|
Particulars |
Amount |
Amount |
Amount |
|
A] Income from salary |
|
|
|
|
·
Basic pay |
XXX |
|
|
|
·
Taxable Allowances |
XXX |
|
|
|
·
Value of Perquisites |
XXX |
|
|
|
؞ Gross Salary |
XXXX |
XXXX |
|
|
Less: Deduction u/s 16 |
|
|
|
|
1.
Standard Deduction |
|
XXX |
|
|
2.
Entertainment Allowance |
|
XXX |
|
|
3.
Professional Tax |
|
XXX |
|
|
؞
Income from Salary |
|
XXXX |
XXXX |
|
B] Income from House
Property |
H1 |
H2 |
|
|
Step 1 Reasonable Expected Rent (least of the following two) |
|
|
|
|
·
Municipal Value OR Fair Rent (Whichever is Higher) |
XXX |
XXX |
|
|
·
Standard Rent |
XXX |
XXX |
|
|
؞ Reasonable Expected
Rent (Whichever is Lower i.e., 1&2) |
XXXX |
XXXX |
|
|
Step 2 Actual Rent (Annual Rent – Unrealized Rent) |
XXX |
XXX |
|
|
Step 3 Higher Between
Step 1 & Step 2 |
XXX |
XXX |
|
|
Step 4 Loss due to vacancy |
XXX |
XXX |
|
|
Step 5 ؞ Gross Annual Value (Step
3 - Step 4) |
XXX |
XXX |
|
|
Step 6 Less: Municipal Tax Paid |
XXX |
XXX |
|
|
Step 7 Net Annual Value |
XXXX |
XXXX |
|
|
Less: Deduction under section 24 |
|
|
|
|
1.
Standard Deduction (30% of Net Annual Value) |
XXX |
XXX |
|
|
2.
Interest on Capital/Loan |
XXX |
XXX |
|
|
؞ Income from House Property |
XXXX |
XXXX |
|
|
؞
Total Income From House Property |
|
XXXX |
XXXX |
|
C] Income from
Business or Profession |
|
|
|
|
Profit as per Profit and loss account |
|
XXX |
|
|
Add: Disallowed Expenses but Debited to Profit and
loss Account |
XXX |
XXX |
|
|
Less: Disallowed Income but Credited to
Profit and loss Account |
XXX |
XXX |
|
|
Less: Allowed Expenses but not Debited to Profit and
loss Account |
XXX |
XXX |
|
|
Add: Allowed Income but not Credited to Profit and loss Account |
XXX |
XXX |
|
|
؞ Income from Business
or Profession |
|
XXXX |
XXXX |
|
D] Capital Gains |
|
|
|
|
·
Short term capital gain |
|
XXXX |
|
|
·
Long term capital gain |
|
XXXX |
|
|
|
|
XXXX |
XXXX |
|
E] Income from other sources |
|
XXXX |
XXXX |
|
؞ Gross Total Income
(A+B+C+D+E) |
|
|
XXXX |
|
Less Income from Winnings from lotteries, Crossword Puzzles or races
including horse races card games, Short Term Capital Gain, Long Term Capital
Gain. |
|
|
XXXX |
|
؞ Gross Total Income (without
Lotteries, S.T.C.G & L.T.C.G.) |
|
|
XXXX |
|
Less: Deductions allowed u/s 80c to 80u |
|
|
XXXX |
|
؞ Total Income (without
Lotteries, S.T.C.G & L.T.C.G.) |
|
|
XXXX |
|
Add: Income from Winnings from lotteries, Crossword Puzzles or races
including horse races card games, Short Term Capital Gain, Long Term Capital
Gain. |
|
|
XXXX |
|
؞ Total Income |
|
|
XXXX |
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