This document contains the computation of total income and tax payable for Madhuri Yelakanti for the assessment year 2021-22. It details her income from business/profession of Rs. 640,155 and other sources of Rs. 2,158, totaling gross income of Rs. 642,313. Allowable deductions under Chapter VI-A total Rs. 158,917, leaving taxable income of Rs. 483,396. With a tax rebate applied, the total tax payable is Rs. 0.
This document contains the computation of total income and tax payable for Madhuri Yelakanti for the assessment year 2021-22. It details her income from business/profession of Rs. 640,155 and other sources of Rs. 2,158, totaling gross income of Rs. 642,313. Allowable deductions under Chapter VI-A total Rs. 158,917, leaving taxable income of Rs. 483,396. With a tax rebate applied, the total tax payable is Rs. 0.
This document contains the computation of total income and tax payable for Madhuri Yelakanti for the assessment year 2021-22. It details her income from business/profession of Rs. 640,155 and other sources of Rs. 2,158, totaling gross income of Rs. 642,313. Allowable deductions under Chapter VI-A total Rs. 158,917, leaving taxable income of Rs. 483,396. With a tax rebate applied, the total tax payable is Rs. 0.
COMPUTATION OF TOTAL INCOME AND TAX PAYABLE FOR THE ASSESSMENT YEAR 2021-22
Name of Assesse MADHURI YELAKANTI ASSESSMENT
2021-22 Home Address H.No: 4-4-80, YEAR Gandhi Colony, Vikarabad Town, Vikarabad District-501101
Status Individual
Date of Birth 05/08/1992
PAN AONPY8698B
COMPUTATION OF TOTAL INCOME
A) INCOME FROM BUSINESS OR PROFESSION :
Gross Turnover declared under section 44AD 1,612,496.00
8% presumptive Income under section 44AD 129,000.00 Actual Income offered 640,155.00 640,155.00
B) INCOME FROM OTHER SOURCES
Interest received 2,158.00
GROSS TOTAL INCOME 642,313.00
DEDUCTIONS UNDER CHAPTER VI-A
Deductions under sec.80C LIC & Educational Expenses 110,417.00 Allowable Deduction under sec.80C - . Deduction under sec.80D - Deducion under sec.80GG - Rent Paid 48,500.00 Total Deductions under Chapter VI-A 158,917.00 TAXABLE INCOME 483,396.00
Rounded off under sec.288A 483,400.00
COMPUTATION OF TAX PAYABLE
Gross Tax on Taxable Income 11,670.00
Less: Tax Rebate under sec.87 (11,670.00) Gross Tax Payable - Add: Educational Cess & Higher Educational Cess - Tax Payable - Less: TDS Deducted - Total Tax payable - Add:Interest & Fees - Total Tax, Interest and Fee paid -