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Calculation of Income Tax - Illustrations - FY 2015-16 AY 2016-17: IT Circular 20/2015

Calculation of Income Tax to be deducted -Illustrations - FY 2015-16 AY 2016-17: IT Circular 20/2015
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9. CALCULATION OF INCOME-TAX TO BE DEDUCTED



INCOME-TAX DEDUCTION FROM SALARIES 
DURING THE FINANCIAL YEAR 2015-16 ASSESSMENT YEAR 2016-2016
UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961
Circular 20/2015
Dated the 2nd December, 2015

9. CALCULATION OF INCOME-TAX TO BE DEDUCTED:

9.1 Salary income for the purpose of section 192 shall be computed as follow:-

(a) First compute the gross salary as mentioned in para 5.1 including all the incomes mentioned in para 5.2 and excluding the income mentioned in para 5.3.

5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"

(b) Allow deductions mentioned in para 5.4 from the figure arrived at (a) above and compute the amount to arrive at Net salary of the employee

5.4 DEDUCTIONS U/S 16 OF THE ACT FROM THE INCOME FROM SALARIES

(c) Add income from all other heads- ‘House property’, ‘Profits & gains of Business or Profession’, Capital gains and Income from other Sources to arrive at the Gross Total Income as shown in the form of simple statement mentioned para 3.5. However it may be remembered that no loss under any such head is allowable by DDO other than loss under the Head “Income from House property”.

3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM "SALARIES"

(d) Allow deductions mentioned in para 5.5 from the figure arrived at (c) above ensuring that the relevant conditions are satisfied. The aggregate of the deductions subject to the threshold limits mentioned in para 5.5 shall not exceed the amount at (b) above and if it exceeds, it should be restricted to that amount.

5.5 DEDUCTIONS UNDER CHAPTER VI-A OF THE ACT

This will be the amount of total income of the employee on which income tax would be required to be deducted. This income should be rounded off to the nearest multiple of ten rupees.

9.2 Income-tax on such income shall be calculated at the rates given in para 2.1 of this Circular keeping in view the age of the employee and subject to the provisions of sec. 206AA, as discussed in para 4.8. Rebate as per Section 87A upto Rs 2000/- to eligible persons (see para 6) may be given. Surcharge shall be calculated in cases where applicable (see para 2.2).

2. RATES OF INCOME-TAX AS PER FINANCE ACT, 2015

6. REBATE OF Rs 2000 FOR INDIVIDUALS HAVING TOTAL INCOME UPTO Rs 5 LAKH [SECTION 87A]

9.3 The amount of tax payable so arrived at shall be increased by educational cess as applicable (2% for primary and 1% for secondary education) to arrive at the total tax payable.

9.4 The amount of tax as arrived at para 9.3 should be deducted every month in equal installments. Any excess or deficit arising out of any previous deduction can be adjusted by increasing or decreasing the amount of subsequent deductions during the same financial year.
***
ANNEXURE-I
SOME ILLUSTRATIONS
Example 1

For Assessment Year 2016-17

(A) Calculation of Income tax in the case of an employee (Male or Female) below the age of sixty years and having gross salary income of:

i) Rs.2,50,000/- ,
ii) Rs.5,00,000/- ,
iii) Rs.10,00,000/-
iv) Rs.20,00,000/-. and
v) Rs. 1,10,00,000/-

(B) What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:

Particulars
Rupees
Rupees
Rupees
Rupees
Rupees
(i)
(ii)
(iii)
(iv)
(v)
Gross Salary Income
2,50,000
5,00,000
10,00,000
20,00,000
1,10,00,000
(including allowances)
Contribution of G.P.F.
45,000
50,000
1,00,000
1,00,000
1,00,000

Computation of Total Income and tax payable thereon

ParticularsRupeesRupeesRupees
Rupees
Rupees
(i)
(ii)(iii)
(iv)
(v)
Gross Salary2,50,0005,00,00010,00,000
20,00,000
1,10,00,000
Less: Deduction U/s 80C
45,000
50,000
1,00,000
1,00,000
1,00,000
Taxable Income2,05,0004,50,0009,00,000
19,00,000
1,09,00,000
(A) Tax thereon
Nil
18,000*1,05,000
3,95,000
3095000
Surcharge
3095000
Add:
(i) Education Cess @ 2%.
Nil
360
2100
7,900
68,090
(ii) Secondary and Higher
Nil
180
1050
3950
34,045
Education Cess @1%
Total tax payable
Nil
18,540
1,08,150
406850
35,06,635
(B) TDS under sec. 206AA in
Nil
38,000
1,30,000
406850
35,06,635
case where PAN is not
furnished by the employee
include Rebate of Rs 2000 u/s 87A



