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Submission of Income Details & proof of savings for income tax financial year 13-14: CPCB Order

Central Pollution Control Board, New Delhi

File No. AC-101/05/VG/2013-14/

September 24, 2013
CIRCULAR

Subject: Income details & proof of savings for tax calculation / deduction purposes for FY 2013-2014

The government of India imposes an income tax on taxable income of individuals. Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961. The Indian Income Tax Department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance, Govt. of India. Income tax is a key source of funds that the government uses to fund its activities and serve the public.

Section 192 of the I.T.Act, 1961 provides that every person (DDO in case of CPCB) responsible for paying any income which is chargeable under the head ‘salary, shall deduct income tax on the estimated income of the assessee under the head salaries. The tax is required to be calculated at the average rate of income tax as computed on the basis of the rates in force. The deduction is to be made at the time of the actual payment. However, no tax is required to be deducted at source, unless the estimated salary income exceeds the maximum amount not chargeable to tax applicable in case of an individual during the relevant financial year. The tax once deducted is required to be deposited in government account and a certificate of deduction of tax at source (also referred as Form No.16) is to be issued to the employee. Finally, the employer/deductor is required to prepare and file quarterly statements in form No.24Q with the Income-tax Department PAN and address are mandatory. If not furnished, tax at source is to be deducted at the prescribed rates or 20% whichever is higher without giving any rebate/deduction.
The proof of Income details & savings under various sections of Income Tax Act be submitted as per the following arrangements:

Arrangements By 30th November 2013 By 15th February 2014
Annexure I & II along-with proof of the savings
(self-attested) till Nov. 30th 2013.
Only the documentary proof (Annexure need not be
sent again) of the proposed savings (self-attested)
declared in annexure II.
Declaration Declaration of Proposed savings in the
prescribed column in annexure II  which are proposed to be made after 30th November 2013 for 2013-2014.
Proposed savings or proof of the savings will not be
considered after this date, even if submitted.
Last Date 30th November 2013 15th February 2014
In case, no declaration is received by November 30th 2013, due tax will be deducted as per the current tax structure.  soft copy of this circular & saving submission annexure are also available at the employees’ corner on the CPCB’s web-site i.e. http://www.cpcb.nic.in/employee/itcircular13-14.pdf & saving submission annexure http://www.cpcb.nic.in/employee/savingsubmission13-14.pdf at Intranet portal (http://10.24.84.156:8080/cpcb.htm).
(M.S. Bansal)
 Accounts Officer & I/C F&A

Encl.: As above

Income Tax on Salaries: New IT Circular 08/2013 NE

Income Tax Rates for the Financial Year 2013-2014

For All Assesses:
Upto Rs.2,00,000/- NIL
Rs. 2,00,010/- to Rs. 5,00,000/- @ 10% of (total income minus Rs.2,00,000)
Rs.Rs.5,00,010/- to Rs.10,00,000/- Rs. 30,000/- + 20% of (total income minus Rs. 5,00,000)
Rs.10,00,010/- & above Rs. 1,30,000/- + 30% of (total income minus Rs. 10,00,000)



Things one must know:

1. As per new section 87A wef AY 2014-2015 onwards:

An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his / her total income with which he/she is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.
2. Education Cess 2% +Secondary and Higher Secondary Education Cess 1% Education Cess is applicable (2%+1%)@ 3% on income tax
3. Threshold limit of exemption from personal income tax in the case of all assesses is Rs. 2,00,000. The threshold
limit for a resident woman assessee is also Rs.200,000, while for a resident senior citizen over 60 years is
Rs.2,50,000 and for senior citizen over 80 years is Rs.500,000.
4. The last date for filing of individual income tax return with the concerned ITO is 31st July 2014. For the Assessment year 2013-14, E-filing must for people with annual income above Rs 5 lakh.
5. Tax payers with salary income of up to Rs. 5 lakh and interest from savings bank accounts up to Rs.10,000 is required to file income tax returns in either mode manually or e.filing.

Copy to:

1. PS to CCB: – For kind information of CCB.

2. PS to MS: – For kind information of MS.

3. Incharge-I.T. Division- for publishing this circular on CPCB web-site & Intranet portal.

4. Divisional Incharges –

For information and circulation in the division please.

5. Incharge, Zonal Offices –

(i)For information and circulation in Zonal Office please.

