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Rahul Comp

Rahul Tambe's income summary for A.Y. 2023-2024 includes: 1) A salary income of Rs. 5,47,500 after standard deduction of Rs. 50,000 and tax of Rs. 2,500. 2) Business income of Rs. 3,11,204 from presumptive profits under section 44AD. 3) Total income of Rs. 8,54,998 after deductions of Rs. 8,969 which includes a medical insurance premium of Rs. 8,277. 4) Total tax payable of Rs. 92,070 including a basic tax of Rs. 83,500 and cess of Rs. 3,340 along

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99 views2 pages

Rahul Comp

Rahul Tambe's income summary for A.Y. 2023-2024 includes: 1) A salary income of Rs. 5,47,500 after standard deduction of Rs. 50,000 and tax of Rs. 2,500. 2) Business income of Rs. 3,11,204 from presumptive profits under section 44AD. 3) Total income of Rs. 8,54,998 after deductions of Rs. 8,969 which includes a medical insurance premium of Rs. 8,277. 4) Total tax payable of Rs. 92,070 including a basic tax of Rs. 83,500 and cess of Rs. 3,340 along

Uploaded by

Corman Limited
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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A.Y.

2023-2024
Name : Rahul Tambe Previous Year : 2022-2023
Father's Name : PAN : ANUPT 4624 L
Address : Shree Sai Care Pharmaceuticals
Near Bhattad Plywoods Status : Individual
Old Takali Road Date of Birth : 19-Jan-1990
Niwara, Kopargaon - 423 601
Resident
Statement of Income
Rs. Rs. Rs.
n Income from Salaries
Salaries, allowances and perquisites 1 6,00,000
Standard deduction u/s 16(ia) 50,000
Less: Tax on employment u/s 16(iii) 2,500 52,500
Income chargeable under the head "Salaries" 5,47,500

n Profits and gains of Business or Profession


Business: Presumptive profits u/s 44AD 2 3,11,204

Income chargeable under the head "Business and Profession" 3,11,204

n Income from other sources


Interest income 3 5,263
n Gross Total Income 8,63,967
Deductions under Chapter VI-A
80D: Medical Insurance Premia 4 8,277
80TTA: Interest on Saving a/c 692 8,969
n Total Income 8,54,998
Total income rounded off u/s 288A 8,55,000
n Tax on total income 5 83,500
Add: Cess 3,340
Tax with cess 86,840
Interest u/s 234B 3,472
Interest u/s 234C 1,759 5,231
n Balance tax payable 92,070

Schedule 1
Salary Income Received Exempt Taxable
Basic Salary 6,00,000 6,00,000
Taxable portion of
Salary income 6,00,000

Schedule 2
Turnover /
Presumptive Profits-u/s 44AD % Profits
Receipts
44ad 38,90,050 8 3,11,204

Schedule 3
Interest income (other than NSC/KVP interest)
Name of the Bank Interest
Interest on Time Deposits
- 4,571
Interest on Savings a/c (80TTA)
- 692
Taxable Interest 5,263

Schedule 4
80D-Medical Insurance Premium/Contribution, Medical
expenses, etc.
Insurance Medical Health check-
In respect of Parents
Premium expenses up
In respect of Self / Family
Others 8,277
Total 8,277

Total Deductible amount 8,277

Schedule 5
Tax on total income 83,500

Bank A/c: IFSC:

Date : 26-Jul-2023
Place : Kopargaon [ RAHUL TAMBE ]

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