Example 2
For Assessment Year 2016-17
Calculation of Income Tax in the case of an employee below the age of sixty years having a handicapped dependent (With valid PAN furnished to employer).
S.No.Particulars
Rupees
1
Gross Salary
4,20,000
2
Amount spent on treatment of a dependant, being person with
7000
disability (but not severe disability)
3
Amount paid to LIC with regard to annuity for the maintenance of
60,000
a dependant, being person with disability( but not severe
disability)
4
GPF Contribution
25,000
5
LIP Paid
10,000
6
Interest Income on Savings Account
12,000
Computation of Tax
S.No.Particulars
Rupees
1
Gross Salary
4,20,000
2
Add: Income from Other Sources
Rs 12,000
Interest Income on Savings Account
3
Gross Total Income
4,32,000
4
Less: Deduction U/s 80DD (Restricted to Rs.60,000/- only)
60,000
5
Less: Deduction U/s 80C (i) GPF Rs.25,000/-
35,000
(ii) LIP Rs.10,000/- = Rs.35,000/-
6
Less: Deduction u/s 80TTA on Interest Income on savings account
10000
(restricted to Rs 10000/-)
7
Total Income
3,27,000
8
Income Tax thereon/payable
5,700
(includes Rebate of Rs 2000 as per Section 87A)
9
Add:
(i). Education Cess @2%
114
(ii). Secondary and Higher Education Cess @1%
57
10
Total Income Tax payable
5,871
11
Rounded off to
5,870


Example 3
For Assessment Year 2016-17

Calculation of Income Tax in the case of an employee below age of sixty years where medical treatment expenditure was borne by the employer (With valid PAN furnished to employer).


S.No.Particulars
Rupees
1Gross Salary
5,20,000
2Medical Reimbursement by employer on the treatment of self and
35,000
dependent family member
3Contribution of GPF
20,000
4LIC Premium
20,000
5Repayment of House Building Advance
25,000
6Tuition fees for two children
60,000
7Investment in Unit-Linked Insurance Plan
30,000
8Interest Income on Savings Account
8,000
9Interest Income on Time Deposit
15,000

Computation of Tax
S.No.Particulars
Rupees
1Gross Salary
5,20,000
2Add: Perquisite in respect of reimbursement of Medical Expenses
20,000
In excess of Rs.15,000/- in view of Section 17(2)(v)
3Income from Other Sources
23,000
i)Interest Income on Savings Account
Rs 8,000
ii)Interest Income on Savings Account
Rs 15,000
4
Gross Total Income
5,63,000
5a.Less: Deduction U/s 80C
(i) GPFRs.20,000/-
(ii) LICRs.20,000/-
(iii) Repayment of House Building AdvanceRs.25,000/-
(iv) Tuition fees for two childrenRs.60,000/-
(v) Investment in Unit-Linked Insurance PlanRs.30,000/-
Total=Rs.1,55,000/-
Restricted to Rs. 1,58,000/-
b. Less : Deduction u/s 80TTA on Interest Income on savings
account (restricted to Rs 8000/- - available only on Savings
account interest) Rs 8000
Total deduction available Rs 1,58,000/-
1,58,000
6
Total Income
4,05,000
7Income Tax thereon/payable (after rebate u/s 87A)
15,800
8Add:
(i). Education Cess @2%
276
(ii). Secondary and Higher Education Cess @1%
138
9
Total Income Tax payable
14,214
10
Rounded off to
14,214


Example 4
For Assessment Year 2016-17

Illustrative calculation of House Rent Allowance U/s 10 (13A) in respect of residential accommodation situated in Delhi in case of an employee below the age of sixty years (With valid PAN furnished to employer).

S.No.Particulars
Rupees
1Salary
3,50,000
2Dearness Allowance
2,00,000
3House Rent Allowance
1,40,000
4House rent paid
1,44,000
5General Provident Fund
36,000
6Life Insurance Premium
4,000
7Subscription to Unit-Linked Insurance Plan
50,000

Computation of total income and tax payable thereon
S.No.Particulars
Rupees
1Salary + Dearness Allowance + House Rent Allowance
6,90,000
3,50,000+2,00,000+1,40,000 = 6,90,000
2
Total Salary Income
6,90,000
3Less: House Rent allowance exempt U/s 10(13A):
Least of:
(a). Actual amount of HRA received=
1,40,000
(b). Expenditure of rent in excess of 10% of salary
(including D.A. presuming that D.A. is taken
for retirement benefit) (1,44,000-55,000) =
89,000
(c). 50% of Salary(Basic+ DA)
=
2,75,000
89,000
Gross Total Income
6,01,000
Less: Deduction U/s 80C
(i) GPF
Rs.36,000/-
(ii) LIC
Rs. 4,000
(iii) Investment in Unit-Linked Insurance Plan
Rs.50,000/-
Total=Rs.1,14,000/-
90,000
3
Total Income
5,11,000
Tax payable
27,200
Add:
(i). Education Cess @2%
544
(ii). Secondary and Higher Education Cess @1%
272
Total Income Tax payable
28016
Rounded off to
28020


Example 5
For Assessment Year 2016-17

Illustrating valuation of perquisite and calculation of tax in the case of an employee below age of sixty years of a private company in Mumbai who was provided accommodation in a flat at concessional rate for ten months and in a hotel for two months ( With valid PAN furnished to employer).