(ii) The saving enclosures be checked by ZO Accounts Officials before forwarding to HO.

(iii) To update HO for payments of allowances paid locally on regular basis.

6. Notice Board

7. Master file

(M.S. Bansal)
Accounts Officer
& I/C F&A
Financial Year 2013-2014
Date:
__________________
CP
No.__________________
To,
The
Incharge- F&A Division,
Central
Pollution Control Board,
‘Parivesh
Bhawan’
East
Arjun Nagar, Shahadara,
Delhi-110032
Subject: –Submission of Income Details & proof
of savings for income tax financial year 13-14
Sir,
Please
find enclosed herewith my declaration of tax savings (at A-4 size papers) and
other income during the financial year 2013-2014 in annexure-I and annexure-II
duly supported with the documentary evidence(s) & self-attested as per the
following arrangements:
1.     The enclosures are serially numbered and
indicated against relevant column of proof of saving annexure.
2.     I also certify that particulars furnished
are true and correct to the best of my knowledge and belief.
3.     I also certify that these savings have
been made by me from my own salary income/ sources.
4.     Proof 
of  the  proposed 
savings  declared  in 
annexure  I  & 
II,  will  be 
submitted  latest  by  15
th
February
2014
.
5.      I understand if I am unable to submit the
self-attested saving proofs for the current savings by November 30
th 2013 & proposed savings evidences by 15th February 2014, due tax may be deducted from my
salary for the month of February and March 2014 without any further intimation
to me.
6.    I will be personally responsible to Income
Tax Department, Govt. of India, for all information pertaining to income tax
assessment.
Thanking you
Encl. Annexure –I and II
Yours
faithfully
Signature______________________________________
Name_________________________________________
CPCB
Extn. No._________________________________
Mobile
No._____________________________________
E.mail.
ID______________________________________
Annexure -1
CP No.
नाम (Name)
पदनाम (Designation)
PAN No.
(Encl.
copy of PAN Card)
Particulars for other income and savings:
(I)         
Income
from house property (Give full details)
01
Name  of  the 
owner  &  Co-owner 
of  the  House
Property
:
02
Address of House Property
(Enclose documentary evidence)
:
03
Whether it is a
a. Purchase
of ready built flat/house
:
b. Semi-built
up house; or
:
c. Piece   of   land;  
on   which   house  
is
:
constructed
04
Whether Housing loan taken, if yes,
:
a.   Name   
&    address    of   
the    bank/ Organisation; &
b.   Date   of  
loan   (attach   sanction  
/
 disbursement letter
from bank)
:
05
Date of possession of house along with completion
:
certificate
06
Whether
the House Property is Self Occupied
:
Yes
/
No
07
Whether any part of this House Property is let out
during
the financial year? If yes, give details.
08
Housing Loan Interest Due/Paid/to be paid during
:
the Financial Year ending 31st March 2014
(Attach   prescribed   certificate   from  
Money
Lender bank / Organisation)
09
Out  of  the 
above  Housing  Loan 
interest,  how
:
much
is being claimed this year as deduction
10
Whether 
Co-applicant  is  claiming 
any  deduction
from
his/her income
11
Interest  on  HBA 
for  Pre-construction  period
:
claimed
during this year
12
Source(s) for repaying the Housing Loan (Principal
:
and
Interest, both)
13
In case of Co-owner/Co-borrower, Give full details
:
about  his/her  employment 
/  profession  in  a
separate
sheet
14
House Property is declared in Annual Declaration
:
Yes
/
No
of
property statement to CPCB
(II)                
Other Income
declared:
1.
Honorarium
:
_______________________________________________
2.
Saving
Bank Interest
:
_______________________________________________
3.
FDR
Interest
:
_______________________________________________
4.
CPCB
T/C Society interest
:
_______________________________________________
5.
Monitoring
Allowance
:
_______________________________________________
6.       
Medical Bill Reimbursement( without
hospitalization),
If
taken more than
Rs.15,000/- during the year:
_________________________________________________
7.       Agricultural Income. (if more than Rs. 5,000 during the year):_______________________________________
(For determination of tax rate purposes
only)
  1. Any Other income (Give Full Details)
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(a)…………………………………..                :           ____________________________________________
(b).………………………………….                :           ____________________________________________
(c)…………………………………..                :           ____________________________________________
(III)         
Employees,
who are in receipt of house rent allowance (HRA) and want to get exemption of
HRA under section 10 (13A) in computing of total income, should furnish the
following particulars:
i)
Monthly
rent
:
In
support of claim, please provide
(i)  rent agreement; and
(ii) monthly rent receipts
ii)
House
Owner’ Name
:
Address
:
Telephone
No.
:
iii)
PAN
of House Owner
:
iv)
Address
of House taken on rent
:
v)
Total
Amount of rent paid / will be paid
during
the financial year 2013-14
:
April-13
May-13
June-13
July-13
Rs.
Rs.
Rs.
Rs.
Aug-13
Sep-13
Oct-13
Nov.-13
Rs.
Rs.
Rs.
Rs.
Dec-13
Jan-14
Feb-14
Mar-14
Rs.
Rs.
Rs.
Rs.
Certified that the particulars furnished by me in annexure-I are correct and
true to the best of my knowledge and belief.
Signature_____________________________
Date:
Annexure-II



