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Updated Corecopy Fy 2021-22

This document provides a salary statement and income tax calculation for Raghuvir Tageja for the assessment year 2022-23. Some key details: - Raghuvir Tageja is 43 years old and works as a PGT at GSSS SARSA school. - His total income for FY 2021-22 was Rs. 12,000. After deducting Rs. 50,000 standard deduction under section 16(a), his net income from salary was -Rs. 38,000. - His gross total income was -Rs. 38,000. After deducting Rs. 720 under section 80C for GIS and Rs. 50,000 under section 80CC

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0% found this document useful (0 votes)
68 views4 pages

Updated Corecopy Fy 2021-22

This document provides a salary statement and income tax calculation for Raghuvir Tageja for the assessment year 2022-23. Some key details: - Raghuvir Tageja is 43 years old and works as a PGT at GSSS SARSA school. - His total income for FY 2021-22 was Rs. 12,000. After deducting Rs. 50,000 standard deduction under section 16(a), his net income from salary was -Rs. 38,000. - His gross total income was -Rs. 38,000. After deducting Rs. 720 under section 80C for GIS and Rs. 50,000 under section 80CC

Uploaded by

Priyanshu
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© © All Rights Reserved
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SALARY STATEMENT ASSESSMENT YEAR- 2022-23 Financial Year 2021-22 Your Age 43

NAME OF THE EMPLOYEE- RAGHUVIR TAGEJA Designation: PGT School GSSS SARSA PAN NO AGT
Any Income Total Net
S. No. Paid Month Pay DA HRA Any Oth Edu. All Medical Total NPS/ GPF
ded.
GIS Adv. Loan
Tax (13 to 19) (12-20)
1 Mar. paid in Apr. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
2 Apr. paid in May 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
3 May paid in June 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
4 June paid in July 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
5 July paid in Aug. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
6 Aug. paid in Sept. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
7 Sept. paid in Oct. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
8 Oct. paid in Nov. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
9 Nov. paid in Dec. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
10 Dec. paid in Jan. 0 0 0 0 0 1000 1000 0 0 60 0 0 2000 2060 -1060
11 Jan. paid in Feb. 0 0 0 0 0 1000 1000 0 0 60 0 0 0 60 940
12 Feb. paid in Mar. 0 0 0 0 0 1000 1000 0 0 60 0 0 0 60 940
13 DA Arrear - I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Arrear 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Edu Allowance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Any other arrear 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 LTC 0 0 0 0 0 0 0 0 0 0 0 0
GRAND TOTAL 0 0 0 0 0 12000 12000 0 0 720 0 0 20000 20720 -8720

Deductions u/s 10 Deductions U/S 80 C


Education allw. Deduction 0 If head is not mentioned here, add amount in any head Self occupied house loan Interest (Max Rs 200000)
House Rent allowance 0 NPS/GPF 0 Payment of Interest on house loan 0
GIS 720
Other Incomes to be added LIC 0 Deduction us 80 D
Income from House Property 0 Tution Fee 0 Medical Insurance Claim (max 25000) 0
any other Income (Interest) 0 House loan inst 0 Donation to Prime Minister relief fund 0
Any other 0 Interest on Saving Bank Account (upto 10,000) 0
PPF 0 others if any/U/S 80CCD(1B) 50000
Total 720

Signature of Employee DDO Signature and Stamp


software prepared by Dr. Raghuvir Tageja, Lecturer in Commerce, GSSS SARSA 9896034371

Prepared by: Dr. Raghuvir Tageja, Lecturer in Commerce, GSSS SARSA.


Form for Calculation of Income Tax for the Year 2021-2022 (Old Scheme)
(to be submitted in Triplicate along with Attested Photostat copies of Savings mentioned in item No. G)
A. Salary and other benefits: 12000
(Received during financial year 2021-2022 i.e. March 2021 to Feb 2022)
B Less: Income exempt u/s 10
1. Travel Concession or Assistance/ Children allowance deduction u/s 10 0
2. House Rent Allowance 0
3.Standard Deduction (Rs. 50000/- u/s 16 (a)) 50000
Total 50000 50000
Income from salary -38000
C. Add: Income from House Property 0
Total -38000
D. Less Interest paid in case of self occupied residential house (upto Ro. 30,000)
(Rs. 2,00,000/- in case conts. of house is completed within5 years from the date of borrowing) 0
(Additional Rs. 50000 if cost of house is upto Rs 50 lakhs and loan is upto Rs. 35 lakhs) Balance -38000
E. Add: Income from other Sources (inc,.interest from Bank and other deposits and inv.) 0

