Assessment Year
Tax Payer
Male / Female / Senior Citizen
Male / Female / Senior Citizen
Residential Status
I
Income from Salary
II
Income from House Property
a
Income from Self-occupied Property
Interest Paid/Payable on Housing Loan
Current year’s interest
plus 1/5th of interest pertaining to pre-construction period 2. Current year interest
2. Income from Self-occupied House Property
b
Income from Let-out Property
2. Less: Municipal Taxes Paid During the Year
3. Less:Unrealized Rent
4. Net Annual Value (1-(2+3))
5. Less: Deductions from Net Annual Value
i. Standard Deduction @ 30% of Net Annual Value
ii. Interest Paid/Payable on Loan
during Pre-construction period (1/5)
b. Current year interest
6 Income from Let-out House Property
III
Capital Gains
I
Short Term Capital GainS (Other than covered under section 111A)
II
Short Term Capital GainS (Covered under section 111A)
III
Long Term Capital Gains (Charged to tax @ 20%)
IV
Long Term Capital Gains (Charged to tax @ 10%)
Note: If transfer takes place after July 10, 2014, the concessional rate of 10% will not be available in case of LTCG which arises on transfer of units.
IV
Income from Other Sources
I
Interest
II
Dividend
II
Commission/Other Income
III
Winnings from Lottery, Crossword Puzzles, etc.
V
Profits and Gains of Business or Profession (enter profit only)
VI
Agricultural Income
VII
Deductions from Gross Total Income
I
Life Insurance premium paid
II
Payment for annuity plan
III
Contribution toward provident fund / PPF
IV
Investment in NSC (VIII issue) + Interest
V
Contribution toward ULIP
VI
Contribution toward notified pension fund by MF/UTI
VII
Re-payment of housing loan etc.
VIII
Tuition fees paid for children
IX
5 Years fixed deposit with PO or Schedule Bank
X
Contribution toward NPF
XI
Employee's contribution toward NPS (up to 10%) (u/s 80CCD)
XII
Employer's contribution toward NPS (up to 10%) (u/s 80CCD)
XIII
Long-term infrastructure bonds (u/s 80CCF)
XIV
Investment under equity saving scheme (u/s 80CCG)
XIV
Any other deductable (u/s 80C)
TOTAL
b
Medi-claim premium (u/s 80D)
c
Donations (u/s 80G)
d
Deduction for maintenance / medical treatment of dependent (u/s 80DD)
e
Interest on loan for higher education (u/s 80E)
f
Interest on loan taken for Residential House (u/s 80EE)
g
Deduction in case of a person with disability (u/s 80U)
h
Interest on deposits in saving account (u/s 80TTA)
i
Any other deductions
Taxable Income
Income Liable to Tax at Normal Rate
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Short Term Capital Gains (Covered u/s 111A)
15%
Long Term Capital Gains (Charged to tax @ 20%)
20%
Long Term Capital Gains (Charged to tax @ 10%)
10%
Winnings from Lottery, Crossword Puzzles, etc.
30%
Income Tax Payable
Surcharge
Education Cess @ 2%
Secondary and Higher Education Cess @ 1%
Total Tax Liability
As per the Finance Act, 2017