S.No.Particulars
Rupees
1Salary
7,00,000
2Bonus
1,40,000
3Free gas, electricity, water etc. (Actual bills paid by company)
40,000
4(a)Flat at concessional rate (for ten month).
@ Rs.36000/month
3,60, 000
4(bHotel rent paid by employer (for two month)
1,00,000
4(c)Rent recovered from employee.
60,000
4(d)Cost of furniture.
2,00,000
5Subscription to Unit Linked Insurance Plan
50,000
6Life Insurance Premium
10,000
7Contribution to recognized P.F.
42,000

COMPUTATION OF TOTAL INCOME AND TAX PAID THEREON:
S.No.Particulars
Rupees
1Salary
7,00,000
2Bonus
1,40,000
3Total Salary(1+2) for Valuation of Perquisites
8,40,000
Valuation of perquisites
4(a)Perquisite for flat:
Lower of (15% of salary for 10 months=Rs.1,05,000/-)
and (actual rent paid= Rs 3,60,000) i.e. Rs. 1,05,000
4(b)Perquisite for hotel :
Lower of (24% of salary of 2 months=Rs 33,600)
and (actual payment= Rs 1,00,000) i.e. Rs
33,600
4(c)Perquisites for furniture(Rs.2,00,000) @ 10% of cost
Rs. 20,000
4(c)(i)Total of [4(a)+(b)+(c)] (1,05,000+ 33,600+ 20,000)Rs.158,600
Less: rent recovered
(-)Rs. 60,000
=
Rs. 98,600
4(d)Add
Perquisite for free gas, electricity, water etc. Rs.40,000 (+) Rs
98,600 [4(c)(i)] =Rs1,38,600
Total perquisites
1,38,600
5Gross Total Income (Rs.8,40,000+ 1,38,600)
9,78,600
6Gross Total Income
9,78,600
7Less: Deduction U/s 80C:
(i). Provident Fund (80C)
:42,000
(ii). LIC (80C)
:10,000
(iii). Subscription to Unit Linked Insurance Plan(80C) :50,000/-
Total
= 1,02,000
Restricted to Rs 1,02,000 u/s 80C
1,02,000
8Total Income
8,76,600
9Tax Payable
1,00,320
10Add:
(i). Education Cess @2%
2,006
(ii). Secondary and Higher Education Cess @1%
1,003
11Total Income Tax payable
1,03,329
12Rounded off to
1,03,330


Example 6
For Assessment Year 2016-17

Illustrating Valuation of perquisite and calculation of tax in the case of an employee below the age of 60 years of a Private Company posted at Delhi and repaying House Building Loan ( With valid PAN furnished to employer).


S.No.Particulars
Rupees
1Salary
4,00,000
2Dearness Allowance
1,00,000
3House Rent Allowance
1,80,000
4Special Duties Allowance
12,000
5Provident Fund
60,000
6LIP
10,000
7Deposit in NSC VIII issue
30,000
8Rent Paid by the employee for house hired by her
1,20,000
9Repayment of House Building Loan (Principal)
60,000
10Tuition Fees for three children (Rs.10,000 per child)
30,000

Computation of total income and tax payable thereon
S.No.Particulars
Rupees
1Gross Salary (Basic+DA+HRA+SDA)
6,92,000
Less : House rent allowance exempt U/s 10 (13A)
Least of:
(a). Actual amount of HRA received.
:Rs.1,80,000
(b). Expenditure on rent in excess of 10% of salary
(Including D.A.)assuming D.A. is included for
retirement benefits (1,20,000- 50,000)
:Rs. 70,000
(c). 50% of salary (including D.A)
: Rs. 2,50,000
70,000
2
Gross Total Taxable Income
6,22,000
Less: Deduction U/s 80C
(i).Provident Fund:
60,000
(ii).LIP:
10,000
(iii). NSC VIII Issue:
30,000
(iv). Repayment of HBA:
60,000
(v).Tuition Fees (Restricted to two children):
20,000
Total: 1,80,000
Restricted to 1,50,000
1,50,000

Total Income
4,72,000
Income Tax thereon/payable
20,200
Add:
(i). Education Cess @2%
404
(ii). Secondary and Higher Education Cess @1%
202
Total Income Tax payable
20,806
Rounded off to
20,810


Example 7
For Assessment Year 2016-17

A. Calculation of Income tax in the case of a retired employee above the age of sixty years but below the age of 80 years and having gross pension of:
iv) Rs.4,50,000/-,
v) Rs.8,00,000/- ,
vi) Rs. 12,50,000/-.

B What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:
Particulars
Rupees
Rupees
Rupees
(i)
(ii)
(iii)
Gross Pension
4,50,000
8,00,000
12,50,000
Contribution of P.P.F.
70,000
1,00,000
1,50,000

Computation of Total Income and tax payable thereon

Particulars
Rupees
Rupees
Rupees
(i)
(ii)
(iii)
Gross Pension
4,50,000
8,00,000
12,50,000
Less: Deduction U/s 80C
70,000
1,00,000
1,50,000
Taxable Income
3,80,000
7,00,000
11,00,000
Tax thereon (after rebate u/s 87A)
6,000
60,000
1,50,000
Add:
(i) Education Cess @ 2%.
120
1200
3000
(ii) Secondary and Higher Education Cess @1%
60
600
1500
Total tax payable
6,180
61,800
1,54,500
TDS under sec. 206AA in case where PAN is not
24,000
90,000
1,70,000
furnished by the employee



Example 8
For Assessment Year 2016-17

A. Calculation of Income tax in the case of a retired employee above the age of 80 years and having gross pension of:
i) Rs.5,00,000/-,
ii) Rs.8,00,000/- ,
iii) Rs. 12,50,000/-.

