ANTICIPATORY INCOME STATEMENT 2016-17

(As per the provisions of Union Budget 2016)

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www.alrahiman.com
Name

SHARMILA BEEGUM

Office

RRV GHSS KILIMANOOR

156190

PEN

PAN

Designation

HSST SeniorHG Botany

Place

Kilimanoor

ARVPS3611F

ENTER PAY PARTICULARS OF THE YEAR 2016-17

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 2016

72,000

6,480

1,750

80,230

10,000

500

600

Apr 2016

72,000

6,480

1,750

80,230

10,000

500

600

May 2016

72,000

6,480

1,750

80,230

10,000

500

600

Jun 2016

72,000

6,480

1,750

80,230

10,000

500

600

Jul 2016

72,000

6,480

1,750

80,230

10,000

500

600

Aug 2016

73,800

6,642

1,750

82,192

10,000

500

600

Sep 2016

72,000

6,642

1,750

80,392

10,000

500

600

Oct 2016

72,000

6,642

1,750

80,392

10,000

500

600

LIC

NPS
(PRAN)

PLI

Nov 2016

72,000

6,642

1,750

80,392

10,000

500

600

Dec 2016

72,000

6,642

1,750

80,392

10,000

500

600

Jan 2017

72,000

6,642

1,750

80,392

10,000

500

600

Feb 2017

72,000

6,642

1,750

80,392

10,000

500

600

965,694 120,000

6,000

7,200

Arrears
Total

0
865,800

78,894

21,000

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

Festival Allowance

Leave Surrender

2400

Deductions from Salary Income

1

To Deduct HRA, enter Rent Paid and payable during the year 2016-17

Entertainment Allowance

Professional Tax

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

2500

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)

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)

18000

Group Personal Accident Insurance Policy (GPAIS)

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)

12000
10

Developed By : alrahiman

OME STATEMENT 2016-17

ons of Union Budget 2016)

rahiman.com
HSST SeniorHG Botany

Kilimanoor

LARS OF THE YEAR 2016-17

s and likely figures for the coming months

Total
Deductions

11,100
11,100
11,100
11,100
11,100
11,100
11,100
11,100

11,100
11,100
11,100
11,100
0
133,200

ANNEXURE

SALARY PARTICULARS
SHARMILA BEEGUM S

Designation & Office

HSST SeniorHG Botany, RRV GHSS KILIMANOOR

HRA

CCA

Gross
Salary

PF

GIS

SLI

LIC

DA

Month &
Year

DEDUCTIONS

Basic

PAY

10

11

NPS
(PRAN)

Name

Mar 2016

72,000

6,480

1,750

80,230 10,000

500

600

Apr 2016

72,000

6,480

1,750

80,230 10,000

500

600

May 2016

72,000

6,480

1,750

80,230 10,000

500

600

Jun 2016

72,000

6,480

1,750

80,230 10,000

500

600

Jul 2016

72,000

6,480

1,750

80,230 10,000

500

600

Aug 2016

73,800

6,642

1,750

82,192 10,000

500

600

Sep 2016

72,000

6,642

1,750

80,392 10,000

500

600

Oct 2016

72,000

6,642

1,750

80,392 10,000

500

600

Nov 2016

72,000

6,642

1,750

80,392 10,000

500

600

Dec 2016

72,000

6,642

1,750

80,392 10,000

500

600

Jan 2017

72,000

6,642

1,750

80,392 10,000

500

600

Feb 2017

72,000

6,642

1,750

80,392 10,000

500

600

Total 865,800 78,894 21,000

0 965,694

20,000

6,000 7,200

Arrears

ANNEXURE

Y PARTICULARS
S

G Botany, RRV GHSS KILIMANOOR

PLI

FBS

Total
Deductio
ns

DEDUCTIONS

12

13

14

11,100

11,100

11,100

11,100

11,100

11,100

11,100

11,100

11,100

11,100

11,100

11,100

0 133,200

Back

ANTICIPATORY INCOME TAX CALCULATION - ASSESSMENT YEA

SALARY INCOME FOR THE FINANCIAL YEAR 2016-17
Name of Employee :

SHARMILA BEEGUM

Designation & Name of Office :

1 (a)

RRV GHSS KILIMANOOR

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.75,000 or If >80% disability 1.5 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 151200 (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.5000)

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

Balance tax to be deducted

25

No. of monthly installments tax to be paid

26

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

Kilimanoor
8/7/2016

Signature
SHARMILA BEEGUM S
HSST SeniorHG Botan
RRV GHSS KILIMANOO

Declaration
(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 2016-17

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

CALCULATION - ASSESSMENT YEAR 2017-18

FOR THE FINANCIAL YEAR 2016-17

PAN :

ARVPS3611F

PEN :

156190
965,694

RA, CCA, IR, DA/PR Arrear etc

0
2400

Incentive

968,094

ally incur expenditure by way of rent :

0
968,094
0
2500

2500
965,594

efore 1.4.1999 or 2 Lakh. Sec 24(b)

, Bank Interest or Other Sources)

0
965,594

Max 25000 + Parents 25000 / 35000

y or physically handicapped dependents (see Limit)

reatment of the employee for specified deceases

ken for higher education for self or dependend children

Interest bal 2014-15 (see conditions)

Rajiv Gandhi Equity Savings (see limit)

000 or If >80% disability 1.5 Lakh)

ritable institutions (see conditions)

Interest (Max. 10,000)

0
0

children (Salary deductions)

0
120,000

alary Deduction)

han salary deduction)

13,200
0
0

for a period of not less than 5 years

ual Fund / UTI

nsion fund set up by NHB

ny two children

p duty paid or purchase of property

of an eligible issue

nd, infra structure bonds of ICICI, IDBI etc

80C

18000
0
0
0
0

0
0
0

urance Policy (GPAIS)

LIC or any other issuer

Nil

o NPS (Max 10% of Basic + DA)

150000

is 151200 (Max. Rs.1,50,000)

tribution to NPS, Max Rs.50,000)

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

815,594
88,119
0

exceeds 1 Crore Rs

88,119

13 )

Nil

/s 87 A (Max Rs.5000)

88,119
2,644
90,763
0

[Use Form 10E]

90,763
12,000
78,763
10

7,880

nthly ( Roundedup 10)

SHARMILA BEEGUM S
HSST SeniorHG Botany
RRV GHSS KILIMANOOR

Declaration

t of HRA drawn is excluded from the Gross Salary)

do hereby declare that I am actually

of Rent of my residential accomodation to House No
Place

is

Name, Designation & Office

ncial Year 2016-17

omen), Hindu Undivided Families, Association of

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

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

tion limit is Rs.3,00,000

ww.alrahiman.com

30

low the age of 65 years has been removed

www.alrahim

of '250000' to '500000'. A Tax credit of Rs.5000 to every

otal income upto Rs.5,00,000.