INCOME TAX 2023-2024

Name of the
V.S.R. Govt. Degree & P.G.
institution/ EXISTING
College, Movva
organization
Financial year 2023-2024
Assessment year 2024-2025
CFMS ID 14333205
Name Dr. T. Srikanth
Designation Librarian
GPF/ CPS GPF
House No. HRA Received

Address Ambedkar Nagar, Movva HRA Paid

RENTED/ OWN
RENTED
HOUSE
Rent/ PM 8300 No need of owner PAN, if rent per month
PAN ACJPT2105L
Donations 0 Proofs must be enclosed

PLI Per annum 0 Proofs must be enclosed

LIC Per annum 0 Proofs must be enclosed

P.R.D 0
U.L.I.P/ Tuition Fee 0 Receipts must be enclosed

80D 0 EHS, Medical chekup 5000/-, Medical Premiunm 25000/

80DD 0
80DDB 0
80E 0
80EE 0
24B - Interest on House
Loan
1) Let out
2) Self occupied
3) Home Loan Int
 Income Tax Statement Generation Tool,
Developed by G.Murali, Typist, SRR &
CVR Govt. Degree College(A), Vijayawada
http://gundamurali-com.webnode.in/
Å 9392188699

If found useful..
Phonepe/ Gpay - 9885996688

59010
34033

f owner PAN, if rent per month is less than Rs.8300/-

s must be enclosed
s must be enclosed
s must be enclosed

ts must be enclosed

ekup 5000/-, Medical Premiunm 25000/- for Parents 25000/-. 80D Total-50000/-)
 PAY PARTICULARS FOR THE YEAR 2023-2024
Name & Desg GPF/ CPS GPF
PP/ AMOUNT DEPOSITED IN
TOTAL

CCA
MONTH BASIC PAY FPI/ SP D.A. H.R.A. I.R PHC GPF/ AGNET

CMRF/
F.D.Fu
EWF/
RS. APGLI GIS PT IT F.A EHS TOTAL

nd
RA CPS
MARCH 23 0 0 0
APRIL 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MAY 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
JUNE 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
JULY 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AUGUST 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SEPTEMBER 23 109910 0 0 37369 9892 0 0 0 157171 10000 3000 120 200 35000 0 300 0 48620 108551
OCTOBER 23 113700 0 0 38658 10233 0 0 0 162591 10000 3000 120 200 35000 0 300 0 48620 113971
NOVEMBER 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DECEMBER 23 113700 0 0 43206 10233 0 0 0 167139 10000 3000 120 200 40000 0 300 100 53720 113419
JANUARY 24 113700 0 0 43206 10233 0 0 0 167139 10000 3000 120 200 0 300 100 13720 153419
FEBRAUARY 24 113700 0 0 43206 10233 0 0 0 167139 10000 3000 120 200 0 300 100 13720 153419
Arr1 90960 34565 8186 133711 10000 3000 120 200 35000 300 48620 85091
Arr2

Arr3

Arr4

Arr5

TOTAL 655670 0 0 240210 59010 0 0 0 954890 60000 18000 720 1200 145000 0 1800 300 227020 727870

Signature of the Govt. Employee

 V.S.R. GOVT. DEGREE & P.G. COLLEGE, MOVVA
INCOME TAX STATEMENT FOR THE YEAR 2023-2024
Financial Year : 2023-2024 Assessment Year : 2024-2025
1 Name and designation of the Govt.Servant with detailed Dr. T. Srikanth, Librarian, ,
residential Address Ambedkar Nagar, Movva
:
OLD REGIME < 60 YEARS

2 PAN : ACJPT2105L
3 Whether living in Own house/ Rented house : RENTED
4 Pay and allowance as per Statement :
BASIC PAY + DP/ AGP 655670 Rs. 655670
F.P.I/ P.P/ S.P/ RA/ PHC/ Other Allowances 0+0+0 Rs. 0
D.A Rs. 240210
H.R.A Rs. 59010
C.C.A Rs. 0
I.R Rs. 0
other Income : Arrears Rs.

Any other Income Rs.

