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Computation of Total Income Income From Salary (Chapter IV A) 260000

Mohammad Hafeez Khan is filing his individual tax return for the 2019-2020 assessment year. He had a total income of Rs. 288950 consisting of Rs. 260000 from salary after standard deduction and Rs. 28950 from other sources in the form of petty interest. His tax due was Rs. 1948 which was fully rebated under section 87A resulting in a tax payable of Rs. 0.

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433 views

Computation of Total Income Income From Salary (Chapter IV A) 260000

Mohammad Hafeez Khan is filing his individual tax return for the 2019-2020 assessment year. He had a total income of Rs. 288950 consisting of Rs. 260000 from salary after standard deduction and Rs. 28950 from other sources in the form of petty interest. His tax due was Rs. 1948 which was fully rebated under section 87A resulting in a tax payable of Rs. 0.

Uploaded by

jassi7nishad
Copyright
© © All Rights Reserved
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Name of Assessee MOHAMMAD HAFEEZ KHAN

Father's Name KARIM KHAN


Address HOUSE NO 110,ANAND
NAGAR,TELIBANDHA,RAIPUR,RAIPUR,RAIPUR,RAIPUR,CHHATTISGARH,
492001
Status Individual Assessment Year 2019-2020
Ward Year Ended 31.3.2019
PAN ATLPK2373A Date of Birth 15/07/1983
Residential Status Resident Sex Male
Filing Status Original
Aadhaar No: 246452984875 Passport No.:
Bank Name BANK OF BARODA, RAIPUR BRANCH,MAHAVIR GOSHALA COMPLEX,
MAUDAHAPARA, K.K. ROAD,RAIPUR,492001 ,MICR:492012002, A/C
NO:05100100021461 ,Type: Saving ,IFSC: BARB0RAIPUR
Tele: Mob:7869999601

Computation of Total Income

Income from Salary (Chapter IV A) 260000

BEATS AND DANCE ACADEMY


ANAND NAGAR RAIPUR CHATTISHGARH-492001
Salary 300000
Less: Standard Deduction u/s 16(ia) 40000
260000

Income from Other Sources (Chapter IV F) 28950

PETTY INTEREST 28950

Gross Total Income 288950

Total Income 288950


Round off u/s 288 A 288950
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

Tax Due 1948


Rebate u/s 87A 1948
0
Tax Payable 0

Tax calculation on Normal income of Rs 288950/-


Exemption Limit :250000
Tax on (288950-250000) =38950 @5% = 1947

Signature
(MOHAMMAD HAFEEZ KHAN)
CompuTax : 444 [MOHAMMAD HAFEEZ KHAN]

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