Proforma for Calculation of Income Tax for the year 2023-24 (Old Scheme)

( To be submitted in triplicate alongwith Attested Photostat copies of savings mentioned in Item No. G)

Name of the employee : Sunita Devi

Designation : Math Mistress
PAN : APXPD9632B
Office Name : GMSSSS KHEWRA
Rs. Rs.
A. Salary and other Beninifits: 1145536
( received during financial year 2023-24 )
B. Less: Income exemptu/s 10
1 Travel Concession or Assistance 0
2 House Rent Allowance 0
3 Fixed Conveyance Allowance (su. To actual expe) 0
4 Education Allwance Rs. 100 Per Month Per Child 0
Total 0 0
Income after exemption u/s 10 1145536
Less: Standered Deducation U/S 16 50000
Income after standered Deduction u/s 16 1095536
C Add: Income From House Property 0
Total 1095536
D Less : interest paid in case of self occupied residential house(upto Rs.30,000)
(Rs 2,00,000/- in case construction of house is completed from borrowed capital on or after 1.4.99) 200000

balance 895536
E Add: income from other sources including Interest from bank and other deposits or investments 0
F Gross Total Income 895536
G Add: Agriculture Income 0
H Total Income 895536
I Less: Deduction u/s 80c to 80ccf( Savings and investments made during the year)
a G.P.F/ N.P.S. 57438
b GIS- Recovery towards Group Insurance Scheme 360
c LIC- life insurance Premia Payment 0
d ULIP- contribution to unit- linked Ins. Plan UTI/LIC 0
e Payment of House Loan 552115
 f Tuition Fee(maximum for 2 children) 0
g Investement in NSC (viii issue) 0
h Accrued Interest on Nsc 0
i PPF 0
k Others 0
Total(limited to Rs 150000) 609913 150000
l Rajive Gandhi Equity Saving Scheme( Deduction Up to 50% of Max. 50,000) 0 0
m Less Deduction U/S 80E (Interest Paid on Loan for Higher Education) 0 0
n Self Contribution to NPS Account (Maximum 50000/-) 0 0
J Less: Deductions u/s 80D to 80U
i 80 D (Medical/Insurance Premiam upto 25000)…………………………………… 0 0
ii 80DD (Handicaped Dependent) 0
iii 80G ………………………………………… 0
iv 80U 0
v 80TTA (Interest of Bank Account Max. Rebet upto Rs. 10000/-)0 0
vi NPS 50000 0
K Total Deduction from 80C to 80U 200000
L Taxable Income(rounde off to nearest ten rupees) 695536 695540

M Computation of Tax rate Taxable Amount Tax amount

1. on first Rs 2,50,000 Nil Nil Nil
2. Rs 2,50,001 to Rs 5,00,000 5% 250000 12500
4. Rs 5,00,001 to Rs 10,00,000 20% 195540 39108
5. Exceeding Rs 10000001 30% 0 0
N Tax On Total Income Total 51608
O Rebet U/S 87A 0
P Tax Payable after rebet U/S 87A (item N-O) 51608
Q Less: Income Tax on Agriculture income 0
R Tax Payable after Rebet on agriculture income 51608
S Education, Health Cess &Higher Education cess@ 4% of above 2064
T Tax Payable ( item R+S) 53672
U Rebet U/S 89(1) 0
V Total Tax Payable 53672
W Tax Deduced at source (enclose certificates) issued u/s 203 53672
X Balance Tax to be paid 0
Y Refundable Tax Amount 0
verification
I ……………….... Do hereby declare that what is stated above is true to the best of my knowledge
and belief. Verified today the ……………… day of ……………. 2024

Place : GMSSSS KHEWRA

Date : 2-28-2024 …………… ……………… ……………
head of office Checked by signature of employee

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