B What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:
Particulars
Rupees
Rupees
Rupees
(i)
(ii)
(iii)
Gross Pension
5,00,000
8,00,000
12,50,000
Contribution of P.P.F.
80,000
1,20,000
1,50,000

Computation of Total Income and tax payable thereon
Particulars
Rupees
Rupees
Rupees
(i)
(ii)
(iii)
Gross Pension
5,00,000
8,00,000
12,50,000
Less: Deduction U/s 80C
80,000
1,20,000
1,50,000
Taxable Income
4,20,000
6,80,000
11,00,000
Tax thereon
Nil
36,000
1,30,000
Add:
(i) Education Cess @ 2%.
720
2600
(ii) Secondary and Higher Education Cess @1%
360
1300
Total tax payable
Nil
37,080
1,33,900
B. TDS under sec. 206AA in case where PAN is
Nil
37,080
1,33,900
not furnished by the employee



Example 9 


Exemption u/s 10 (13A)
1. Mr. A, employed with XYZ Ltd. Up to 31.10.2015, received following emoluments :
S.No.
Particulars
Rupees
1.
Basic pay p.m.
13,000
2.
Bonus for the year received in July, 2015
72,000
3.
Club facility (for private use only) Expenditure by employer p.m.
700
4.
House Rent Allowance p.m.
2,800
5.
Employer’s contribution to URPF p.m. (Mr. A also made equal
1,000
contribution)
W.e.f. 01.11.2015, Mr. A joined PQR Ltd., with following pay package :
1.
Basic pay p.m.
18,000
2.
House Rent Allowance p.m.
1,600
3.
Club Facility (for private use only) Expenditure by employer p.m.
1,100
4.
Use of car for journey between office and residence – Employer’s
600
expenditure p.m.
5.
Employer’s contribution to RPF p.m. (Mr. A also made equal contribution)
2,000
Other particulars of Mr. A are as under :
1.
Mr. A resides at Amritsar paying a monthly rent of
3,500
2.
Mr. A’s income from other sources
95,000
3.
Mr. A contributed to LIC/PPR/NSC etc.
20,000
Compute Mr. A’s taxable income and tax liability for A.Y. 2016-17.


Computation of Tax
S.No.
Particulars
Rupees
1.
Income from Salary
(a) From XYZ Ltd.
Basic pay (Rs.13,000 x 7)
91,000
Bonus
7,200
Club facility (Rs.700 x 7)
Rupees
4,900
H.R.A. (Rs.2,800 x 7)
19,600
Less : Exempt u/s 10(13A)
15,400
4,200
Employer’s Contribution to U.R.P.F.
1,07,300
(b) From PQR Ltd.
Rupees
Basic pay (Rs.18,000 x 5)
90,000
H.R.A. (Rs.1,600 x 5)
8,000
Less : Exempt u/s 10(13A)
8,000
Club Facility (Rs.1,100 x 5)
5,500
Facility of Car (not taxable as perquisite)
15,400
Employer’s Contribution to R.P.F.
95,500
Gross Salary
2,02,800
Less: Deduction
-----
Net Salary
2,02,800

2.
Income from Others Sources
95,000
Gross Total Income
2,97,800
Less : Deduction u/s 80C
: Contribution to LIC/PPF/NSC
Rs. 20,000
: Contribution to RPF ( Rs.2000 x 5)
Rs. 10,000
30,000
Total Income
2,67,800
Computation of Tax Liability
Tax payable on Rs.2,67,800
1,780
Less : Rebate u/s 87A
1,780
Net Income-tax payable
Nil
Add : Surcharge
Nil
Add : EC @ 2%
---
Add : S&HEC @ 1%
---
Total Tax Payable
Nil


Example 10
2. One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C.

Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs.23,720, grade Pay Rs.7,600, DA at prescribed rates, transport allowances @ Rs.3200+DA thereon, and HRA 30% of basic pay + grade pay (though living in his own house). His date of increment is Ist July. The following are other particulars of his income. Compute his taxable income and tax payable, for A.Y.2015-16.

S.No.
Particulars
Rupees
1.
Honorarium for valuation of answer books of a departmental examination
3,000
2.
Fee for work done for a private body (1/3rd of fees has been retained by
6,000
Govt.)
3.
Contributions to G.P.F. p.m.
4,700
4.
Postal Life Insurance Premium financed from G.P.F. p.m.
280
5.
Contribution to Central Govt. Employees Group Insurance Scheme p.m.
500
6.
Life Insurance Premium (being a Life Insurance Policy of Rs.1,00,000
10,500
taken in name of his wife before 1.04.2012)
7.
Contribution to Public Provident Fund
10,000
8.
Repayment of HDFC loan borrowed after 1.04.1999 EMI Rs.25,000
3,00,000
(Towards loan Rs.95,000, towards interest Rs.2,05,000)

