MANAGEMENT ASSIGNMENT

 SUBJECT : Income Tax II

 TOPIC : Form 16 /Filing of Income Details

 SUBMITTEDTO : Prof. Jisha

 SUBMITTEDBY : SUYASH PRAKASH

 REGISTRATION NO. : 17MG1A3135

 CLASS : BBA(SECTION-C)

 DATE : 2/01/2020
 [Part B (Annexure)

Details of Salary Paid and any other income and tax deducted
1. Gross Salary
(a) Salary as per provisions contained in section 17(1) Rs.
455060
(b) Value of perquisites under section 17(2) (as per Rs. 0.00
Form No. 12BA, wherever applicable)
(c) Profits in lieu of salary under section 17(3) (as Rs. 0.00
per Form No. 12BA, wherever applicable)
(d) Total Rs.45506
0
(e) Reported total amount of salary received from Rs. 0.00
other employer(s)
2. Less: Allowances to the extent exempt under section 10
(a) Travel concession or assistance under section Rs. 0.00
10(5)
(b) Death-cum-retirement gratuity under section Rs. 0.00
10(10)
(c) Commuted value of pension under section 10(10A) Rs. 0.00
(d) Cash equivalent of leave salary encashment Rs. 0.00
under section 10(10AA)
(e) House rent allowance under section 10(13A) Rs. 0.00
(f) Amount of any other exemption under section 10
clause … Rs. ...
clause … Rs. ...
clause … Rs. ...
clause … Rs. ...
clause … Rs. ...
… Rs. ...
(g) Total amount of any other exemption under section Rs. 0.00
10
(h) Total amount of exemption claimed under Rs. 0.00
section 10 [2(a)+2(b)+2(c)+2(d)+2(e)+2(g)]
3. Total amount of salary received from current Rs.45506
employer [1(d)-2(h)] 0
4. Less: Deductions under section 16
(a) Standard deduction under section 16(ia) Rs.40000
(b) Entertainment allowance under section 16(ii) Rs. 0.00
(c) Tax on employment under section 16(iii) Rs. 2400
5. Total amount of deductions under Rs. 42400
section 16 [4(a)+4(b)+4(c)]
6. Income chargeable under the head Rs.41266
"Salaries" [(3+1(e)-5] 0
7. Add: Any other income reported by the employee under as per section 192 (2B)
(a) Income (or admissible loss) from house Rs. 0.00
property reported by employee offered for
TDS
(b) Income under the head Other Sources offered for Rs. 0.00
TDS
8. Total amount of other income reported by the Rs. 0.00
employee [7(a)+7(b)]
9. Gross total income (6+8) Rs.41266
0
10. Deductions under Chapter VI-A

Gross Deductib
Amoun le
t Amount
(a) Deduction in respect of life insurance premia, Rs. ... Rs.12160
contributions to provident fund etc. under section 0
80C
(b) Deduction in respect of contribution to certain Rs. ... Rs. 0.00
pension funds under section 80CCC
(c) Deduction in respect of contribution by Rs. ... Rs. 0.00
taxpayer to pension scheme under section
80CCD (1)
(d) Total deduction under section 80C, 80CCC Rs. ... Rs.12160
and 80CCD(1) 0
(e) Deductions in respect of amount paid/deposited Rs. ... Rs. 0.00
to notified pension scheme under section 80CCD
(1B)
(f) Deduction in respect of contribution by Rs. ... Rs. 0.00
Employer to pension scheme under section
80CCD (2)
(g) Deduction in respect of health insurance premia Rs. ... Rs. 2151
under section 80D
(h) Deduction in respect of interest on loan Rs. ... Rs. 0.00
taken for higher education under section
80E
(i) Total Deduction in respect of donations to Rs. ... Rs. ... Rs. 0.00
certain funds, charitable institutions, etc. under
section 80G
(j) Deduction in respect of interest on deposits in Rs. ... Rs. ... Rs. 0.00
savings account under section 80TTA
(k) Amount deductible under any other provision(s) of Chapter VI-A
section … Rs. ... Rs. ... Rs. ...
section … Rs. ... Rs. ... Rs. ...
section … Rs. ... Rs. ... Rs. ...
section … Rs. ... Rs. ... Rs. ...
section … Rs. ... Rs. ... Rs. ...
section … Rs. ... Rs. ... Rs. ...
… Rs. ... Rs. ... Rs. ...
(l) Total of amount deductible under any Rs. 0.00
other provision(s) of Chapter VI-A
11. Aggregate of deductible amount under Chapter VI- Rs.12375
A 1
[10(a)+10(b)+10(c)+10(d)+10(e)+10(f)+10(g)
+ 10(h)+10(i) 10(j)+10(l)]
12. Total taxable income (9-11) Rs.28809
0
13. Tax on total income Rs. 1945
14. Rebate under section 87A, if applicable Rs. 1945
15. Surcharge, wherever applicable Rs. 0.00
16. Health and education cess Rs. 0.00
17. Tax payable (13+15+16-14) Rs. 0.00
18. Less: Relief under section 89 (attach details) Rs. 0.00
19. Net tax payable (17-18) Rs. 0.00
Verificatio
n
I, NITIN JAYAVANT DHAVALE ,son/daughterof JAYAVANT RAMRAO DHAVALE
working in the capacityof AUTHORISED SIGNATORY (designation) do hereby certify
that the information given above is true, complete and correct and is based on the books
of account, documents, TDS statements, and other available records.
Place… Bangalore (Signature of person
responsible for deduction of
tax)
Date…16- June- 2019 Full Name :- NITIN JAYAVANT
DHAVALE

Notes:
Government deductors to fill information in item I of Part A if tax is paid without
production ofanincome-
taxchallanandinitemIIofPartAiftaxispaidaccompaniedbyanincome-tax challan.
Non-Government deductors to fill information in item II of PartA.
The deductor shall furnish the address of the Commissioner of Income-tax (TDS)
having jurisdiction as regards TDS statements of theassessee.
If an assessee is employed under one employer only during the year, certificate in
Form No. 16 issued for the quarter ending on 31st March of the financial year
shall contain thedetails of tax deducted and deposited for all the quarters of the
financialyear.
(i) If an assessee is employed under more than one employer during the year,
each of the employers shall issue Part A of the certificate in Form No. 16
pertaining to the period for which such assessee was employed with each of
theemployers.
(ii)PartB(Annexure)ofthecertificateinFormNo.16maybeissuedbyeachoftheemplo
yers or the last employer at the option of theassessee.
InPartA,initemsIandII,inthecolumnfortaxdepositedinrespectofdeductee,furnishtotal
amount of tax, surcharge and health and educationcess.
Deductor shall duly fill details, where available, in item numbers 2(f) and 10(k)
before furnishing of Part B (Annexure) to theemployee.]