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COMPUTATION OF INCOME

Name of Assessee RAKESH GARG


Father's Name Shri Shyam Lal Garg
Address 138, Pocket-D
Dilshad Garden,
4 Deduction Delhi-95
Date of Birth 04.03.1970
Status Individual
PAN No. AEXPG0906J
Ward No.
Accounting year 31.03.2007
Assessment Year 2007-2008

1. INCOME FROM SALARY

SALARY 180000
Conveyance Allowance 9600 170,400.00

3.INCOME FROM HOUSE PROPERTY


(Bank interest) (49,500.00)

2.INCOME FORM BUSINESS & PROFESSION


(Profit & Loss a/c attached) 8,760.00

3. INCOME FROM OTHER SOURCES


i)Interest on S/A 36
ii) Income form Interest 4200 4,236.00

GROSS TOTAL INCOME 133,896.00

Less: DeductionU/s Chapter VI A


Repayment of H.Loan 7,986.00
Tution Fees 20,400.00 28,386.00
Taxable income 105,510.00

COMPUTATION OF INCOME

Name of Assessee RAKESH GARG


Father's Name Shri Shyam Lal Garg
Address 138, Pocket-D
Dilshad Garden,
Delhi-95
Date of Birth 04.03.1970
Status Individual
PAN No. AEXPG0906J
Ward No.
Accounting year 31.03.2006
Assessment Year 2006-2007

1. INCOME FROM SALARY


Basic 90200
H.R.A. 33000
Conveyance Allowance 8800
132000
LESS;
H.R.A. 32980
Conveyance Allowance 8800 41780 90,220.00

H.R.A.
Actual Received 33000
Actual Paid 42000
50% of Salary 45100
Excess Paid obver 10% 0f salary
(Rs.42000.00- Rs.9020.00) 32980
Hence 32980/- is less in all

2.INCOME FORM BUSINESS & PROFESSION


(Profit & Loss a/c attached) 3298.81

3. INCOME FROM OTHER SOURCES


i)Interest on S/A & Others 1047
ii) Income form Hire Charges 18000 19,047.00
Hire Charges Recevied 48000.00
Less: Expenses 30000.00 GROSS TOTAL INCOME 112565.81

Less: Deduction U/s 80C 5,904.00


(Deposited with insurance)
TOTAL INCOME 106661.81

ROUNDED OFF 106660

TOTAL TAX DUE 666


ADD;E.Cess 14
Total Tax Due 680
Less: T.D.S. 1004
Less: Tax Paid NIL
REFUND 324

RAKESH KUMAR GARG