Total income if exceeds 50 L 10%, if exceeds1Cr 15%, if exceeds 2Cr 25% & 37% if exceeds Rs. 5 Cr.0
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25Income Tax and Surcharge payable.(23+24)40600
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26Less: Rebate for income upto 7 Lakhs u/s 87A(NEW REGIME) max250000
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Marginal Rebate 87A (NEW PROVISION)-1654000