It Computation

Gender(m/f) : f

K. Prema PAN No.

#27, Ayyan Street, Thiruvanaikkoil, Trichy - 620005 : AAEPP9916A Range

: IV (3)

Date of Birth

: 26-02-1944

Prev. Year

: 2006-07

Father's Name

: S. Krishnamurthy

Asst. Year

: 2007-08

Amount (Rs.)

Amount (Rs.)

Income from Salary Gross Salary Received from Srimad Andavan College Pension Received from SRC College

200,250 165,158 365,408

Income from House Property Annual Rent Received (Gross)

2,400

Less: Municipal Taxes

198

Net Annual Rent

2,202

Less: Deductions U/s 24 (a) Std. Deduction (b) Interest on Loan

661 Nil 661 1,541

Income from other Sources Interest Accrued on MIS Interest Accrued on NSC

27,211 14,341 41,552 Gross Total Income

Less: Deductions Under Chapter VI A U/s 80 C PF School Fees Paid Pension Fund LIC Premium PPF NSC NSC Interest ELSS

408,501

100,000 14,341 100,000

U/s 80 DD Medical Treatment of handicapped Dependent

50,000

Net Taxable Income

Tax Calculations for above Tax on above

24,050

Add: Surcharge @ 10%

-

Tax and Surcharge Payable

24,050

Add: Education Cess

481

Tax and Education Cess Payable

24,531

Less: Tax Deducted at Source

-

Net Tax Payable Add: Interest U/s 234 A U/s 234 B U/s 234 C

24,531

491 908 1,398

Self Assessment Tax Payable

25,929

Less: Tax Paid on Balance Tax Payable/(Refundable)

25,929

150,000 258,501 (OR) 258,500