DEDUCTION UNDER CHAPTER VI-A IN RESPECT OF PAYMENTS:
Deduction Under Section 80 (C),
80-CCC and
80-CCD
(aggregate amount of Maximum amount of Deduction
Rs.1,00,000/- or the amount of investment, which ever is lower)
Sl No.
Nature of Deduction
Amount of Investment
Deduction
under Section 80 (C):
(1a)
Life Insurance Premium (minimum holding period 2 years)- Which are
actually paid upto November 30th
2013
Name of
Policy No.
Sum
policy
Premium
Mode:
Premium
Insurance
Assured
term
Amount
Monthly/Qly/
Amount
Co.
Rs.
Half-yearly/Yearly
Rs.
1
2
3
4
5
6
5 X 6 = 7
LIC POLICIES
TAKEN BEFORE
APRIL 1, 2012
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LIC
POLICIES TAKEN AFTER APRIL 1, 2012
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(1b)
Life Insurance Premium (minimum holding period 2 years)- Which are to be
paid after November 30
th 2013
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Name of
Policy No.
Sum
policy
Premium
Mode:
Premium
Insurance Co.
Assured
term
Amount
Monthly/Qly/
Amount
Rs.
Hly/Yearly
Rs.
1
2
3
4
5
6
5 X 6 = 7
clip image013clip image014clip image015clip image015clip image016clip image015clip image016clip image015clip image017clip image018LIC
POLICIES TAKEN BEFORE APRIL 1, 2012
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LIC
POLICIES TAKEN AFTER APRIL 1, 2012
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Sl
Nature of Deduction
Savings
Proposed
No.
up to Nov 30th
Savings
13(Attach
after
Nov. 30
th
photocopy)
2013
(2)
Contribution for participating in ULIP of UTI, LIC etc
(minimum holding period 5 years)
(3)
Contribution
to Notified Mutual Funds
(4)
Principal Repayment of House Building Loan:
Payment  by  way 
of  installment  or 
part  payment  of 
loan  taken  for
purchase /
construction of a residential property (minimum holding
period 5 years)
(5)
Recognized
Mutual Funds
(6)
Post office five year time deposit scheme “PO TDR 1981”
(7)
Fixed deposit for 5 years or
more with schedule bank
(under tax saving scheme)
(8)
Amount
invested in approved debentures of, and equity shares in, a
public company engaged in infrastructure including power
sector
(9)
Tuition fees to  any 
University  /  College 
/Educational  Institution  in
India for full time education of any two children.
(10)
National Savings Certificates, VIII issue
Date of Purchase
Amount of NSC Rs.
(11)
Accrued Interest on NSC:
Date of Purchase
Amount of NSC Rs.
(12)
Contribution (not being repayment of
loan
) towards 15 years PPF
Scheme (max. limit Rs.
1,00,000/-)
(13)
Payment in respect of any non commutable deferred annuity
(UTI,LIC,
Kothari)
(14)
Contribution
towards an approved superannuation fund
Deduction under Section 80 (CCC):
(1)
Pension
fund (Maximum
Rs.1,00,000/-)
Name
of Fund
Date
of
Amount
of
Investment
Investment
(
Rs.)
Deduction
under Section 80 (CCD-1):
(1)
Employees’ contribution to
New Pension scheme of Central Govt.
(upto 10% of BP+DP+DA)



