ANTICIPATORY INCOME STATEMENT 2015-16

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

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Name

Designation

Office

Place
PAN

PEN

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

Mar 2015

Apr 2015

May 2015

Jun 2015

Jul 2015

Aug 2015

Sep 2015

Oct 2015

GIS

SLI

LIC

NPS
(PRAN)

PLI

Nov 2015

Dec 2015

Jan 2016

Feb 2016

Arrears

Total

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

Festival Allowance

Leave Surrender

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)

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)

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)

Developed By : alrahiman

OME STATEMENT 2015-16

89/2015 Fin dtd 20/11/2015)

rahiman.com

LARS OF THE YEAR 2015-16

s and likely figures for the coming months

Total
Deductions

0
0
0
0
0
0
0
0

0
0
0
0
0
0

ANNEXURE

SALARY PARTICULARS
0

Designation & Office

HRA

CCA

Gross
Salary

PF

GIS

SLI

LIC

DA

Month &
Year

DEDUCTIONS

Basic

PAY

10

11

NPS
(PRAN)

Name

Mar 2015

Apr 2015

May 2015

Jun 2015

Jul 2015

Aug 2015

Sep 2015

Oct 2015

Nov 2015

Dec 2015

Jan 2016

Feb 2016

Arrears

Total

ANNEXURE

Y PARTICULARS

PLI

FBS

Total
Deductio
ns

DEDUCTIONS

12

13

14

Back

ANTICIPATORY INCOME TAX CALCULATION - ASSESSMENT YEA

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

Designation & Name of Office :

1 (a)

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

(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 0 (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

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)

###
1/13/2016

Signature

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

CALCULATION - ASSESSMENT YEAR 2016-17

FOR THE FINANCIAL YEAR 2015-16

PAN :

PEN :

0
0

RA, CCA, IR, DA/PR Arrear etc

0
0

Incentive

ally incur expenditure by way of rent :

0
0
0
0

0
0

efore 1.4.1999 or 2 Lakh. Sec 24(b)

, Bank Interest or Other Sources)

0
0

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 Lakh)

ritable institutions (see conditions)

Interest (Max. 10,000)

0
0

children (Salary deductions)

0
0

alary Deduction)

han salary deduction)

0
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

0
0
0
0

0
0
0

urance Policy (GPAIS)

LIC or any other issuer

Nil

o NPS (Max 10% of Basic + DA)

is 0 (Max. Rs.1,50,000)

tribution to NPS, Max Rs.50,000)

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

0
0
0

exceeds 1 Crore Rs

13 )

/s 87 A (Max Rs.2000)

0
0
0
0
0

[Use Form 10E]

0
0
0
0

Nil

nthly ( Roundedup 10)

0
0
0

Decleration

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 2015-16

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.2000 to every

otal income upto Rs.5,00,000.