Computation of Tax
S.No.
Particulars
Rupees
1.
Income from Salary
Basic Pay @ Rs 23,720 p.m
(March to June ’14)
94,880
@ Rs 24,660 p.m * (July 2014 to Feb 2015)
1,97,280
2,92,160
91,200

Grade Pay @ Rs 7,600 p.m
Dearness Allowance
1.3.2014 to 30.06.2014 @ 100% i.e., Rs 31,320 p.m
1,25,280
1.7.2014 to 31.12.2014 @ 107% i.e. Rs 34,518 p.m
2,07,108
1.1.2015 to 28.02.2015 @ 113% (assumed) i.e.,
Rs. 36,454 p.m
72,908
4,05,296
House Rent Allowance
@ 30% of basic pay + grade pay
1.3.2014 to 30.06.2014 @ Rs 9,396
33,584
1.07.2014 to 28.2.2015 @ Rs 9,678
77,424
1,15,008
Transport Allowance
1.3.2014 to 30.6.2014 @ Rs 6,400 p.m
25600
1.7.2014 to 31.12.2014 @ Rs 6,624 p.m
39,744
1.1.2015 to 28.2.2015 @ Rs 6,816 p.m
13,632
78,976
Less: Exempt u/s 10(14) @ 800 p.m
9600
69,376
9,73,040
Honorarium
3,000
Fees (2/3 retained by him)
4000
Total Salary
9,80,040
Less: Standard Deduction
-
Net Salary
9,80,040
2.
Income from House Property
Self-occupied u/s 23(2)(a) deemed at nil
Less : Interest on HDFC Loan
2,00,000 (-)
2,00,000
Gross Total Income
7,80,040
Less: Deduction u/s 80 C
- GPF @ Rs 4,700/-p.m
56,400
-CGEGIS @ Rs 500/- p.m
6,000
- Life Insurance Premium
10, 500
- Repayment of HDFC Loan
95,000
- Deposit in Public Provident Fund
10,000
1,77,900
1,50,000
Restricted to a maximum of Taxable Income
6,30, 040
Computation of Tax Liability
Tax payable
51,008
Add: Surcharge
-
Add : Education Cess
1020
Total Tax Liability
52,538


See Income Tax Deduction from Salaries during FY 2015-16 AY 2016-17: Circular No. 20/2015


