Form 12B Queries
Hi,
I have query regarding form 12b. I have recently swicthed organization. I am having difficulty in filling up columns 6,7,8 of the form. Also, I don't understand the annexure form.
What should be filled in annexure A and annexure B if I am required to do so.
Tax computation sheet was provided to me by my previous employer.
Below are few of the components of the salary breakup.
Basic Salary 150,816.00
HRA 80,939.00
Medical Allow. 46,113.00
Transport Allow. 13,136.00
LTA 44,228.00
Gratuity received 58,183.00
Night Shift Allowance 41,100.00
Leave Encashment 77,425.00
Perf Bonus (Q) 53,882.00
Monthly Bonus 28,654.00
Gross Salary 594,476.00
Less Exemption 90,772.00
Leave Salary Exemption 32,590.00
Gratuity Cont. Exemption 58,182.00
Total Gross Salary 503,704.00
Less: Std Deduction 50,000.00
Taxable Salary 453,704.00
Less Chapter VIA 53,642.00
Taxable Income 400,062.00
Tax on Income 7,503.10
Tax Rebate u/s 87A 7,503.10
Tax Deducted at Source 14,245.00
Balance Tax Payable / Refund 14,245.00-
Deduction under Chapter VI-A
80C - Deductions 53,642.00
Section 80C Details
PF + VPF Contribution 18,096.00
LIP 35,046.00
PPF 500
Based on the above details of the various components, Can you help me with the below questions.
What amount should be filled in column 6 for Total amount of salary excluding amount required to be shown in columns 7 and 8?
What amount should be filled in column 7 for HRA,conveyance allowance and other allowances to the extent chargable to tax?
What amount should be filled in column 8 for Value of perquisites and amount of accretion to employee provident fund account?
Am I required to fill annexure details also?