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Santres Engineering Private Limited

Information required for calculating Income tax liability - Financial Year 20!-20"

Em#loyee $ame

Em#loyee I% $o&

Permanent 'ccount $umber ( P'$ )

*ouse +ent - ,ontly (+s&) - $ote.

Location of +ented *ouse - ,ention name of city

Existing / Pro#osed ax saving investments .

Please note tat maximum limit for deduction 1/S 03 is increased from La4 to &! La4

80C - Life Insurance Premium

80C - 5 Years Fixed Deposi in !c"edu#e $an% & 'ax sa(er sc"eme )

 

80C - Deposi in +aiona# sa(ins cerifcaes

80C - Deposi in Pos .ce !a(ins !c"eme

80C - 'ax sa(in /uua# Funds

80C - Premium Paid oards Life Insurance Pension P#an

80C - Principa# Loan epa2men & 3ousin Loan )

80C - Pu#ic Pro(iden Fund -PPF

80C - LIP of 'I6LIC

80 - Ineres on educaiona# #oan

80CC - ai( and"i :ui2 !a(ins !c"eme & '"is is app#ica#e if ross income is #oer "an 1;L )

0% - ,edical Insurance Premium +s&

 - For Fami#2

 - For Parens

 - xpense on accoun of pre(eni(e "ea#" c"ec%up &/ax #imi s< 5000) !!0

Interest on ousing loan

Please note tat maximum limit for deduction is increased from &! La4 to 2 La4 for self-occu#ied ouse

3ity in 5ic te ouse #ro#erty for 5ic loan is ta4en is located

,edical ex#enses for self and family  

Food 3ou#ons ( ,ax& Limit of +s& 26!00/- P&,)

Pro#osed Leave ravel 'llo5ance 3laim - $ote 7

80C - C"i#dren ducaion xpenses - P#ease See $ote 2

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ele#one/ Internet Ex#enses 17*=5

$ote .

If annua# ren paid 2 "e emp#o2ee exceeds s 1,00,000 per annum, i is mandaor2 for "e emp#o2ee

o repor P>+ of "e #and#ord o "e emp#o2er< In case "e #and#ord does no "a(e a P>+, a dec#araion

o "is e?ec from "e #and#ord a#on i" "e name and address of "e #and#ord s"ou#d e @#ed 2

"e emp#o2ee<

$ote . 2

#ii#e C"i#dren ducaion expenses A

1< !c"oo# uiion fee;< 'erm fees

xpense for on#2 ; c"i#dren can e c#aimed<

$ote . 7

+ules for claiming L' and ele#one ex#ense reimbursement .

P#ease pro(ide ra(e# i##s #i%e air ic%es or rain ic%es for one round rip in a ca#endar 2ear o c#aim a deducion for L'>

n#2 ra(e# i"in India is a##oed for L'> c#aim <

- 

u#es for c#aimin L'> A

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Please obtain a #rovisional interest #ayment certi8cate from

te loan #rovider

,aximum limit of +s&!6000 #er year for medical ex#enses

Indicate te amount for 5ic bills 5ould be available

%enomination (!006 0006 !006 2000 9 2!00)

Please note tat only one vacation #er year 6 5itin India 6 is eligible

Please give investments done or #ro#osed to be made bet5een '#ril 20! to 7 ,arc 20"

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:nly te ex#enditure on fare is eligible ; cost of air 6 train 6 bus tic4ets <

%eduction 5ill be restricted as #er te fare rules under te Income

ax La5s

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Income tax slabs for F.Y 2015-16

Income tax for General tax payers and Women

From To Rate

  - 250000 0%  250001 500,000 10%

  500,001 1,000,001 20%

 Above 10,00,000 30%

Income tax slabs for !en"or c"t"#ens $%&ed 60 years b't less t(an )0 years*

From To Rate

  - +00000 0%

  +00001 500,000 10%

  500,001 1,000,001 20%

 Above 10,00,000 30%

Income tax slabs 201+-201, for ery sen"or c"t"#ens $%&ed )0 and aboe*

From To Rate

  - 500,000 0%

  500,001 1,000,001 20%

 Above 10,00,000 30%

In add"t"on an rebate of Rs 2000 "ll be aa"lable for "ncome less t(an Rs 5 la/(s 'nder sect"on )%

T(ere "s a s'rc(ar&e of 10 per cent on persons (ose taxable "ncome exceed Rs. 1 crore per year.

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