Deduction under Section 80 (CCD-2):
(1)
Employers’ contribution to
New Pension scheme of Central Govt. (upto 10% of BP+DP+DA)
Section 80 (CCG):
Deduction for Rajeev Gandhi Equity Saving Scheme (RGESS):
50% Tax deduction for those whose annual income is
below
Rs.10
lakh
and who
invest up to
Rs.50,000 in stocks.
The scheme is for individuals with
annual income of below
Rs.10 lakh, will have a lock-in period of 3
years.
Deduction under Section 80-D:
(1)
Medical insurance Premia:
(i)     
Part
I
: A deduction upto Rs.15,000 on the life of taxpayer, his/her spouse
and his/her dependent children;
Preventive
Health Check-up
:
A deduction of upto Rs.5,000/- for preventive health check-up of Self,
Spouse, Parent(s) or dependent children under section 80-D within the maximum
limit of
Rs.15,000/-.
(ii)    
Part
II
: Further a deduction upto Rs.15,000 is available on the life of father
and / or mother of the taxpayer.
(iii)   
An
additional deduction of
Rs.5,000/-
available if medi-claim policy is taken on the life of a resident who is at
least 60 years of age at any time during the previous year.
This is irrespective of whether they’re dependent on you or not. No
deductions can be claimed for in-laws.
Deduction under Section 80-DD:
(1)
Maintenance including medical treatment of a handicapped
dependent (having any disability of not less than 40%)
Available  Deduction 
 
Rs.50,000,  or 
actual  expenditure  incurred,
whichever is lesser. For severe handicap
conditions (more than 80%)
Rs.1,00,000 is the deduction limit.
Scope of Deduction – Deduction can be claimed for dependent
parents, spouse, children and siblings.
Please note that Dependent must not have claimed any
deduction for their disability.
Deduction under Section 80-DDB:
Medical expenditure on specified disease
or ailment:
(1)
Deduction of Rs.40,000 or Rs.60,000 (for
senior citizen above 60 years of age) in respect of medical expenditure on
specified disease or ailment incurred Expenditure must be actually incurred
by resident assessee on himself or dependant relative for medical treatment
of specified disease or ailment. The diseases have been specified in Rule
HDD. A certificate in form 101 is to be furnished by the assessee from any
registered doctor working in a Govt. Hospital) subject to reduction of amount
reimbursed by any Insurance company or CPCB
Deduction
under Section 80-E:
Interest on loan taken for higher studies:
Entire payment of interest on loan for
higher studies is deductible
for a maximum period of 8 years or until the above interest
paid in full, whichever is earlier
Deduction under Section 80-G:
Donations made for charitable purposes:
In
respect of section 80G, no deduction should be allowed by the employer/DDO,
from the salary income.
The
tax relief on such donations u/s 80G will have to be claimed by the taxpayer
in ITR.
However,
DDOs, on due verification, may allow donations to the following
bodies to the extent of 50% of the contribution”:
a)   The Jawaharlal Nehru Memorial Fund;
b)  
The
Prime Minister’s Drought Relief Fund;
c)  The National Children’s Fund;
d)  
The
Indira Gandhi Memorial Trust;
e)   The Rajiv Gandhi Foundation,
and to the following bodies to the
extent of 100% of the contribution:
1) The  
National   Defence  Fund  
or   the  Prime Minister’s National Relief Fund;
2)  
The
Prime Minister’s Armenia Earthquake Relief Fund;
3)  
The
Africa (Public Contribution-India) Fund;
4) The 
National   Foundation   for  
Communal Harmony;
5)  
The
Chief Minister’s Earthquake Relief Fund, Maharashtra;
6)  
The
National Blood Transfusion Council;
7)  
The
State Blood Transfusion Council;
8)  
The
Army Central Welfare Fund;
9)  
The
Indian Naval Benevolent Fund;
10)  
The
Air Force Central Welfare Fund;
11)  
The
Andhra Pradesh Chief Minister’s Cyclone Relief Fund, 1996; (12) The National
Illness Assistance Fund;
(13) The Chief Minister’s Relief Fund or
Lieutenant Governor’s Relief Fund, in respect of any State or Union
Territory, as the case may be, subject to certain conditions;
(14)    
The University or educational
institution of national eminence approved by the prescribed authority;
(15)   
The
National Sports Fund to be set up by the Central Government;
(16)   
The
National Cultural Fund set up by the Central Government;
(17)   
The
Fund for Technology Development and Application set up by the Central
Government;
(18)   
The
national trust for welfare of persons with autism, cerebral palsy mental
retardation and multiple disabilities.
Kindly check
the eligibility from the above list before putting any amount against this
column
Deduction
under Section 80 TTA:
(1)
A deduction upto Rs. 10,000/- in
aggregate is available in respect of any income by way of interest on
deposits (not being time deposits) in saving bank account with-
a. a banking company;
b. a co-operative society engaged in
carrying on the business of banking (including a co-operative land mortgage
bank or a co-operative land development bank); or
c. a post office
Deduction under Section 87A:
(1)
AS per new section 87A wef AY 2014-2015
onwards:
An assessee, being an individual
resident in India, whose total income does not exceed five hundred thousand
rupees, shall be entitled to a deduction, from the amount of income-tax (as
computed before allowing the deductions under this Chapter) on his / her
total income with which he/she is chargeable for any assessment year, of an
amount equal to hundred per cent of such income-tax or an amount of two
thousand rupees, whichever is less.
It means that tax credit of Rs 2,000 to
every person who has a total income up to Rs 5 lakh.
DEDUCTION UNDER CHAPTER VI-A IN RESPECT
OF CERTAIN INCOMES:
Deduction
under Section 80-U:
(1)
Income of a person with disability:
Not less than 40% of any disability
given in the aforesaid section and submission of a copy of certificate issued
by Medical Authority. Certificate should be obtained from a Govt. Doctor. The
relevant rule is Rule 11D. (Format may be taken from F&A Division, if
required). Subject to certain conditions and subject to fixed deduction of
Rs.50,000. A higher deduction Rs.1,00,000/- is available in respect of person with
severe disability over 80%.
The following details have been filled as
per the payslips provided by F&A Division every month and due tax have been
calculated as per the tax rates mentioned in the circular’s last page.
Income Details:
Months
House
Basic
+
Rent
Basic
Grade
Grade
Pay
Dearness
Allowa
Personal
Special
Transport
Others
TOTAL
Pay
Pay
=Total
Pay
Allowance
nce
Pay
Pay
Allowance
APR-13
MAY-13
JUNE-13
JULY-13
AUG-13
SEP-13
OCT-13
NOV-13
DEC-13
JAN-14
FEB-14
MAR-14
Arrears
Jan to
Mar-13
Arrears
July to
Sep-13
Other
arrears
CHILDREN EDUCATION
REIMBURSEMENT
HONORARIUM  / REMUNERATION
LEAVE ENCASHMENT
WHILE IN SERVICE
BONUS
MONITORING ALLOWANCE
OVER
TIME ALLOWANCE



