INCOME TAX CALCULATION FOR YEAR 2013-14(A.Y.

2014-15)
NAME : SMT. NIDHIKA NAGORI

TEACHER

PAN : AAOPN7501- M

GOVT. PRI. SCHOOL, GOGLY GHATI

S. NO. MONTH BASIC

DA
HRA
OTHER
TOTAL
G.P.F.
S.I.
NPS
Mar-13
17570
12650
1757
0
31977
1450
900
1
Apr-13
17570
12650
1757
0
31977
1450
900
2
May-13
17570
14056
1757
0
33383
1450
900
3
Jun-13
17570
14056
1757
0
33383
1450
900
4
Jul-13
17570
14056
1757
0
33383
1450
900
5
Aug-13
18097
14477
1809
0
34383
1450
900
6
Sep-13
18097
14477
1809
0
34383
1450
900
7
Oct-13
18097
14477
1809
0
34383
1450
900
8
Nov-13
18097
14477
1809
0
34383
1450
900
9
Dec-13
18097
14477
1809
0
34383
1450
900
10
Jan-14
18097
14477
1809
0
34383
1450
900
11
Feb-14
18097
14477
1809
0
34383
1450
900
12
0
0
0
13 SURRENDER
BONUS
14
DA ARR(1/2 TO 3/12)
3822
3822
3822
15
DA ARR (7/12 TO 9/12)
16
PAY ARREAR
17
OTHER ARREAR
18
LIC PERSONNEL
19
TOTAL
214529
168807
21448
0 408606
21222
10800
1
2
3
4

5
6
7

INCOME : GROSS SALARY FOR YEAR 2013-14

LESS : ALLOWANCE TO EXEMPT U/S 10(14). HOUSE RENTAL ALLOWANCE U/S 10 (13-A)
INCOME CHARGEABLE UNDER THE HEAD SALARIES (1-2)
INCOME FROM HOUSE PROPERTY 4(a) - 4(b)
(a) (i) Self occupied - NIL
(ii)House rent received Rs.
(b)
30% of rent received
House loan interest
House Tax
less
0
77767
0
Income from Bank FDR/SB Int/NSC/KVP Int
Any Other Income / Family Pension
Total Other Income [4+5+6]

LIC
0
0
0
0
0
0
0
0
0
0
0
0

GIS/OTHERS

453
453
453
453
453
453
453
453
453
453
453
453

I. TAX
0
0
0
0
0
0
0
0
0
0
0
0
0

247

0
0
0
0
0

0
5436

247

0
408606
0
408606

(-)77767
0
TOTAL
77767
0
0
(-)77767

8
9
(A)
(a)
(b)
(c)
(d)
(e)
(B)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(C)
10
11

12
13
14
15

GROSS TOTAL INCOME (3+7)

330839
DEDUCTION UNDER CHAPTER VI - A

Other Deduction under Chapter VI - A

U/S 80 G Donation to charitable institution [max. 10% of Gross]
U/S 80 U For Physical handicapped and Blind person (max. Rs. 50000)
U/S 80 DD For Medical expenses of dependent handicapped (max. 50000)
U/S 80 E Rebate on paid Interest on Higher Education Loan
U/S 80 D Payment to Mediclaim Insurance Premium (max. 15000)

33000
0

Deduction

TOTAL DEDUCTION
Deduction of Income under section 80C [max. Limit 100000 + 20000 (infrastucture bonds)]
State insurance
G.P.F.
10800
(h)
Life Insurance Premium
Gr. Insurance
5436
(i)
N.S.C./ N.S.S
ULIP
0
(j)
P.P.F.
Repayment HBA
0
(k)
Pension plan Premium
Tution Fees ( Only for 2 child)
0
(l)
Interest accrued on NSC
Bank Fixed Deposit
0
(m)
CTD 10/15 Year
C. Pen. Scheme u/s 80CCD
0
(n)
Total of 9 (B) - [(a) to )n)]
Long term infrastruction bonds under section 80CCF (max. Rs. 20000 in addition to Rs. 100000)
NET TAXABLE INCOME (8 - 9A - 9B)
Income tax on above income as per column 10
F
Female
(a)
Education Cess 2% + Higher Education Cess 1 % on Tax
(b)
Total tax 8 (a + b)
(c)
Rebate Under Section 89 (1)
INCOME
TAX

Mar 13 to Sep 13
0

Oct 13 to Dec 13
0

Jan-14
0

Feb-14
0

Others
0

0
0
0
33000
0
33000
99844
21222
247
0
62139
0
0
0
99844
0

0
TOTAL TAX 8 (C) - 9
Total T.D.S.
0
Tax Payable/ Refundable

197995
0
0
0
0
0
0