Hi,
I have changed company recently and have filled 12b from my salary slips. Need to confirm if the values for columns 6, 7 and 8 are correct before submitting to current employer . As to how I have calculated them is shown below, please provide corrections, if any.
TOTAL(from payslips) Exemptions/Deductions Taxable Amount
BASIC 295418 295418 ..1
HRA 147707 136500 11207 ..2
TRANSPORT 9600 9600 0 ..3
UNIFORM 25270 25270 0 ..4
MEDICAL 8750 8750 0 ..5
CONVEYANCE 31800 31800 0 .6
TELEPHONE 34600 34600 0 ..7
BOOKS AND PERIODICALS 25087 25087 0 ..8
ARREARS 32502 32502 .9
OTHER REIMBURSEMENT 1200 1200 0 ..10
LEAVE ENCASHMENT 23286 23286 0 ..11
TOTAL 635220
Form 12b :
Column 6: Total amount of salary excluding amounts required to be shown in columns 7 & 8 = 327920 from (1)+(9) above
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)] = 11207 from (2) above
Column 8: Value of perquisites and amount of accretion to employee's provident fund account (give details in the annexure) = 0 (since employer's contribution was not above 12% of 15000)
Thanks,
PD
From India, Chennai
I have changed company recently and have filled 12b from my salary slips. Need to confirm if the values for columns 6, 7 and 8 are correct before submitting to current employer . As to how I have calculated them is shown below, please provide corrections, if any.
TOTAL(from payslips) Exemptions/Deductions Taxable Amount
BASIC 295418 295418 ..1
HRA 147707 136500 11207 ..2
TRANSPORT 9600 9600 0 ..3
UNIFORM 25270 25270 0 ..4
MEDICAL 8750 8750 0 ..5
CONVEYANCE 31800 31800 0 .6
TELEPHONE 34600 34600 0 ..7
BOOKS AND PERIODICALS 25087 25087 0 ..8
ARREARS 32502 32502 .9
OTHER REIMBURSEMENT 1200 1200 0 ..10
LEAVE ENCASHMENT 23286 23286 0 ..11
TOTAL 635220
Form 12b :
Column 6: Total amount of salary excluding amounts required to be shown in columns 7 & 8 = 327920 from (1)+(9) above
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)] = 11207 from (2) above
Column 8: Value of perquisites and amount of accretion to employee's provident fund account (give details in the annexure) = 0 (since employer's contribution was not above 12% of 15000)
Thanks,
PD
From India, Chennai
TOTAL(from payslips) Exemptions/Deductions Taxable Amount
BASIC 295418 295418 ..1
HRA 147707 136500 11207 ..2
TRANSPORT 9600 9600 0 ..3
UNIFORM 25270 25270 0 ..4
MEDICAL 8750 8750 0 ..5
CONVEYANCE 31800 31800 0 ..6
TELEPHONE 34600 34600 0 ..7
BOOKS AND PERIODICALS 25087 25087 0 ..8
ARREARS 32502 32502 ..9
OTHER REIMBURSEMENT 1200 1200 0 ..10
LEAVE ENCASHMENT 23286 23286 0 ..11
635220
form 12b Particulars of salary as defined in Section 17, paid or due to be paid to the employee during the year Total of Columns 6, 7 & 8
Total amount of salary excluding amounts required to be shown in columns 7 & 8 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)] Value of perquisites and amount of accretion to employee's provident fund account (give details in the annexure)
Column 6 Column 7 Column 8 Column 9
327920 11207 0 339127
Source (1)+(9) (2)
From India, Chennai
BASIC 295418 295418 ..1
HRA 147707 136500 11207 ..2
TRANSPORT 9600 9600 0 ..3
UNIFORM 25270 25270 0 ..4
MEDICAL 8750 8750 0 ..5
CONVEYANCE 31800 31800 0 ..6
TELEPHONE 34600 34600 0 ..7
BOOKS AND PERIODICALS 25087 25087 0 ..8
ARREARS 32502 32502 ..9
OTHER REIMBURSEMENT 1200 1200 0 ..10
LEAVE ENCASHMENT 23286 23286 0 ..11
635220
form 12b Particulars of salary as defined in Section 17, paid or due to be paid to the employee during the year Total of Columns 6, 7 & 8
Total amount of salary excluding amounts required to be shown in columns 7 & 8 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)] Value of perquisites and amount of accretion to employee's provident fund account (give details in the annexure)
Column 6 Column 7 Column 8 Column 9
327920 11207 0 339127
Source (1)+(9) (2)
From India, Chennai
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