INCOME TAX COMPUTATION STATEMENT

SUMANTA RAGAVENDRA
CHANDNI CHOWK ,DELHI,

Status:- Individual Fin. Year:- 2017-18

PAN:- XYZ Ass. Year:- 2018-19
DOB:- 8/6/1994

Computation of Taxable Income

Amt.(Rs) Amt.(Rs)
1) Income From Business or Profession

Net income from Business- Building material Supply 245,000.00

in Trade Name "Sumanta Traders"
Deemed Profit as per prov.of Sec 44 AD of Income tax Act

1) Income From Other Sources

Interest received From Saving Bank - -

Other Income-Interest from Others 48,000.00 48,000.00

Gross Total income 293,000.00

Less: Deduction U/s Chapter VI A:

U/S 80C- insurance & other deduction -
U/S 80D- Mediclaim -
U/S 80TTA-Interest on saving bank A/c -
Net Taxable income 293,000.00

Computation of Total Income Tax

Tax On Net Income 2,150.00

Less: Rebate U/s 87A 2,150.00
Tax After Rebate -
Add: Education Cess -
Total Tax Payable -
Add: Interest U/S 234 (A) -
Add: Interest U/S 234 (F) -
Tax payable -
Less TDS deducted -
Less: Self Assesment Tax Paid Round up to -
Tax Refundable/Payable -
Proprietor