Hello Sir,
I need to know which of the following 'HEAD's are considered for column 7and 8 of Form 12B - Income Tax
Also let me know what to detail out in annexure to form 12B.
Here are details from my last salary slip, in last organization, I worked for.
| HEAD | YEARLY TOTAL |
|---|---|
| Basic | 36264.80 |
| Conveyance Allowance | 11733.33 |
| HRA | 18130.93 |
| LTA | 5500.00 |
| Educational Allowance | 733.33 |
| Leave Salary (encashment on last day) | 18545.00 |
| Medical Allowance | 3666.67 |
| Supplimentary Allowance | 42759.20 |
| Bonus Payment | 2146.67 |
| TOTAL |
139479.93 |
| HEAD | AMOUNT |
|---|---|
| Conveyance Allowance | 2346.67 |
| Leave Salary (encashment on last day) | 18545.00 |
| Professional Tax | 600.00 |
| TOTAL |
21491.67 |
| HEAD | AMOUNT |
|---|---|
| PF contribution | 4353.00 |
| Life insurance | 40000.00 |
| PPF | 60000.00 |
| TOTAL |
14353.00 |
| HEAD | AMOUNT |
|---|---|
| Gross. Total Income | 117988.26 |
| Deduction u/s 80cce | 100000.00 |
| Total Income | 17990.00 |
| Tax deducted so far | 4741.00 |
Thank you.
CAclubindia