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100 percent da,19,10th Bipartite Settlement,52,6 CPC Order,7,7th CPC Bunching of Stages,14,7th CPC Charter of Demands,93,7th cpc interim report,12,7th CPC Meeting,149,7th CPC Notification,202,7th CPC Projected Pay,188,7th CPC Questionnaire,16,7th CPC Recommendation,593,7th CPC Report,129,7th CPC Terms of Reference,41,Aadhar,7,Absorption,40,Ad-hoc Bonus,24,Additional Allowance,4,Additional Pension,5,Administrative Reforms,17,Advance Increment,4,Adventure Sports,9,Age Relaxation,16,AGIF,5,AIIMS,12,Air Travel,59,AIRF memorandum to 7th CPC,4,Airport Employees,7,All India Service,74,Allowances,365,Alteration of Date of Birth,6,Annual Allowance,1,Antarctica Allowance,1,Anubhav,14,APAR,38,Area Welfare Officer,5,Armed Forces Tribunal,18,Army Welfare Fund,7,Artisan Staff,11,Ashok Kumar Mathur,9,Atal Pension Yojna,11,Autonomous Bodies,65,awards,13,Bank,174,Bariatric Surgery,2,Benevolent Fund,3,bhavishya,12,Bhutan Compensatory Allowance,7,Bio-metric Attendance,36,Bonus,129,Bonus Order 2014,9,Bonus Order 2015,13,Bonus Order 2016,7,Bonus Order 2017,10,Breakdown Allowance,1,BRO,16,BSNL,76,BSNL IDA Pensioner,22,BSNLMRS,2,Budget 2014,12,budget 2015,22,Budget 2016,1,Budget 2017,22,Budget 2017-18,6,cadre management,17,Cadre Restructuring,166,Cancer Treatment,8,Cantonment Board Employees,3,Cash Handling Allowance,5,cashless treatment,14,Casual Leave,4,CAT jurisdiction,1,CAT Order,63,CBDT Order,28,CBEC,13,CBEC CR,9,CBSE,22,CCS (CCA) Rules,52,CCS (Conduct) Rules,50,CCS (Joining Time) Rules,6,CCS (Leave) Rules,45,CCS (RP) Rules 2008,36,CCS (RP) Rules 2016,71,CEA,34,CEA Form,4,Central Administrative Tribunal,2,Central Government Employee Calendar,25,central government employee news,39,Central Pension Accounting Office,106,Central Secretariat Service,5,Central Universities,27,CG Counsel,1,cgda,109,CGEGIS,18,CGEGIS TABLE,11,CGEWHO,65,CGEWHO Noida,18,Cghs,373,CGHS Agartala,1,CGHS AHMEDABAD,5,CGHS AIZAWl,1,CGHS ALLAHABAD,4,cghs BENGALURU,3,cghs bhopal,5,CGHS BHUBANESWAR,2,CGHS CHANDIGARH,4,cghs CHENNAI,2,CGHS Clarification,62,cghs dehradun,3,Cghs Delhi,67,cghs empanelment,127,Cghs Gangtok,1,CGHS GUWAHATI,4,CGHS HOSPITAL LIST,29,CGHS HYDERABAD,5,Cghs Imphal,1,cghs jabalpur,3,cghs jaipur,5,cghs kanpur,3,Cghs Kohima,1,cghs kolkata,3,cghs lucknow,2,CGHS MEERUT,4,cghs mumbai,4,cghs nagpur,2,cghs patna,2,CGHS plastic cards,8,cghs pune,1,cghs ranchi,2,cghs rates,43,cghs trivendrum,2,CGWB,3,Child Care Leave,31,Children Education Allowance,32,CIP(IW),1,Citizen Charter,2,Civil Accounts Organisation,43,Civil Services Examination,17,cleanliness pledge,2,cmss,1,Coal Pilot Allowance,3,Collection of Order,1,Commercial Duty Allowance,3,Commercial Employment after Retirement,9,Commutation of Pension,30,commuted Leave,6,compassionate appointment,60,Compensatory allowance,3,Compensatory Leave,3,Composition of 7th CPC,9,Compulsory Retirement,14,computer advance,4,computer help,7,Concordance Tables,10,Condiment Allowance,1,Confederation 7th cpc memorandum,4,confirmation,3,Constant Attendant Allowance,14,Consumer Price Index,4,Contingent Employee,10,Contract Labour,104,Conveyance Allowance,3,Court Order,79,CPAY,1,CPF Pensioner,23,CPGRAMS,9,CPMA,4,CPMF,96,CPSE,119,cpse ida,41,CS(MA) Rules,62,cscs,10,CSD,38,CSS,37,CSSS,13,cvc,58,Cycle Maintenance Allowance,5,DA from 01-07-2011,3,DA from Jan 2012,5,DA from Jan 2013,16,DA from Jan 2014,22,DA from Jan 2015,16,da from Jan 2016,10,DA from Jan 2017,7,DA from Jan 2018,1,da from Jul 2012,13,DA from Jul 2013,16,da from jul 2014,11,DA from Jul 2015,9,DA from Jul 2016,14,DA from Jul 2017,10,Daily Allowance,14,Daily Officiating Allowance,1,Damage Rate,1,DAPWA,1,Data Entry Operator,5,Database of Employees,2,date of next increment,43,DCMAF,4,DCRG,6,Dearness Allowance,146,Dearness Pay,3,Dearness Relief,81,Debt Recovery Tribunals,2,Defence Civilian Employees,100,Defence personnel,529,Dental Clinics,2,Department Canteen,19,Deputation,57,Desk Allowance,1,dgqa,1,Dictionary,3,Digital Signature Certificates,1,Direct Tax Code,2,Directorate of Estates,76,Disability Pension,61,Disciplinary Authority,22,DIT,9,Divorced Daughter,2,DNI falls Feb-Jun,8,doppw,4,DOPT,40,DoPT Order,356,Double HRA,6,Double Tpt Allowance,1,dpc,22,Draftsmen,4,DRDO,6,Dress Allowances,6,e-awas,6,e-filing,28,E-Governance,13,e-IPO,1,E-office,12,e-payment,23,E-Revision,15,e-samarth,2,Earned Leave,8,ECHS,82,ECI,1,EDLI 1995,4,edp allowance,1,EDP Cadre,7,Education,85,Ekta Diwas,2,Election,22,Eligibility of Teacher,14,email Policy,1,emergency treatment,7,Empanelment under CSMA Rules,21,Employee Pension Scheme,19,Employees Deposit Linked Scheme,1,Engineering