Income-Tax Deduction from Salaries During FY 2018-19 - IT Circular 1/2019

Income-Tax Deduction from Salaries During FY 2018-19 - IT Circular 1/2019

income-tax-deduction-from-salaries-fy-18-19-it-circular-1-2019

CIRCULAR NO: 01/2019

F.No. 275/192/2018-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

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North Block, New Delhi
Dated the 1st January, 2019
SUBJECT: INCOME - TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2018-19 UNDER SECTION 192 OF THE INCOME- TAX ACT, 1961.
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Reference is invited to Circular No. 29/2017 dated 05.12.2017 whereby the rates of deduction of income - tax from the payment of income under the head "Salaries" under Section 192 of the Income-tax Act,1961 (hereinafter ̳the Act‘), during the financial year 2017-18, were intimated. The present Circular contains the rates of deduction of income - tax from the payment of income chargeable under the head "Salaries" during the financial year 2018 -19 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinafter the Rules). The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department-www.incometaxindia.gov.in.

2. RATES OF INCOME -TAX AS PER FINANCE ACT, 2018:

As per the Finance Act, 2018, income- tax is required to be deducted under Section 192 of  the Act from income chargeable under the head "Salaries" for the financial year 2018 - 19 (i.e. Assessment Year 2019 - 20) at the following rates: 
2.1 Rates of tax 
A. Normal Rates of tax:

Sl N.Total IncomeRate of tax
1.Where the total income does not exceed Rs. 2,50,000/-Nill-
2.Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-5 per cent of the amount by which the total income exceeds Rs. 2,50,000/-
3.Where the total income exceeds Rs. 5,00,000/-but does not exceed Rs. 10,00,000/-Rs. 12,500/-plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
4.Where the total income exceeds Rs. 10,00,000/-Rs.1,12,500/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/

B. Rates of tax for every individual, resident in India,who is of the age of sixty years or more but less than eighty years at any time during the financial year:

Sl N.Total IncomeRate of tax
1.Where the total income does not exceed Rs. 3,00,000/-Nill-
2.Where the total income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/-5 per cent of the amount by which the total income exceeds Rs. 3,00,000/-
3.Where the total income exceeds Rs. 5,00,000/-but does not exceed Rs. 10,00,000/-Rs. 10,000/-plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
4.Where the total income exceeds Rs. 10,00,000/-Rs.1,10,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/
2.2 Surcharge on Income tax:
The amount of income - tax computed in accordance with the preceding provisions of this Paragraph, or the provisions of section 111A or section 112 or section 112A of the Act, shall be increased by a surcharge for the purpose of the Union, calculated, in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub - clause (vii) of clause (31) of section 2 of the Act,-
(a) having a total income exceeding fifty lakh rupees but not exceeding one crore rupees, at the rate of ten percent of such income-tax and 
(b) having a total income exceeding one crore rupees, at the rate of fifteen percent of such income-tax:
Provided that in the case of persons mentioned above having total income exceeding;-
(a) Fifty lakh rupees but not exceeding one crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of fifty lakh rupees by more than the amount of income that exceeds fifty lakh rupees;
(b) one crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees
2.3.1 Health and Education Cess 

Education Cess on income- tax and Secondary and Higher Education Cess on income-tax shall be discontinued. However, a new cess, by the name “Health and Education Cess” shall be levied at the rate of four percent of income tax including surcharge wherever applicable, No marginal relief shall be available in respect of such cess.
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3. TDS from Salaries | Method of Tax Calculation - IT Circular 1/2019 [Tax Deduction at Source from Salaries]
4. Persons Responsible for Deducting Tax and their Duties | IT Circular 1/2019
5. Computation of Income Under the Head "Salaries" | IT Circular 1/2019
  1. Rules for valuation of such benefit or amenity as given in Rule 3 | IT Circular 1/2019
  2. Income not included under the Head "Salaries" (Exemptions) | IT Circular 1/2019
  3. Deduction u/s 16 of the Act form the Income from Salaries | Entertainment Allowance - IT Circular 1/2019
  4. Deductions under Chapter VI-A of the Act | IT Circular 1/2019
6. Rebate of Rs. 2500 for Individual having total Income uoto Rs. 3.5 Lakh (SECTON 87A) | IT Circular 1/2019

7. TDS on Payment of Accumulated balance under Recognised PF and Contribution from approved Superannuation Fund

8. DDOs To Satisfy Themselves of the Genuineness of Claims

9. Calculation of Salary Income of Employee on which income tax would be required to be deducted – IT Circular 1/2019


10. MISCELLANEOUS

10.1 These instructions are not exhaustive and are issued only with a view to guide the employers to understand the various provisions relating to deduction of tax from salaries. Wherever there is any doubt, reference may be made to the provisions of the Income-tax Act, 1961, the Income-tax Rules, 1962, the Finance Act 2018, the relevant circulars / notifications, etc.

10.2 In case any assistance is required, the Assessing Officer/the Local Public Relation Officer of the Income-tax Department may be contacted.

