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    Computation of Total Income Income From Salary (Chapter IV A) 182370

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    Krishna AgarwAl
    Deepak Kumar Agarwal files his individual income tax return for AY 2019-2020. He has total income of Rs. 294890 consisting of salary of Rs. 182370, short term capital gain of Rs. 1915, income from other sources of Rs. 111160, and deductions of Rs. 560 under section 80TTA. His tax liability is Rs. 2149 but gets a rebate of the same amount under section 87A resulting in nil tax payable. Details of his income, capital gains and bank accounts are provided.

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    Computation of Total Income Income From Salary (Chapter IV A) 182370

    Uploaded by

    Krishna AgarwAl
    29 views2 pages
    Deepak Kumar Agarwal files his individual income tax return for AY 2019-2020. He has total income of Rs. 294890 consisting of salary of Rs. 182370, short term capital gain of Rs. 1915, income from other sources of Rs. 111160, and deductions of Rs. 560 under section 80TTA. His tax liability is Rs. 2149 but gets a rebate of the same amount under section 87A resulting in nil tax payable. Details of his income, capital gains and bank accounts are provided.

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    Deepak Kumar Agarwal files his individual income tax return for AY 2019-2020. He has total income of Rs. 294890 consisting of salary of Rs. 182370, short term capital gain of Rs. 1915, income from other sources of Rs. 111160, and deductions of Rs. 560 under section 80TTA. His tax liability is Rs. 2149 but gets a rebate of the same amount under section 87A resulting in nil tax payable. Details of his income, capital gains and bank accounts are provided.

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    29 views2 pages

    Computation of Total Income Income From Salary (Chapter IV A) 182370

    Uploaded by

    Krishna AgarwAl
    Deepak Kumar Agarwal files his individual income tax return for AY 2019-2020. He has total income of Rs. 294890 consisting of salary of Rs. 182370, short term capital gain of Rs. 1915, income from other sources of Rs. 111160, and deductions of Rs. 560 under section 80TTA. His tax liability is Rs. 2149 but gets a rebate of the same amount under section 87A resulting in nil tax payable. Details of his income, capital gains and bank accounts are provided.

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    of 2

    Name of Assessee DEEPAK KUMAR AGARWAL

    Father's Name RAJENDRA PRASAD AGARWAL


    Address Plot no. A-9,,Benad
    Road,Pawanpuri,Jhotwara,JAIPUR,JAIPUR,RAJASTHAN,302012
    Status Individual Assessment Year 2019-2020
    Ward ITO WARD 2(3), JAIPUR () Year Ended 31.3.2019
    PAN BQKPA5970Q Date of Birth 22/03/1996
    Residential Status Resident Sex Male
    A.O. Code RJN-W-102-3
    Filing Status Original
    Aadhaar No: 433570290889 Passport No.:
    Bank Name Canara Bank, NO.6, HANUMANT TOWER, CENTRAL SPINE-6,
    VIDHYADHARNAGAR, JAIPUR ,MICR:302015008, A/C NO:2877101004794
    ,Type: Saving ,IFSC: CNRB0002877
    Tele: Mob:7014475065

    Computation of Total Income

    Income from Salary (Chapter IV A) 182370

    Ankur Electronics
    Mahima Heritage Central Spine, Vidhyadhar Jaipur
    RAJASTHAN-302039
    Salary 222370
    Less: Standard Deduction u/s 16(ia) 40000
    182370

    Income from Capital Gain (Chapter IV E) 1915

    Short Term Capital Gain

    Capital Gain as per Details Attached (stt) 1915

    Income from Other Sources (Chapter IV F) 111160

    Interest From Saving Bank A/c 560


    Tution Income 75400
    Other Income 35200
    111160

    Gross Total Income 295445

    Less: Deductions (Chapter VI-A)


    u/s 80TTA (Interest From Saving Bank Account.) 560
    560
    Total Income 294885
    Round off u/s 288 A 294890
    Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.

    Tax Due 2149


    NAME OF ASSESSEE : DEEPAK KUMAR AGARWAL A.Y. 2019-2020 PAN : BQKPA5970Q Code :Z

    Short Term Capital Gain @ 15% 287


    Total Tax 2436
    Rebate u/s 87A 2436
    0
    Tax Payable 0

    Tax calculation on Normal income of Rs 292970/-


    Exemption Limit :250000
    Tax on (292970-250000) =42970 @5% = 2148

    Due Date for filing of Return July 31, 2019


    Due date extended to 31/08/2019 F.NO.225/157/2019/ITA.II DT. 23.07.2019

    Statement of Short Term Capital Gain (Transaction Tax)


    Name of Company Date of Sale Sales Price Tr. Exp. Net Sale Purchase Purchase Loss u/s Capital
    Price Date cost 94(7)/(8) gain
    Shares (20) 17/08/2018 6123 0 6123 02/07/2018 4059 0 2064
    Shares (245) 31/03/2019 55316 0 55316 01/04/2018 55465 0 -149
    TOTAL 61439 61439 59524 1915

    Bank Account Detail


    S. No. Bank Address Account No MICR NO IFSC Code Type
    1 Canara Bank NO.6, HANUMANT TOWER, 2877101004794 302015008 CNRB0002877 Saving(Primary)
    CENTRAL SPINE-6,
    VIDHYADHARNAGAR,
    JAIPUR
    2 HDFC Bank Ltd TIMES SQUARE,10 50100255177339 302240004 HDFC0000348 Saving
    CENTRAL
    SPINE,VIDHYADHAR
    NAGAR,JAIPURRAJASTHAN
    302012

    Signature
    (DEEPAK KUMAR AGARWAL)
    CompuTax : Z [DEEPAK KUMAR AGARWAL]

    Generated at the time of Return File

    Page 2

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