Rebate
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REBATE DETAILS W.R.T. INSPECTOR MANOJ KUMAR(PIS NO. 16960170) FOR THE FINANCIAL YEAR 2015-16 1. Under section 80C Income Tax Act ( Max. Rebate ₹ 150000) (i) GPF deduction:- ₹ 6000 per month=12X6000= ₹ 72000 (Yearly) (ii) LIC Premiums:- a) Policy No.- 122639299, dated- 28.11.2004 = ₹ 10083 (Yearly) b) Policy No.- 122639507, dated- 15.01.2005 = ₹ 5502 (Yearly) c) Policy No.- 122276361, dated- 15.12.2003 = ₹ 3162 (Yearly) d) Policy No.- 122276360, dated- 15.12.2003 = ₹ 2108 (Yearly) e) Policy No.- 122276362, dated- 15.12.2003 = ₹ 1847 (Yearly) f) Policy No.- 520723033, dated- 28.12.1997 = ₹ 5211 (Yearly) g) Policy No.- 125401783,dated- 28.03.2010 = ₹ 1021(monthly) = ₹ 12252 (Yearly) h) Policy No.- 125401685,dated- 28.03.2010 = ₹ 1000 (monthly) = ₹ 12000 (Yearly)
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REBATE DETAILS W.R.T. INSPECTOR MANOJ KUMAR(PIS NO. 16960170) FOR THE FINANCIAL YEAR 2015-16
1. Under section 80C Income Tax Act ( Max. Rebate ₹ 150000) (i) GPF deduction:- ₹ 6000 per month=12X6000= ₹ 72000 (Yearly)(ii) LIC Premiums:-
a) Policy No.- 122639299, dated- 28.11.2004 = ₹ 10083 (Yearly)b) Policy No.- 122639507, dated- 15.01.2005 = ₹ 5502 (Yearly)c) Policy No.- 122276361, dated- 15.12.2003 = ₹ 3162 (Yearly)d) Policy No.- 122276360, dated- 15.12.2003 = ₹ 2108 (Yearly)e) Policy No.- 122276362, dated- 15.12.2003 = ₹ 1847 (Yearly)f) Policy No.- 520723033, dated- 28.12.1997 = ₹ 5211 (Yearly)g) Policy No.- 125401783,dated- 28.03.2010 = ₹ 1021(monthly)
= ₹ 12252 (Yearly) h) Policy No.- 125401685,dated- 28.03.2010 = ₹ 1000 (monthly)
= ₹ 12000 (Yearly) i) Policy No.- 125401736,dated- 28.03.2010 = ₹ 1000 (monthly)
= ₹ 12000 (Yearly) j) Policy No.- 125401734,dated- 28.03.2010 = ₹ 1000 (monthly)
= ₹ 12000 (Yearly) k) Policy No.- 127066586,dated- 28.12.2013 = ₹ 1000 (monthly)
= ₹ 12000 (Yearly)
Total LIC PREMIUM = ₹ 88165 (Yearly)
(iii) Home Loan’s Principal Amount for the financial year 2015-16 = ₹ 36202.27
Grand Total under section 80C = ₹ 196367.27
2. Under section 24 Income Tax Act (Max. Rebate ₹ 200000) Home Loan’s Interest Amount for financial year 2015-16 = ₹ 215041.73
Grand Total under section 24 = ₹ 21504
3. Under section 80D Medical check-ups (Max. Rebate 5000) Medical check-ups expenditure amount for financial year 2015-16 (Amount not claimed) = ₹ 3000
Grand Total under section 80D = ₹ 3000
4. Under section 80G Donations to specified institutions (50-100% of amount)Donation to Shri Vedmata Gayatri Trust, Haridwar (100%) = ₹ 1100
Grand Total under section 80G = ₹ 1100
HOUSE RENT (HRA DEDUCTION)
1. Between 01.04.2015 to 30.09.2015 resided at House No.- 135, Pocket- E/2, Sector-16, Rohini, New Delhi and rent paid during the period
= ₹ (8300 X 6) = ₹ 498002. From 01.10.2015 to continue ( upto 31.03.2016) resided at House No.- 48,
Pocket- G/6, Sector-11, Rohini, New Delhi and rent paid during the period = ₹ (15000 X 6) =₹ 90000
Grand Total House Rent paid during the financial year 2015-16
= ₹ 139800