10.3 These instructions may be brought to the notice of all Disbursing Officers and Undertakings including those under the control of the Central/ State Governments.

10.4 Copies of this Circular are available at the following websites: www.finmin.nic.in & www.incometaxindia.gov.in

Sandeep Singh
Under Secretary to the Govt. of India
_________________________________________________________________________________
_________________________________________________________________________________

Important Illustration Must Read
__________________________________________________________________________________________________________________________________________________________________


ANNEXURE-I
SOME ILLUSTRATIONS

Example 1

For Assessment Year 2019-20

(A) Calculation of Income tax in the case of an employee (Male or Female) below the age of sixty years and having gross salary income of:
  • i) Rs.2,50,000/-
  • ii) Rs.4,00,000/-
  • iii) Rs.10,00,000/-
  • iv) Rs.55,00,000/- and
  • v) Rs. 1,10,00,000/-
(B) What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:

ParticularsRupees(i)Rupees(ii)Rupees(iii)Rupees(iv)Rupees(v)
Gross Salary Income
(including allowances)
2,50,000 4,00,000 10,00,000 55,00,0001,10,00,000
Contribution of G.P.F. 45,00050,0001,00,0001,00,0001,00,000

Computation of Total Income and tax payable thereon

ParticularsRupees(i)Rupees(ii)Rupees(iii)Rupees(iv)Rupees(v)
Gross Salary2,50,000 4,00,000 10,00,000 55,00,0001,10,00,000
Less: Deduction U/s 80C45,00050,0001,00,0001,00,0001,00,000
Taxable Income2,05,0003,50,0009,00,00054,00,0001,09,00,000
(A) Tax thereonNil 2,500*92,50014,32,50030,82,500
Surcharge1,43,2504,62,375
Add: Health & Education Cess @ 4%Nil100370063,0301,41,795
Total tax payableNill260096,20016,38,78036,86,670

* After rebate of Rs 2500 u/s 87A
_________________________________________________________________________________

Example 2

For Assessment Year 2019-20


Calculation of Income Tax in the case of an employee below the age of sixty years having a handicapped dependent (With valid PAN furnished to employer).

S. NoParticularsRupees
1Gross Salary4,20,000
2
Amount spent on treatment of a dependant, being person with disability (but not severe disability)
7000
3
Amount paid to LIC with regard to annuity for the maintenance of a dependant, being person with disability(but not severe disability)
60,000
4GPF Contribution 25,000
5LIP Paid10,000
6Interest Income on Savings Account 12,000

Computation of Tax

S. NoParticularsRupees
1Gross Salary4,20,000
2
Add: Income from Other Sources Interest Income on Savings Account
Rs 12,000
3
Gross Total Income
4,32,000
4Less: Deduction U/s 80DD (Restricted to Rs. 75,000/-only) 60,000
5
Less: Deduction U/s 80C (i) GPF Rs.25,000/- + (ii) LIP Rs.10,000/- = Rs.35,000/-
35,000
6Less: Deduction u/s 80TTA on Interest Income on savings account (restricted to Rs 10000/-) 10,000
7
Total Income
2,97,000
8Income Tax thereon/payable (includes Rebate of Rs 2500 as per Section 87ANill
9Add: Health & Education Cess @ 4%.NilNill
10Total Income Tax payableNil
11Rounded off toNil
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Example 3

For Assessment Year 2019-20

Calculation of Income Tax in the case of an employee below age of sixty years where medical treatment expenditure was borne by the employer (With valid PAN furnished to employer).

S. NoParticularsRupees
1Gross Salary5,20,000
2
Medical Reimbursement by employer on the treatment of self and dependent family member
35,000
3Contribution of GPF20,000
4LIC Premium20,000
5Repayment of House Building Advance25,000
6Tuition fees for two children60,000
7Investment in Unit-Linked Insurance Plan30,000
8Interest Income on Savings Account8,000
9 Interest Income on Time Deposit15,000

Computation of Tax

S. NoParticularsRupees
1Gross Salary5,20,000
2Add: Perquisite in respect of reimbursement of Medical Expenses In excess of Rs.15,000/- in view of Section 17(2)(v) 20,000
3Income from Other Sources
i) Interest Income on Savings Account Rs 8,000
ii) Interest Income on Time Deposit Rs 15,000
23,000
4
Gross Total Income
5,63,000
5a. Less: Deduction U/s 80C
(i) GPF Rs.20,000/-
(ii) LIC Rs.20,000/-
(iii) Repayment of House Building Advance Rs.25,000/-
(iv) Tuition fees for two children Rs.60,000/-
(v) Investment in Unit-Linked Insurance Plan Rs.30,000/-
Total =Rs.1,55,000/-
Restricted to Rs.1,50,000/-
b. Less: Deduction u/s 80TTA on Interest Income on savings account (restricted to Rs 10,000/- available only on Savings account interest) Rs 8000
Total deduction available Rs 1,58,000/-
1,58,000
6
Total Income
4,05,000
7Income Tax thereon/payable 7,750Nill
8Add: Health & Education Cess @ 4%.Nil310
9Total Income Tax payable 8060
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Example 4

For Assessment Year 2019-20

Calculation of Income Tax in the case of an employee below age of sixty years where medical treatment expenditure was borne by the employer (With valid PAN furnished to employer).

