4 Points
Joined January 2016
Hi,
I have changed company and have need to fill Form 12b from my salary slips. Need to confirm what should the values of
for column 6, 7 and 8
Columns 6: Total amount of salary excluding amounts required to be shown in columns 7 & 8
Column 7: Total amount of house rent allowance, conveyance allowance and other allowances to the extent chargeable to tax
[see section 10(13A) read with rule 2A and section 10(14)]
Column 8: Value of perquisites and amount of accretion to employee's provident fund account (give details in the annexure)
My salary components for FY 2015-16 till I left the previous organisation were as follows:
BASIC 295418
HRA 147707
TRANSPORT 9600
UNIFORM 25270
MEDICAL 8750
CONVEYANCE 31800
TELEPHONE 34600
BOOKS AND PERIODICALS 25087
ARREARS 32502
OTHER REIMBURSEMENT 1200
LEAVE ENCASHMENT 23286
For column 6, I have added basic and arrears = 327920
I have produced bills for all allowances to my previous employer except HRA which was short of Rs. 11, 207
So column 7= 11, 207 which is taxable (leave encashment and other reimbursement are assumed to be fully
deductible/exempted)
Column 8: 0 since employer contribution to provident fund was the least that is allowed(12% of 15000)
Please provide corrections, if any.
Thanks,
PD