Cadre,20,eNPS,6,Entry Pay on Promotion,24,EOL,1,EPFO,122,EPFS 1952,50,ERS,3,ESIC,25,eTDS return,15,EVC,5,ex-gratia,33,Ex-India Leave,4,Ex-Indian Coast Guards,1,EX-SERVICEMAN,581,Excel Tips,5,Exemption from Return Filing,11,Expected DA,72,Extension in Service,3,Extra Ordinary Leave,1,Extra Work Allowance,1,extraordinary pension,25,Facilitation Fee,1,Family Pension,210,Family Planning Allowance,8,FAQ,70,Festival Offer,9,Fin Min Order,109,Finance Act 2013,1,Financial year 2012-13,2,Firefighting Staff,1,Fitment Formula,57,fixed medical allowance,43,Flexible Complementing Scheme,2,Flying Training,2,Foreign Allowance,2,Foreign Visit,8,form 14,1,Form 16,3,Form 16A,2,Form 25,3,Form 26AS,2,Forms,60,Forwarding of Application,2,FR 15(a),2,FR 22,3,FR 26,1,FR 29,1,FR 35,1,FR 46B,1,FR 49,1,FR 56,18,Freedom Fighter Pension,20,Fundamental Rules,3,GAMS,1,Gandhi Jayanti,10,GAR-23,1,GDS,62,General Pool,60,Geological Survey of India,4,GFR,28,Government Holiday Calendar,39,Govt accommodation,110,Govt Tour,44,gpf,48,Grade pay of SO,49,Grameen Bank,2,Grant-in-aid,1,Gratuity,34,Gratuity Limit for Income Tax,3,greetings,4,group A,98,Group D,62,Guest House,15,Hard Area Allowance,11,Hard Station,2,Headquarter Allowance,2,health insurance scheme,17,hearing aid,3,Hierarchy,42,High Court Order,57,Higher Education,33,Hill Area Allowance,2,Hindi Incentive,5,Holiday Homes,37,Holiday Overtime,1,Honorarium,22,Hostel Facility in Universities,1,Hota Committee,1,House Rent Allowance,31,Housing Loan,4,HRA,35,IBA,27,Immovable Property Return,59,Implementation of 7th CPC,893,incentive for higher qualifications,3,Incentive for NER,3,Incentive to Sportsperson,13,Income Tax Exemption Limit,107,INCOME TAX,273,Income tax calculation,16,Indemnity Bond,1,Independence Day,2,India Water Week,1,INDU,4,Industrial Trades,18,Injury Leave,1,Inquiry Officer,12,insurance scheme,10,Intelligence Agencies,3,Interest of EPF,22,Interest of GPF,15,interest rate,26,Interim Relief,60,Internet facility to officer,1,Internship,3,Invalid Pension,3,Investment,2,IPv6,2,IRCTC,39,IRTSA,27,Island Special Duty Allowance,1,IT Cadre Restructuring,24,IT Return,50,Jawahar Navodaya Vidyalaya,12,JCM,348,Jeevan Pramaan,44,Joining Time,6,Kashmir Valley Special Concession,6,KBC,2,kendriya bhandar,2,Kendriya Vidyalaya Sangathan,165,Kilometreage Allowance,2,Kisan Vikas Patra,4,KV Admission Guidelines,21,KV Uniform,7,KYC,1,Lab Technician,14,Labour Bureau,8,Labour Laws,18,lactating mother allowance,1,LARGESS,3,Launch Campaign Allowance,1,LDC-UDC,79,LDCE/GDCE,29,Leave Encashment,14,leave management system,2,Legal Fee,1,Librarian,2,LIC,1,Licence Fee,12,Lien,3,Life Certificate,54,List of Holidays for year 2012,2,List of Holidays for year 2013,8,List of Holidays for year 2014,10,List of Holidays for year 2015,17,List of Holidays for year 2016,11,List of Holidays for year 2017,2,List of Holidays for year 2018,2,List of Posts,8,Liver Transplant Surgery,1,Liveries,1,loan advances,30,Loans and advances by Central Government,3,lodge complaints,2,Lok Sabha QA,42,lokpal,60,LTC,112,ltc to AN,8,LTC to JK,29,ltc to NE,22,LTC-80 Fare,19,MACP,183,Major Penalty,11,Married Accommodation Project,2,Maternity Leave,7,Medical Charges Reimbursement Bill Form,16,medical decategorization,2,Medical Examination of Group A Officers,4,Medical Professional,48,Memorandum to 7th cpc,82,merger of da,127,merger of grade pay,30,merger of post,13,Min HIPE,1,minimum wages,104,Ministerial Staff,34,Minor Penalty,6,Minority Community,1,Missing Family Member,6,Model School Organization,1,modified parity in pension,42,MOHALI HOUSING COLONY,3,Movable Property Return,50,MTNL,10,Multi Tasking Staff,19,NAC,104,national council meeting,14,National Holiday Allowance,5,National Level Monitors,1,National Mascot Design,1,National Pension System,100,NC JCM Memorandum to 7th CPC,31,NCH,1,NDG ESM Pensioner,1,new pension scheme,208,New Pension System,33,News,140,NFIR,3,NFSG,18,Night Duty Allowance,21,Nivaran,1,NLM,1,No Demand Certificate,1,Nomination Forms,4,Non-functional Upgradation,18,Notice for Pensioners,38,Notional Fixation,15,NPA,17,NSC,6,NSSF,3,Nursing Allowance,13,Nursing Institutions,6,Nursing Staff,6,nutritious dietary allowance,2,obc,34,office procedure,10,office space,5,Office Timing,45,Official Directory,1,Official Language Cadre,5,Official Secret Act,1,Officiating Pay,3,One Rank One Pension,360,Online Survey,1,ordnance factory,84,OROP Order,34,OTA,20,Outsourcing,7,Overpayment,7,PAC Recommendation,1,PAINTING,2,PAN,16,Paramilitary Allowance,3,Parangat,2,Passport,18,Paternity Leave,3,Patient Care Allowance,12,pay,8,Pay Anomaly,61,Pay Fixation,209,Payroll,7,PCDA