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  • AY2021-22 ARUN KUMAR-DTTPK8285A-Computation

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    Raghav Sharma
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    1) Arun Kumar filed his income tax return for the assessment year 2021-2022. 2) His total income was Rs. 4,07,000 consisting of a salary of Rs. 2,50,000 and other income of Rs. 1,58,170. 3) After deductions of Rs. 1,170 under section 80TTA, his taxable income was Rs. 4,07,000 on which no tax was payable due to basic exemption and tax credit under section 87A.

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    1) Arun Kumar filed his income tax return for the assessment year 2021-2022. 2) His total income was Rs. 4,07,000 consisting of a salary of Rs. 2,50,000 and other income of Rs. 1,58,170. 3) After deductions of Rs. 1,170 under section 80TTA, his taxable income was Rs. 4,07,000 on which no tax was payable due to basic exemption and tax credit under section 87A.

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    24 views2 pages

    AY2021-22 ARUN KUMAR-DTTPK8285A-Computation

    Uploaded by

    Raghav Sharma
    1) Arun Kumar filed his income tax return for the assessment year 2021-2022. 2) His total income was Rs. 4,07,000 consisting of a salary of Rs. 2,50,000 and other income of Rs. 1,58,170. 3) After deductions of Rs. 1,170 under section 80TTA, his taxable income was Rs. 4,07,000 on which no tax was payable due to basic exemption and tax credit under section 87A.

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    of 2

    ARUN KUMAR AY 2021-2022

    Address: MANAK ENCLAVE OPP. JOSEPH SCHOOL LUDHIANA


    Ludhiana, PUNJAB - 141003
    Mobile: 91-9988094344
    E-Mail: arunsharma8568975681@gmail.com

    Computation of Income (ITR1)

    PAN: DTTPK8285A Status: Individual


    Date of Birth 19/02/1995 Residential Status: Resident
    Father's Name: SURINDERPAL Gender: Male
    Bank A/C no.: 50100221020850 IFSC code: HDFC0000034
    E-Filing Status: Not E-Filed Aadhaar Card Number: 632574808007
    Selected tax regime OldRegime

    Tax Summary (Amount in 'Rs')

    Salary 2,50,000
    Other Sources 1,58,170

    Gross Total Income 4,08,170


    Less: Total Deductions - 1,170

    Rounded off from 4,07,000 as per


    Total Income (Taxable) Section 288A
    4,07,000

    Taxes are applicable as per normal provision


    Please refer Annexure for details
    Salary Income
    ARUN KUMAR PACKER 01/04/2020 - 31/03/2021
    Salary u/s 17(1) 3,00,000
    Net Salary 3,00,000

    Less: Deduction u/s 16 50,000


    Standard Deduction u/s 16(ia) 50,000

    Total Taxable Salary 2,50,000

    Other Income
    Interest Income from Saving Account 1,170
    Other Income 1,57,000
    Others - Driving 1,57,000
    Total 1,58,170

    Deductions
    Section Gross Amount Deductible Amount
    80TTA 1,170
    Total 1,170

    Income Tax
    Total Income 4,07,000
    Basic Exemption 2,50,000
    Income Tax (Before Tax Credit u/s 87A) 7,850
    Tax Credit u/s 87A 7,850
    Income Tax 0
    Payable 0

    Taxes Paid
    (TDS on Salary)

    TDS on Salary

    Tan Name Income Chargeable Tax Deducted


    ARUN KUMAR PACKER 3,00,000

    Bank Account Details

    SI No. IFSC Code Name of the Bank Account No.


    1 HDFC0000034 HDFC BANK LTD 50100221020850

    Signature

    For ARUN KUMAR

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