ANTICIPATORY INCOME STATEMENT 2015-16

(As per circular No. 89/2015 Fin dtd 20/11/2015)

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www.alrahiman.com
Name

Rakesh P.

Designation

Associate Professor

Office

GEC Barton Hill, Department of Technical Education

Place

Trivandrum

612472

PEN

PAN

AHOPP3563G

ENTER PAY PARTICULARS OF THE YEAR 2015-16

Actual Figures for the past months and likely figures for the coming months
PAY
Month &
Year

Basic

DA

HRA

DEDUCTIONS

CCA

Gross
Salary

PF

GIS

SLI

Mar 2015

47,800

51,146

1,680

350

100,976

12,000

250

300

Apr 2015

47,800

51,146

1,680

350

100,976

13,000

250

300

May 2015

47,800

51,146

1,680

350

100,976

13,000

250

300

Jun 2015

47,800

51,146

1,680

350

100,976

20,000

250

300

Jul 2015

49,240

52,687

1,680

350

103,957

20,000

250

300

Aug 2015

49,240

55,641

1,680

350

106,911

20,000

250

300

Sep 2015

49,240

55,641

1,680

350

106,911

20,000

250

300

Oct 2015

49,240

55,641

1,680

350

106,911

20,000

250

300

LIC

NPS
(PRAN)

PLI

Nov 2015

49,240

55,641

1,680

350

106,911

20,000

250

300

Dec 2015

49,240

58,596

1,680

350

109,866

20,000

250

300

Jan 2016

49,240

58,596

1,680

350

109,866

20,000

250

300

Feb 2016

49,240

58,596

1,680

350

109,866

20,000

250

300

46,930

20,000

250

300

0 1,312,033 238,000

3,250

3,900

Arrears
Total

46,930
585,120

702,553

20,160

4,200

Specify any other items, that is to be added to salary (Leave Surrender, Festival allowance etc)
1

Festival Allowance

Leave Surrender

2500

Deductions from Salary Income

1

To Deduct HRA, enter Rent Paid and payable during the year 2015-16

Entertainment Allowance

Professional Tax

Interest on Housing Loan (Max Rs.30,000 before 1.4.1999 or 2 Lakh. Sec 24(b)

2500
200000

Income from other sources

1

Income from Business, Capital Gains, Bank Interest, etc

Deductions other than 80C

1

80-D Health Insurance-Mediclaim (Family Max 25000 + Parents 25000 / 30000

80-DDD Expense on treatment of mentally or physically handicapped dependents (see Limit)

80-DDB Expenditure incured on medical treatment of the employee for specified deceases

80-E Interest paid for Educational Loan taken for higher education for self or dependend children

80-EE New House Purchase Loan 2013-14 Interest bal 2014-15 (see conditions)

128000

80-CCG Notified Equity Savings Scheme-Rajiv Gandhi Equity Savings (see limit)

80-U For employee with disability (Rs.75,000 or If >80% disability 1.25 Lakh)

80-G Donations to Notified Funds and charitable institutions (see conditions)

80-TTA Deductions for Income from Bank Interest (Max. 10,000)

Dedcutions U/s 80C in addition to that specified in Salary Particulars

1

Contribution made ULIP, UTI, LIC (other than salary deduction)

Tax saver in scheduled bank / Post Office for a period of not less than 5 years

Purchase of NSC / Tax Saving Units of Mutual Fund / UTI

Contribution to any deposit scheme or pension fund set up by NHB

Tuition fee for the full time education of any two children

Principal part of HBA Repayment & Stamp duty paid or purchase of property

Subscription to equity shares, debentures of an eligible issue

Subscription to eligible units of mutual fund, infra structure bonds of ICICI, IDBI etc

Any other deduction under Chapter VI-A / 80C ( Specify Below )

a)
b)

Group Personal Accident Insurance Policy (GPAIS)

300

Dedcutions under Section 80CCC

1

Payment for annuity plan of the LIC or any other issuer (80CCC)

Relief on Arrear Salary

1

Relief calculated u/s 89(1). Please attach 10E Form

Tax already paid and Months remaining

1

Tax already deducted for this financial year

No. of months remaing this financial year (Upto February)

166000
2

Developed By : alrahiman

OME STATEMENT 2015-16

89/2015 Fin dtd 20/11/2015)

rahiman.com
Associate Professor

Trivandrum

LARS OF THE YEAR 2015-16

s and likely figures for the coming months

Total
Deductions

12,550
13,550
13,550
20,550
20,550
20,550
20,550
20,550

20,550
20,550
20,550
20,550
20,550
245,150

ANNEXURE

SALARY PARTICULARS
Rakesh P.

