INCOME TAX STATEMENT T.D.S.

FOR THE YEAR 2015 - 16

Name of the Staff Designation Department

K.MUNIYASAMY Assiatant Professor-II EEE
PAN No. (attach Xerox copy) Period from To
BSWPM5920J 08/07/2011(DD/MM/YYYY) Till Date

I. Gross Salary received during the FY Rs. 507543

(Statement enclosed on page No: 2)

A. Less: LLP (if any) Rs. 0

B. Professional Tax (u/s 16(i)) Rs. 2346

C. Interest paid on Housing Loan Maximum Rs.1,50,000 Rs.

(Under sec-24(b) allowed only for self occcupied property)

II TOTAL DEDUCTIONS (A+B+C) Rs. 2346

III Gross TOTAL INCOME (I - II) Rs. 505197

D. DEDUCTIONS UNDER CHAPTER VI - A

DEDUCTIONS U/S 80 C

A. SAVINGS THROUGH SALARY

1. Life insurance premium for his life and for family members etc. Rs. 90840
2. Statutory provident fund contribution Rs. 27476
3. 15 year public provident fund Rs.
4. Sum deposited in 10 year or 15 year account under the post office Rs.
savings Bank account
5. National Savings Certificate VI and VII Issues Rs.
6. Sum paid as subscription to House Loan account scheme. Rs.
7. Payment of Tuition Fees (Excluding book money, uniform, amenities, Rs.
caution deposits etc.,) admission fees, special fees, term fees to any
University, college, school or other Educational Institution for two
children situated within India.
8. Investment in scheduled bank in Fixed deposit for 5 years or more Rs.
qualify for tax deduction under Tax Saver Scheme.

Qualifying amount (Restricted to Rs.1,50,000) Rs. 118316

B. U/S 80 E Interest payment on Education Loan avail for self and spouse. Rs.

C. i) U/S 80D - Mediclaim Insurance Premium paid (mediclaim) Rs.

(Maximum Rs. 15000)
ii) Further deduction upto Rs.15,000/- for mediclaim for his parents if Rs.
the parents are senior citizen Rs.20,000/- is deducted
iii) 80 TTA Interest on Savings Bank Account Exempted upto Rs. 10000 Rs.
(Note: Savings bank interest must be added to gross total income)

IV TOTAL DEDUCTIONS (A+B+C) Rs. 118316

V TOTAL TAXABLE INCOME (III - IV) Rs. 386881

 COMPUTATION OF TAX

Income Tax on Total Taxable Income

A First Rs. 2,50,000/- Nil

B Rs.2,50,000/- to Rs.5,00,000/- At 10% 13688

C Rs.5,00,000/- to Rs.10,00,000/- At 20% 0

D Above Rs.10,00,000/- At 30% 0

Tax on Total Income 13688

Less: Tax rebate u/s87A if Annual Income is below
Rs.5,00,000/- 2000

Net Tax Payable 11688

Add 3% Educational Cess 351

Total Tax Payable 12039

Advance Tax 12000 12039-9000= 39

Total Salary received from Employer for the period from 01.04.2016 to 31.03.2017

Grade Deductions
Month Basic Pay D.A. PDA Gross Salary
Pay
L.L.P P.F. Adv. Tax Prof. Tax

Apr-16 18750 7000 15938 41688 2250 1000

May-16 18750 7000 15938 41688 2250 1000

Jun-16 18750 7000 15938 41688 2250 1000

Jul-16 18750 7000 15938 41688 2250 1000

Aug-16 18750 7000 15938 41688 2250 1000

Sep-16 19313 7000 16416 42729 2318 1000 1173

Oct-16 19313 7000 16416 42729 2318 1000

Nov-16 19313 7000 16416 42729 2318 1000

Dec-16 19313 7000 16416 42729 2318 1000

Jan-17 19313 7000 16416 42729 2318 1000

Feb-17 19313 7000 16416 42729 2318 1000

Mar-17 19313 allowances

Admission 7000 and 16416
other 42729 2318 1000 1173
remuneration received from college such
as KLU, KIT.

Total 507543 0 27476 12000 2346

Signature of the Staff
 12575
472
472
472
75320 472
7520 8000 16246
75320 90840 30709

LIC PLI
14263 17580

136881
13688.1
1221