TOTAL Rs. 954890

5 LESS - HRA being least of the following 34033
a) Actual amount of HRA received : Rs. 59010
b) Excess of Rent paid over and above of 10% of pay : Rs. 34033
99600-10% on Pay+AGP (655670+0)
c) 40% of Salary Rs. 262268
6 Gross salary, income Col. (4-5) : Rs. 920857
7 Sec.16(1a) - Less Standard Deductons (50000/-) : Rs. 50000
8 Sec. 16 (iii) Less Professional Tax paid : Rs. 1200
9 Net Income from salary Col. (6-7) : Rs. 869657
10 Less deductions Sec.80C (Limit 150000- / 200000- if CPS)
a) Under section 80c (limit 1,50,000-) : Rs. 78720
i) G.P.F/ C.P.S (Subscription+Loan) Rs. 60000
ii) A.P.G.L.I (Subscription+Loan) Rs. 18000
iii) P.L.I Rs. 0
iv) G.I.S Rs. 720
v) L.I.C Rs. 0
vi) ----------- Rs. 0
vii) U.L.I.P/ Tuition Fee Rs. 0
viii) a) N.S.Cs, VIII Issue Rs.

b) Interest upto First 5 years on the above. Rs.

ix) Repayment of House building Loan- PRINCIPLE Rs.

x) Term Deposited for a fixed period 0f 5 years with a

Rs.
Scheduled Bank or Post Office
d) Sec.80 CCC-Contribution to L.I.C Fund (upto 1,50,000-) : Rs.

e) Sec.80 CCD - Contributory Penion Scheme Rs.

11 Salary Income : Rs. 790937

 12 Sec 10 (a) - Handicapped Allowances : Rs.

13 Less : Deductions Under Chapter VI A

Sec. 80D : Medical Premia Rs.25000/-
Or Actual Premium paid(For Parents additional Rs.25000-)/
EHS Subscription or Medical chekup 5000/- (80D Total-50000/-) : Rs. 1800
Sec 80 DD - Medical treatment of handicapped
Dependents – Rs. 75,000/- maximum
& 80% severe disability Rs. 1,25,000/- : Rs. 0
Sec 80 DDB - Medical treatment is specified deseases
Rs.40000/- maximum : Rs. 0
Sec 80E - Repayment of Loan taken for higher Education
1. Interest Actually Paid : Rs. 0
Sec 80EE - Deduction of Rs.50,000- of interest on
Housing loan taken during 2016-17 (Loan
not to exceed Rs.35 Lakhs) : Rs. 0
Sec 80G - Donations (EWF/ Flag Fund/ CMRF) : Rs. 300
Sec 80U - Blind or handicapped persons or mentally
retarted persons Rs.75000/- (Severe 125000/-) : Rs.

Sec 24 B - Interest on house loan as follows

(Max 200000) : Rs.

1) Incase the house is letout - actual interest paid or

Rs.200000/- Maximum) : Rs. 0
2) Incase the house self occupied actual interest
paid subject to a maximum of Rs.30000/- : Rs. 0
3) If loan taken after 1 April, 1999/-
Actual interest of Rs.2,00,000/- maximum : Rs. 0
14 Taxable Income : Rs. 788837
15 Income Tax on the amount : Rs. 70267
16 87A-Rebate Rs.12,500- (If total income is below 5 Lakhs) : Rs. 70267
17 Education Cess at 4% : Rs. 2811
18 Total Tax Payable : Rs. 73078
19 Amount of tax already paid : Rs. 145000
20 Amount of tax now payable : Rs. 0
21 Tax to be recovered from salary

For the month of ______________________ Rs.

______________________ Rs.

______________________ Rs.

TOTAL

Certified that I am incurring an expenditure of Rs.8300 per month towards house rent for
my residential purpose during the year 2023-2024

"Certified that the particulars furnished above are true and correct.

Signature of the Government Employee.