Designation & Office

Associate Professor, GEC Barton Hill, Department of Techn

HRA

CCA

Gross
Salary

PF

GIS

SLI

LIC

DA

Month &
Year

DEDUCTIONS

Basic

PAY

10

11

NPS
(PRAN)

Name

Mar 2015

47,800 51,146

1,680

350

100,976 12,000

250

300

Apr 2015

47,800 51,146

1,680

350

100,976 13,000

250

May 2015

47,800 51,146

1,680

350

100,976 13,000

250

Jun 2015

47,800 51,146

1,680

350

100,976 20,000

250

Jul 2015

49,240 52,687

1,680

350

103,957 20,000

250

Aug 2015

49,240 55,641

1,680

350

106,911 20,000

250

Sep 2015

49,240 55,641

1,680

350

106,911 20,000

250

Oct 2015

49,240 55,641

1,680

350

106,911 20,000

250

Nov 2015

49,240 55,641

1,680

350

106,911 20,000

250

Dec 2015

49,240 58,596

1,680

350

109,866 20,000

250

Jan 2016

49,240 58,596

1,680

350

109,866 20,000

250

Feb 2016

49,240 58,596

1,680

350

109,866 20,000

250

0 46,930

46,930 20,000

250

02,553 20,160

4,200

3,250

300

Arrears

Total 585,120

,312,033

38,000

ANNEXURE

Y PARTICULARS

essor, GEC Barton Hill, Department of Technical Education

PLI

FBS

Total
Deductio
ns

DEDUCTIONS

12

13

14

12,550

13,250

13,250

20,250

20,250

20,250

20,250

20,250

20,250

20,250

20,250

20,250

20,250

0 241,550

Back
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Back
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ANTICIPATORY INCOME TAX CALCULATION - ASSESSMENT YEA

SALARY INCOME FOR THE FINANCIAL YEAR 2015-16
Name of Employee :

Rakesh P.

Designation & Name of Office :

1 (a)

GEC Barton Hill, Department of Technical Educ

Gross Salary Income (includes Pay, DA, HRA, CCA, IR, DA/PR Arrear etc

(b)

Leave Surrender

(c)

Festival Allowance / Bonus /Ed-gratia and Incentive

(d)

Total Salary Income (a+b+c)

Deduct: HRA in case of persons who actually incur expenditure by way of rent :
(i)

Actual HRA received during this year

(ii)

Actual Rent paid in excess of 1/10 th of Salary

(iii)

50% of the Salary

(i) to (iii) whichever is least is excempted

Balance ( 1 - 2 )

Deduct
(a)

Entertainment Allowance

(b)

Professional Tax

Net Salary Income (3 - 4 )

Deduct interest on HBA (Max Rs.30,000 before 1.4.1999 or 2 Lakh. Sec 24(b)

Any other income (Business Capital gains, Bank Interest or Other Sources)

Gross Total Income (5-6+7)

9 (a)

80-D Health Insurance-Mediclaim (Family Max 25000 + Parents 25000 / 35000

(b)

80-DDD Expense on treatment of mentally or physically handicapped dependents (see Limit)

(c)

80-DDB Expenditure incured on medical treatment of the employee for specified deceases

(d)

80-E Interest paid for Educational Loan taken for higher education for self or dependend child

(e)

80-EE New House Purchase Loan 2013-14 Interest bal 2014-15 (see conditions)

(f)

80-CCG Notified Equity Savings Scheme-Rajiv Gandhi Equity Savings (see limit)

(g)

80-U For employee with disability (Rs.50,000 or If >80% disability 1 Lakh)

(h)

80-G Donations to Notified Funds and charitable institutions (see conditions)

(i)

80-TTA Deductions for Income from Bank Interest (Max. 10,000)

Deduct : Total of 9

10-1

25

(a)

Life Insurance premia of self, spouse and children (Salary deductions)

(b)

Contribution towars GPF / KASEPF

(c)

Contribution towars SLI, GIS, FBS, PLIC (Salary Deduction)

(d)

Other

(e)

Contribution made ULIP, UTI, LIC (other than salary deduction)

(f)

Tax saver in scheduled bank / Post Office for a period of not less than 5 years

(g)

Purchase of NSC / Tax Saving Units of Mutual Fund / UTI

(h)

Contribution to any deposit scheme or pension fund set up by NHB

(i)

Tuition fee for the full time education of any two children

(j)

Principal part of HBA Repayment & Stamp duty paid or purchase of property

(k)

Subscription to equity shares, debentures of an eligible issue

(l)

