Email ID: ravi.erabatti@gmail.

com
FY: 2017-18

Particulars Amount Amount1 Amount2

Gross salary as per Form 16 issued by SIEMENS LIMITED 659925 659925

Allowances exempt u/s 10

Conveyance -19200 -19200

Net salary before deduction u/s 16 640725

Deductions u/s 16 (tax on employment / professional tax)

Tax on employment as per Form 16 issued by SIEMENS LIMITED -2500 -2500

Total income from salaries 638225

Gross total income 638225

Less: Deduction under chapter VI A:

(Note: Deductions under chapter VI A are not available on

capital gains and on winnings from lottery, games, etc.)

Deduction u/s 80C/ 80CCC/ 80 CCD(1) (restricted upto 1.5 Lakhs)

Deduction u/s 80C

Other investment -109835 -109835

Other deductions under chapter VI A

Total deduction under chapter VI A -109835

Net income chargeable to tax 528390

Net income rounded off 528390

Tax on above income INCOME TAX

At normal rates 528390 18178

At special rates:

Long term capital gains @10% NIL 18178

Net tax payable 18178

Add: Education cess @3% 545

Total tax and cess payable 18723

Less: Taxes Paid

Tax deducted at source by SIEMENS LIMITED -1815 -1815

Add: Interest payable

For default in payment of advance tax (Under Section 234B) 676

For deferment in payment of advance tax (Under Section 234C) 853

For delay in filing income tax return 234F NIL 1529

Total taxes paid -1815

Tax payable / Refund receivable (rounded off to nearest ten rupees) 18440

The below information is for your reference and record

Details of tax exempt income:

Exempt Income U/S 10 19200