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    This document summarizes an individual's income tax return for the year 2021-2022. [1] The individual's total income was Rs. 12,00,800 including a salary of Rs. 15,13,218 and a house property loss of Rs. 31,937. [2] Total deductions amounted to Rs. 2,80,477. [3] The total tax payable was Rs. 1,70,942 and TDS of Rs. 1,40,287 resulted in a remaining tax due of Rs. 30,660.

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    Itr 1 Format

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    Pawan
    419 views3 pages
    This document summarizes an individual's income tax return for the year 2021-2022. [1] The individual's total income was Rs. 12,00,800 including a salary of Rs. 15,13,218 and a house property loss of Rs. 31,937. [2] Total deductions amounted to Rs. 2,80,477. [3] The total tax payable was Rs. 1,70,942 and TDS of Rs. 1,40,287 resulted in a remaining tax due of Rs. 30,660.

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    This document summarizes an individual's income tax return for the year 2021-2022. [1] The individual's total income was Rs. 12,00,800 including a salary of Rs. 15,13,218 and a house property loss of Rs. 31,937. [2] Total deductions amounted to Rs. 2,80,477. [3] The total tax payable was Rs. 1,70,942 and TDS of Rs. 1,40,287 resulted in a remaining tax due of Rs. 30,660.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    419 views3 pages

    Itr 1 Format

    Uploaded by

    Pawan
    This document summarizes an individual's income tax return for the year 2021-2022. [1] The individual's total income was Rs. 12,00,800 including a salary of Rs. 15,13,218 and a house property loss of Rs. 31,937. [2] Total deductions amounted to Rs. 2,80,477. [3] The total tax payable was Rs. 1,70,942 and TDS of Rs. 1,40,287 resulted in a remaining tax due of Rs. 30,660.

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    Computation of Income (ITR1)

    PAN: Status:
    Date of Birth Residential Status:
    Father's Name: Gender:
    Bank A/C no.: IFSC code:
    E-Filing Status: Aadhaar Card Number:
    Selected tax regime

    Tax Summary (Amount in 'Rs')

    Salary 15,13,218
    House Property -31,937
    Gross Total Income 14,81,281
    Less: Total Deductions - 2,80,477
    Rounded off from 12,00,804 as per
    Total Income (Taxable) Section 288A
    12,00,800
    Tax Payable 1,79,650
    Relief u/s 89/90/91 - 11,756
    Interest & Fees + 3,048
    Total Tax Payable 1,70,942
    Less: Taxes Paid TDS - 1,40,287
    Rounded off from 30,655 as per
    Tax Due Section 288B
    30,660
    Taxes are applicable as per normal provision
    Please refer Annexure for details
    Salary Income
    Employer 1:
    Salary u/s 17(1) 11,83,980
    Basic Salary 11,83,980
    Net Salary 11,83,980

    Employer 2:
    Salary u/s 17(1) 3,79,238
    Net Salary 3,79,238

    Total Salary 15,63,218


    Less: Deduction u/s 16 50,000
    Standard Deduction u/s 16(ia) 50,000
    Total Taxable Salary 15,13,218
    House Property Income

    Occupancy of House Self Occupied


    Ownership 100
    Deduction : Interest on Borrowed capital us 24b -31,937
    Total Deduction -31,937
    Income From House Property 1 -31,937
    Total Income From House Property -31,937

    Deductions

    Section Gross Amount Deductible Amount


    80C (Total) 2,22,959 1,50,000
    80CCD(1B) 50,000 50,000
    80CCD(2) 78,259 78,259
    80G (Total) 2,218
    Total 2,80,477
    Loss Report Collection
    Year of Loss Category of Loss SetOff Category Amount SetOff
    2021-2022 HouseProperty Salary Rs. 31,937

    Income Tax
    Total Income 12,00,800
    Basic Exemption 2,50,000
    Income Tax 1,72,740
    Health and Education Cess 6,910
    Total Tax 1,79,650
    Relief u/s 89 11,756
    Net Tax Liability 1,67,894
    Interest Due 3,048
    234B(6 month(s)) 1,656
    234C 1,392
    Tax Paid -1,40,287
    TDS 1,40,287
    Payable 30,660

    Interest u/s 234C

    Percentage of
    Installment Tax Tax to be Tax Remaining Interest Interest
    Tax to be
    period Due Deposited Paid Tax due Rate u/s 234C
    Deposited
    1st Quarter
    27,607 15% 4,141 0 4,141 3% 123
    (Upto 15th Jun)
    2st Quarter
    27,607 45% 12,423 0 12,423 3% 372
    (Upto 15th Sep)
    3st Quarter
    27,607 75% 20,705 0 20,705 3% 621
    (Upto 15th Dec)
    4st Quarter
    27,607 100% 27,607 0 27,607 1% 276
    (Upto 15th Mar)
    1,392

    Taxes Paid
    (Self-Assessment Tax, TDS on Salary)

    Self-Assessment Tax

    BSR Code Date Challan No Amount


    U/S 140(A) 30,660

    TDS on Salary

    Tan Name Income Chargeable Tax Deducted


    11,83,980 1,40,287
    3,79,238 0
    Total 1,40,287

    Bank Account Details

    SI No. IFSC Code Name of the Bank Account No.


    1

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