Subscription to eligible units of mutual fund, infra structure bonds of ICICI, IDBI etc

(m)

Any other deduction under Chapter VI-A / 80C

Group Personal Accident Insurance Policy (GPAIS)

0
10-2 (n)

80 CCC Payment for annuity plan of the LIC or any other issuer

10-3 (o)

80 CCD(1) Contribution of the employee to NPS (Max 10% of Basic + DA)

11

Deduction u/s 80C, 80CCC & 80CCD is 245450 (Max. Rs.1,50,000)

12

Deduction u/s 80CCD(1) ( Addl Contribution to NPS, Max Rs.50,000)

13

Total Income rounded to nearest multiple of ten rupees (8-9-10) Sec 288A

14

Tax on Total Income

15

Add Surcharge @10%, if the total income exceeds 1 Crore Rs

16

Income Tax and Surcharge Payable ( 12+13 )

17

Less Relief for the Income upto 5 Lakhs u/s 87 A (Max Rs.2000)

18

Tax Payable (14-15)

19

Educational Cess [@2% + 1% of (16)]

20

Total Tax Payable (16+17)

21

Less Relief for Arrears of Salary u/s 89(1) [Use Form 10E]

22

Anticipatory Tax Payable (18-19)

23

Tax already deducted for this year

24

Excess Tax Paid

25

No. of monthly installments tax to be paid

26

Amount of Income Tax to be deducted monthly ( Roundedup 10)

Trivandrum
17/03/2016

Signature
Rakesh P.
Associate Professor
GEC Barton Hill, Depar

Decleration
(Cases in which the amount of HRA drawn is excluded from the Gross Salary)

I do hereby declare th
incuring expenditure towards payment of Rent of my residential accomodation
.

Rs.
Palce :
Date :

Name, Designation &

Financial Year 2015-16

Tax Rates for individual (Men & Women), Hindu Undivided Families, Asso
Persons and Body of Individuals
Total Income (Rs)

Tax Rate (%)

Upto Rs. 2,50,000 *

Nil.

2,50,001 To 5,00,000

10

5,00,001 To 10,00,000

20

Above Rs.10,00,000

30

* In case of a resident individual of sixty years or more, but less than eighty year
excemption limit is Rs.3,00,000

* Relief for Tax Payers in the first bracket of '250000' to '500000'. A Tax credit of Rs.
person with total income upto Rs.5,00,000.

The category of women below the age of 65 years has been removed

CULATION - ASSESSMENT YEAR 2016-17

THE FINANCIAL YEAR 2015-16

PAN :

AHOPP3563G

PEN :

612472
1,312,033

A, IR, DA/PR Arrear etc

0
2500

ive

1,314,533

ur expenditure by way of rent :

0
1,314,533
0
2500

1.4.1999 or 2 Lakh. Sec 24(b)

Interest or Other Sources)

2500
1,312,033
200000
128000
1,240,033

5000 + Parents 25000 / 35000

hysically handicapped dependents (see Limit)

ent of the employee for specified deceases

r higher education for self or dependend children

st bal 2014-15 (see conditions)

andhi Equity Savings (see limit)

If >80% disability 1 Lakh)

institutions (see conditions)

st (Max. 10,000)

0
0

en (Salary deductions)

0
238,000

Deduction)

ary deduction)

7,150
0
0

eriod of not less than 5 years

nd / UTI

und set up by NHB

children

paid or purchase of property

eligible issue

ra structure bonds of ICICI, IDBI etc

0
0

300
0
0

Policy (GPAIS)

any other issuer

Nil

(Max 10% of Basic + DA)

150000

5450 (Max. Rs.1,50,000)

on to NPS, Max Rs.50,000)

of ten rupees (8-9-10) Sec 288A

1,090,033
152,010
0

ds 1 Crore Rs

152,010
Nil

(Max Rs.2000)

152,010
4,560
156,570
0

orm 10E]

156,570
166,000
9,430
2

Nil

Roundedup 10)

Rakesh P.
Associate Professor
GEC Barton Hill, Department of Technical Educat

ecleration

RA drawn is excluded from the Gross Salary)

do hereby declare that I am actually

ent of my residential accomodation to House No
Place

is

Name, Designation & Office

Year 2015-16

n), Hindu Undivided Families, Association of

Body of Individuals
Tax Rate (%)
Nil.
10
20

ars or more, but less than eighty years, the basic

imit is Rs.3,00,000

ww.alrahiman.com

30

he age of 65 years has been removed

www.alrahim

50000' to '500000'. A Tax credit of Rs.2000 to every

ncome upto Rs.5,00,000.