Compute Total Income

Compute total income

NAME   XYZ FATHER'S NAME WXY DATE OF BIRTH 01-05-1986 ADDRESS asdfg STATUS INDIVIDUAL PAN AWXYR1274J WARD 22(3) PREVIOUS YEAR 2014-2015 ASSESSMENT YEAR 2015-2016 ***********************************************************************                                                     COMPUTATION OF TOTAL INCOME A.SALARY AMOUNT (RS.) GROSS SALARY RECEIVED FROM XYZ LTD. (AS PER FORM 16) 621585.00 621585.00 B.INCOME FROM HOUSE PROPERTY RENT FROM ABC LTD 240000.00 LESS:  MOUNCIPAL  TAX PAID 0.00 LESS:STD. DEDUCTION 30% 72000.00 1,68,000.00 C.INCOME FROM BUSINESS / PROFESSION NET PROFIT FROM  M/S BK ENTERPRISES     ( AS PER PROFIT & LOSS A/C) 178161 178161.00 AGRICULTURAL INCOME 0 D.CAPITAL GAIN SHORT TERM CAPITAL GAIN SALES CONSIDERATION 1000000 LESS:COST OF  ACQUISITION           700000           BROKERAGE COST               20000 720000 280000.00 E.INCOME FROM OTHER SOURCES     a) INTEREST ON BANK DEPOSIT 4010                                      GROSS TOTAL INCOME 12,51,756.00 LESS:DEDUCTION UNDER CHAPTER VI-A           U/S 80C (LIP+PF+TUITION FEE+PRIN AMOUNT) 112184.00           U/S 80TTA 4010.00 116194.00                                                   TOTAL INCOME 11,35,562.00 TAX= 165668 ADD:E.CESS 4970.04 TAX PAYABLE 170638.04 ADD: INTEREST(SEC 234A, B, C) 25821.00 LESS:TDS ON SALARY 12,500.00           TDS ON RENT 24,000.00           SELF ASSESSMENT TAX PAID 159960.00 1,96,460.00 NET TAX PAYABLE/REFUNDABLE NIL