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MEDICAL ALLOWANCE FOR CLINICAL
TREATMENT
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SAVING BANK INTEREST
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CPCB T/C SOCIETY INTEREST
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KISSAN VIKAS PATRA INTEREST
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FIXED DEPOSIT INTEREST
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NATIONAL SAVING CERTIFICATE INTEREST
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POST OFFICE SAVING BANK INTEREST
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ANY OTHER INCOME
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ANY OTHER INCOME
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TOTAL
INCOME (A)
Deduction U/s
AMOUNT
(
Rs.)
80-C,
80-CCC
Details as given
above in the annexure 1. (Max. 1 lac)
80-D
Details as given
above in the annexure 1. (Max. 0.15 lac)
80-DD
Details as given
above in the annexure 1.
80-DDB
Details as given
above in the annexure 1.
80-E
Details as given
above in the annexure 1. (No limit)
80-G
Details as given
above in the annexure 1.
80-CCD(1)
Details as given
above in the annexure 1.
80-CCD(2)
Details as given
above in the annexure 1.
80-CCG
Details as given
above in the annexure 1. (Max 0.25 lac)
80-TTA
Details as given
above in the annexure 1. (Max 0.10 lac)
80-U
Details as given
above in the annexure 1.
INTEREST ON HBA
Details as given
above in the annexure 1.
TOTAL DEDUCTIONS (B) :
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Balance (C)= (A – B)
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TAX on C
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AVERAGE TAX PER MONTH
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Certified that the particulars furnished by me in annexure-II are correct and
true to the best of my knowledge and belief.
Date:                                                                                                          Signature________________________

Name___________________________
  

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