OLD REGIME SLAB RATES

Rs. 2,50,000 : Tax Nil
Rs. 2,50,001 to Rs. 5,00,000 : 5%
Rs. 5,00,001 to Rs. 10,00,000 : Rs.12500 and 20%
Rs.10,00,001 and above : Rs.112500 and 30%
 V.S.R. GOVT. DEGREE & P.G. COLLEGE, MOVVA
INCOME TAX STATEMENT FOR THE YEAR 2023-2024
NEW TAX REGIME u/s 115BAC
Financial Year : 2023-2024 Assessment Year : 2024-2025
1 Name and designation of the Govt.Servant with detailed Dr. T. Srikanth, Librarian, ,
residential Address Ambedkar Nagar, Movva
:
NEW REGIME

2 PAN : ACJPT2105L
3 Whether living in Own house/ Rented house : RENTED
4 Pay and allowance as per Statement :
BASIC PAY + DP/ AGP 655670 Rs. 655670
F.P.I/ P.P/ S.P/ RA/ PHC/ Other Allowances 0+0+0 Rs. 0
D.A Rs. 240210
H.R.A Rs. 59010
C.C.A Rs. 0
I.R Rs. 0
other Income : Arrears Rs.

Any other Income Rs.

TOTAL Rs. 954890

5 -Less Standard Deductons (50000/-) Rs. 50000
6 Any other Deduction Rs.

7 Any other Deduction Rs.

8 Any other Deduction Rs.

Deductions Total 50000

TAXABLE INCOME Rs. 904890
9 Income Tax on the amount : Rs. 45734
10 87A-Rebate Rs.25,000- (If total income is below 7 Lakhs) : Rs. 45734
11 Education Cess at 4% : Rs. 1829
12 Total Tax Payable : Rs. 47563
13 Amount of tax already paid : Rs. 145000
14 Amount of tax now payable : Rs. 0
15 Tax to be recovered from salary

For the month of ____________________ Rs.

____________________ Rs.

____________________ Rs.

TOTAL

Certified that the particulars furnished above are true and correct.

Signature of the Government Employee.

NEW REGINE SLAB RATES

Rs. 3,00,000 : Tax Nil
Rs. 3,00,001 to Rs. 6,00,000 : 5% on above 3,00,000/-
Rs. 6,00,001 to Rs. 9,00,000 : Rs.15000 and 10% on above 6,00,000/-
Rs. 9,00,001 to Rs. 12,00,000 : Rs.45000 and 15% on above 9,00,000/-
Rs.12,00,001 to Rs.15,00,000 : Rs.90000 and 20% on above 12,00,000/-
Above Rs.15,00,000 : Rs.150000 and 30% on above 15,00,000/-
 V.S.R. GOVT. DEGREE & P.G. COLLEGE, MOVVA
INCOME TAX STATEMENT FOR THE YEAR 2023-2024
Financial Year : 2023-2024 Assessment Year : 2024-2025
1 Name and designation of the Govt.Servant with detailed Dr. T. Srikanth, Librarian, ,
residential Address Ambedkar Nagar, Movva
:
OLD REGIME > 60 YEARS - Senior Citizen

2 PAN : ACJPT2105L
3 Whether living in Own house/ Rented house : RENTED
4 Pay and allowance as per Statement :
BASIC PAY + DP/ AGP 655670 Rs. 655670
F.P.I/ P.P/ S.P/ RA/ PHC/ Other Allowances 0+0+0 Rs. 0
D.A Rs. 240210
H.R.A Rs. 59010
C.C.A Rs. 0
I.R Rs. 0
other Income : Arrears Rs.

Any other Income Rs.

TOTAL Rs. 954890

5 LESS - HRA being least of the following 34033
a) Actual amount of HRA received : Rs. 59010
b) Excess of Rent paid over and above of 10% of pay : Rs. 34033
99600-10% on Pay+AGP (655670+0)
c) 40% of Salary Rs. 262268
6 Gross salary, income Col. (4-5) : Rs. 920857
7 Sec.16(1a) - Less Standard Deductons (50000/-) : Rs. 50000
8 Sec. 16 (iii) Less Professional Tax paid : Rs. 1200
9 Net Income from salary Col. (6-7) : Rs. 869657
10 Less deductions Sec.80C (Limit 150000- / 200000- if CPS)
a) Under section 80c (limit 1,50,000-) : Rs. 78720
i) G.P.F/ C.P.S (Subscription+Loan) Rs. 60000
ii) A.P.G.L.I (Subscription+Loan) Rs. 18000
iii) P.L.I Rs. 0
iv) G.I.S Rs. 720
v) L.I.C Rs. 0
vi) E.H.S claimed under 80D Rs.