F. GROSS TOTAL INCOME -38000


G. Less: Deductions u/s 80C to 80CCF (Savings and investments made during the year)
i) GPF - Contribution towards Provident Fund /NPS 0
ii) GIS- Recovery Towards Group Insurance Scheme 720
iii) LIC- Life Insurance Premium Payment
iv) ULIP- Contribution to Unit -Linked Insurance Plan UTI/LIC 0
v) Repayment of House Loan 0
vi) Tution Fees 0
vii) Investment in NSC (VIIIth & Ixth issue)
viii) Accrued interest on NSC-excluding last year's interest
xi) Any other______________________ 0
x) Any other_____________________ppf 0
Total (limited upto 150000) 720
Admissible amount 720
H. Less: Deduction u/s 80D to 80U
i) Medical insurance premium (upto 25,000) 0
ii) Donation to Prime Minister relief fund 0
iii) Interest on Saving Bank Account (upto 10,000) 0
iv) others if any/U/S 80CCD(1B) 50000 50000
Total Deduction 50720 50720
I. TAXABLE INCOME -88720
Rounded off to nearest 10 -88720

J. Computation of Tax Rate Amount


i) on First Rs. 2,50,000 Nil 250000 Nil
ii) Rs 2,50,001 to Rs. 5,00,000 5% -338720 0
iii) Rs. 5,00,001 to Rs. 10,00,000 20% -588720 0
iv) Exceeding Rs. 10,00,000 30% 0 0

Total 0
K. Tax Deduction u/s 87 A if taxable income is < Rs. 500000 12500
-12500 0
L. Health and Education cess @4% 0
M. Total Tax Payable 0
N. Tax Deducted at Source (enclosed certificate issued u/s 203) 20000
O. Balance to Be Paid (AMOUNT IS NEGATIVE SHOWS REFUND) -20000

Verification
I RAGHUVIR TAGEJA do hereby declare that what is stated above is true to the best of my knowledge
and belief verified today, the __________________________day of ___________________2022.
Place:________________________
Date:_________________________
(Signature of the Employee)

Prepared by: Dr. Raghuvir Tageja, Lecturer in Commerce, GSSS SARSA.


HEAD OF OFFICE CHECKED BY

Prepared by: Dr. Raghuvir Tageja, Lecturer in Commerce, GSSS SARSA.


Form for Calculation of Income Tax for the Year 2021-2022 (New Scheme)
(to be submitted in Triplicate along with Attested Photostat copies of Savings mentioned in item No. G)
A. Salary and other benefits: 12000
(Received during financial year 2021-2022 i.e. March 2021 to Feb 2022)
B Add: Income from House Property 0

C Add: Income from other Sources (inc,.interest from Bank and other deposits and inv.) 0

D GROSS TOTAL INCOME 12000


E TAXABLE INCOME
F Rounded off to nearest 10 12000

G Computation of Tax Rate amount Amount


i) on First Rs. 2,50,000 Nil 250000 Nil
ii) Rs 2,50,001 to Rs. 5,00,000 5% -238000 0
iii) Rs. 5,00,001 to Rs. 7,50,000 10% -488000 0
iv) Rs. 7,50001 to Rs 10,00,000 15% -738000 0
v) Rs. 10,00,000 to Rs. 12,50,000 20% -988000 0
vi) Rs. 12,50,001 to Rs 15,00,000 25% -1238000 0
vi) Exceeding Rs 15,00,000 30% 0 0

Total 0
H Tax Deduction u/s 87 A if taxable income is < Rs. 500000 12500
-12500 0
I Health and Education cess @4% 0
J Total Tax Payable 0
K Tax Deducted at Source (enclosed certificate issued u/s 203) 20000
L Balance to Be Paid (AMOUNT IS NEGATIVE SHOWS REFUND) -20000

Verification
I, RAGHUVIR TAGEJA do hereby declare that what is stated above is true to the best of my knowledge
and belief verified today, the __________________________day of ___________________2022.
Place:________________________
Date:_________________________
(Signature of the Employee)

HEAD OF OFFICE CHECKED BY

Prepared by: Dr. Raghuvir Tageja, Lecturer in Commerce, GSSS SARSA.

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