Order,84,PCO Allowance,1,Pension,630,Pension Adalat,20,Pension Disbursement,66,Pension Form,7,Pension Revision,261,Pensioner Grievances,63,Pensioner I-Card,12,Pensioner Portal,135,Pensioners associations,130,pensioners retired prior to 1.1.2006,156,Penury Grant,2,Permanently disabled children,17,person with disability,80,Personal Pay,4,Personal Staff to Minister,5,PF Scheme,3,PFRDA Bill 2011,21,pgportal,2,pharmacist,2,Physical Training Instructor,1,PIB,4,Piece work calculation,3,Piece work incentive,5,Piece Work Profit,2,Piece Work Rates,3,Piece Work System,3,PLB,40,Pledge,7,PLR Scheme,1,Post Graduate Allowance,2,post office,168,PPF,15,PPF Scheme,9,PPO,56,Pragati,5,Pre-1996,5,Pre-2006,55,Pre-2016 Pensioners,85,pre-retirement counselling,19,Presenting Officer,1,Principal CAT,2,PRIS,21,probation,9,Professional Update Allowance,1,Project Dantak Bhutan,3,Promotions,150,Provisional Pension,7,public grievances,7,Public Provident Fund,8,punctuality,1,Qualification Pay,4,qualifying service,35,Railway Concession Form,3,Railway Servants (Pass) Rules,17,Railways,812,Railways Training Centre,6,Rajbhasha,34,Rajya Sabha QA,38,Rank Pay,22,Ration Money Allowance,6,RBI Circular,16,Re-employed ex-serviceman,53,Receipt Payment Rules,15,Recovery,11,Recruitment,168,Recruitment rules,163,Refreshment Rates,1,RELHS,8,Rent Free Accommodation Allowance,1,Reply to 7th CPC,12,requisition to SSC,3,reservation,132,Reservist Pension,1,residency period,4,Resignation,7,Rest Allowance,1,Retired Employee,48,Retired officers as Consultant,19,Retirement Adviser,1,retirement age,82,Retirement Road Map,60,review of records,2,revised pay rules,68,Right to Information Act 2012,4,Right to Information Act 2017,2,Right to Public Service Act,1,Risk Allowance,20,roster,2,Rotational Transfer Policy,13,Rounding Off,2,RTI,69,RTI Call Centre,4,rti online certificate course,2,Rule 10,1,Rule 16(3),1,running staff,27,Safai Karamcharies,1,Sainik School,2,Salary Disbursement,26,Sankalp,27,Sanskriti Schools,3,SAS Examination,7,Saving Bank Allowance,2,sc,23,scholarship Scheme,4,Schools,8,Scientific and Technical Posts,12,Scouts-Guides,2,SCOVA,63,Secretarial Assistance,1,Security Allowance,1,Self attestation,7,Self-certification,7,Senior Citizens,22,Seniority,17,Sensitive Posts,2,Service Book,14,Service Verification,6,Seventh Pay Commission,1703,Seventh Pay Commission Report,278,Sexual Harassment,25,Shramev Jayate,1,shunting duty allowance,2,Siachen Allowance,1,Sitting Fee Allowance,2,small saving scheme,46,social Media,18,Space Technology Allowance,1,Sparrow,4,Special Allowance,9,Special allowance for Child Care,1,Special Allowance for Safety Officer,1,Special Casual Leave,7,Special Disturbance Allowance,1,Special Duty Allowance,6,Special LC Gate Allowance,1,Special Pension,1,Special Train Controller Allowance,3,Split Duty Allowance,1,sports-person,36,SSC,11,st,19,Staff Benefit Fund,5,Staff Car Driver,6,Staff Selection Commission,1,Stagnation,6,State Govt Employees,2,Station Leave Permission,4,Stenographer,1,Stents,2,Stepping up of Pay,36,Stiching Charges,3,Stipend,9,Storekeeping Staff,2,Strike,229,Study Leave,7,Substitute Employee,1,summer vacation,2,Sumptuary Allowance,4,Superannuation,7,surplus employee,3,suspension,11,Swantah Sukhaya,2,Swavalamban,31,TA Rules,5,Tatkal Tickets,27,tax,2,Tax Free Bonds,1,TDS,37,TDS Rates,11,technical resignation,6,telephone facility,1,temporary employee,6,Terms and condition,1,Toll Free Number,1,Tough Location Allowance,4,Touring Officer Hostel,14,Trade Apprentices,10,train,121,Training Allowance,7,training policy,38,Transfer Policy,70,Transport Allowance,29,Travelling Allowance,55,tribal area allowance,4,Trip Allowance,2,Uniform Allowance,5,Unit Run Canteen,25,Upgradation of Post,51,UPSC,20,vacancies,29,Veteran Commission,2,Veterinary Posts,1,Vigilance Clearance,11,Voluntary Retirement,23,Wages,13,Washing Allowance,10,whistle-blowers,7,Widowed Daughter,3,Women Employees,47,Yoga,7,Youth Hostel,3,Zila Saink Board,5,वेतन आयोग,182,
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Central Government Employee News and Tools: Calculation of Income Tax - Illustrations - FY 2015-16 AY 2016-17: IT Circular 20/2015
Calculation of Income Tax - Illustrations - FY 2015-16 AY 2016-17: IT Circular 20/2015
Calculation of Income Tax to be deducted -Illustrations - FY 2015-16 AY 2016-17. First compute the gross salary as mentioned in para 5.1 including all the incomes mentioned in para 5.2 and excluding the income mentioned in para 5.3
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Central Government Employee News and Tools
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