vii) U.L.I.P/ Tuition Fee Rs.

viii) a) N.S.Cs, VIII Issue Rs.

b) Interest upto First 5 years on the above. Rs.

ix) Repayment of House building Loan- PRINCIPLE Rs.

x) Term Deposited for a fixed period 0f 5 years with a

Scheduled Bank or Post Office
Rs. 0
d) Sec.80 CCC-Contribution to L.I.C Fund (upto 1,50,000-) : Rs. 0
e) Sec.80 CCD - Contributory Penion Scheme Rs.

11 Salary Income : Rs. 790937

12 Sec 10 (a) - Handicapped Allowances : Rs.

13 Less : Deductions Under Chapter VI A

Sec. 80D : Medical Premia Rs.50000/-
Or Actual Premium paid(For Parents additional Rs.50000)/
EHS Subscription : Rs. 1800
Sec 80 DD - Medical treatment of handicapped
Dependents – Rs. 75,000/- maximum
& 80% severe disability Rs. 1,25,000/- : Rs. 0
Sec 80 DDB - Medical treatment is specified deseases
Rs.1,00,000-/- maximum : Rs. 0
Sec 80E - Repayment of Loan taken for higher Education
1. Interest Actually Paid : Rs. 0
Sec 80EE - Deduction of Rs.1,00,000- of interest on
Housing loan taken during 2016-17 (Loan
not to exceed Rs.35 Lakhs) : Rs. 0
Sec 80G - Donations (EWF/ Flag Fund/ CMRF) : Rs. 300
Sec 80U - Blind or handicapped persons or mentally
retarted persons Rs.75000/- (Severe 125000/-) : Rs.

Sec 24 B - Interest on house loan as follows

(Max 200000) : Rs.

1) Incase the house is letout - actual interest paid or

Rs.200000/- Maximum) : Rs. 0
2) Incase the house self occupied actual interest
paid subject to a maximum of Rs.30000/- : Rs. 0
3) If loan taken after 1 April, 1999/-
Actual interest of Rs.2,00,000/- maximum : Rs. 0
14 Taxable Income : Rs. 788837
15 Income Tax on the amount : Rs. 67767
16 87A-Rebate Rs.12,500- (If total income is below 5 Lakhs) : Rs. 67767
17 Education Cess at 4% : Rs. 2711
18 Total Tax Payable : Rs. 70478
19 Amount of tax already paid : Rs. 145000
20 Amount of tax now payable : Rs. 0
21 Tax to be recovered from salary

For the month of _____________________ Rs.

_____________________ Rs.

_____________________ Rs.

TOTAL

Certified that I am incurring an expenditure of Rs.8300 per month towards house rent for
my residential purpose during the year 2023-2024

"Certified that the particulars furnished above are true and correct.

Signature of the Government Employee.

OLD REGIME Rates of Senior Citizens (60+)

Rs. 3,00,000 : Tax Nil
Rs. 3,00,001 to Rs. 5,00,000 : 5%
Rs. 5,00,001 to Rs. 10,00,000 : Rs.10,000- and 20%
Rs.10,00,001 and above : Rs.1,10,000- and 30%
 RECEIPT OF THE HOUSE RENT
(Under Section 1 (13-A) of Income Tax Act.)

Received a sum of Rs.99600/- (Rupees______

____________________________________) from Sri./ Smt. Dr. T.

Srikanth, Librarian towards the rent @ 8300/- per month from March 2023

to February 2024 in respect of House No., Situated at Ambedkar Nagar,

Movva

Affix One
Rupee Revenue
Stamp

Date :

(Signature of the House Owner)

Name ____________________________

_________________________________
Address :

, Ambedkar Nagar, Movva

PAN No._________________________