INCOME TAX CALCULATION STATEMENT FOR THE YEAR 2001-2002

1 .Name :

2 .Designation . :

3 .Total Salary Income. :

(Pay+DA+HRA+SPL.Pay+P.P+IR+MA)..

4 .Less HRA Exempted Under Sec.10(13A) :

a) Actual HRA Received :

b) Actual rent paid in excess of 10% of salary :

(Pay+D.A) (ie actual rent paid minus10%of salary)

c) 40% of Salary in A class city :

d) HRA Exempted whichever is least :

5 .Salary Income 3 – 4 :

6 Standard Deduction of Salary(item5)1/3 subject to :

The maximum of Rs30,000/=upto1.5 lakh
More nthan 1.5to3Lakh Rs 25000

a) Professional Tax paid :

7 .Gross Total income 5-6(Nearest Ten Rs) :

Gujrath fund…………… :
8 .If physically handicapped or totally blind deduction of :
Rs.20000/= /US 80U,80D/88D..

9 . Total Income 7-8 :

10Tax total income 1996 -97 :

Rs.1 to 50000……..nil :
Rs.50001to 60000……10% :
Rs60001 to150000…..20% :
Rs15001&above……..30%
Total Tax……………….. :
: Less rebate@20%upto 1.5 lakh
Less rebate@15%above 1.5 lakh

11.Less Rebate at 20% of the following items :

(Rounded off nearest rupee)

GPF Subscription :
FBF
SBF ;
PLI/LIC Premium :
NSC, Accrued interest
Housing loan principle Max Rs 10,000 :

Total :

12.Tax Arrived :

13So far I.T Deducted :

14..Balance I.T Deducted :