S. NoParticularsRupees
1Salary3,50,000
2
Dearness Allowance
2,00,000
3House Rent Allowance1,40,000
4House Rent Paid1,44,000
5General Provident Fund36,000
6Life Insurance Premium4,000
7Subscription to Unit-Linked Insurance Plan50,000

Computation of total income and tax payable thereon
 

S. NoParticularsRupees
1Salary+Dearness Allowance+House Rent Allowance
3,50,000+2,00,000+1,40,000=6,90,000
6,90,000
2
Total Salary Income
6,90,000
3
Less: House Rent allowance exempt U/s 10(13A):
Least of:
(a). Actual amount of HRA received = 1,40,000
(b). Expenditure of rent in excess of 10% of salary (including D.A. presuming that D.A. is taken for retirement benefit) (1,44,000-55,000) = 89,000
(c). 50% of Salary(Basic+ DA) =
2,75,000 [Bombay/Kolkata/Delhi/Chennai] or 40% of salary (Basic + DA) in case of other cities
89,000
Gross Total Income
6,01,000
Less:
(i) GPF = Rs. 36000/-
(ii) LIC = Rs.   4000/-
(iii) Investment in Unit Linked Insurance Plan = Rs. 50,000/-
Total  = Rs. 90,000/-
90,000
Total Income
5,11,000
Tax Payble
14700
Add: Health & EducationCess @ 4%
588
Total Income Tax payable
15288
Rounded off to
15290
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Example 5

For Assessment Year 2019-20

Illustrating valuation of perquisite and calculation of tax in the case of an employee below age of sixty years of a private company in Mumbai who was provided accommodation in a flat at concessional rate for ten months and in a hotel for two months ( With valid PAN furnished to employer).
 

S. NoParticularsRupees
1Salary7,00,000
2
Bonus
1,40,000
3Free gas, electricity, water etc. (Actual bills paid by company)40,000
4(a) Flat at concessional rate (for ten month). @ Rs.36000/- month3,60, 000
4(b Hotel rent paid by employer (for two month) 1,00,000
4(c)Rent recovered from employee.60,000
4(d) Cost of furniture.2,00,000
5Subscription to Unit Linked Insurance Plan 50,000
6Life Insurance Premium10,000
7Contribution to recognized P.F.42,000

Computation of total income and tax payable thereon
 

S. NoParticularsRupees
1Salary7,00,000
2
Bonus
1,40,000
3Total Salary(1+2) for Valuation of Perquisites8,40,000
 Valuation of perquisites
4(a) Perquisite for flat (Cities having population>25 lakh as per 2000 census)
Lower of (15% of salary for 10 months = Rs.1,05,000/-)
and (actual rent paid= Rs 3,60,000) i.e. Rs. 1,05,000
1,38,600
4(b) Perquisite for hotel:
Lower of (24% of salary of 2 months = Rs 33,600)
and (actual payment= Rs 1,00,000) i.e. Rs 33,600
4(c)Perquisites for furniture @ 10% of cost (10% of Rs. 2,00,000) Rs. 20,000
4(c)(i) Total of [4(a)+(b)+(c)] (1,05,000+ 33,600+ 20,000)Rs.158,600
Less: rent recovered  (-) Rs.60,000 = Rs. 98,600
4(d)
Add Perquisite for free gas, electricity, water etc. Rs.40,000(+) Rs 98,600 [4(c)(i)] = Rs 1,38,600 Total perquisites
5
Gross Total Income (Rs.8,40,000+ 1,38,600)
9,78,600
6
Gross Total Income 9,78,600
9,78,600
7
Less: Deduction U/s 80C: (i). Provident Fund (80C): 42,000
(ii). LIC (80C) :10,000
(iii). Subscription to Unit Linked Insurance Plan(80C) :50,000/-
Total = 1,02,000
Restricted to Rs 1,02,000 u/s 80C
1,02,000
8Total Income8,76,600
9Tax Payable87,820
10Add: Health & Education Cess @ 4%. 3513
11Total Income Tax payable91,333
12Rounded off to 91,330
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Example 6

For Assessment Year 2019-20

Illustrating Valuation of perquisite and calculation of tax in the case of an employee below the age of 60 years of a Private Company posted at Delhi and repaying House Building Loan ( With valid PAN furnished to employer).
 

S. NoParticularsRupees
1Salary4,00,000
2Dearness Allowance
1,00,000
3House Rent Allowance1,80,000
4Special Duties Allowance12, 000
5Provident Fund60,000
6LIP10,000
7Deposit in NSC VIII issue 30,000
8Rent Paid for house hired by employee 1,20,0001,20,000
9Repayment of House Building Loan (Principal)60,000
10Tuition Fees for three children (Rs.10,000 per child) 30,000

Computation of total income and tax payable thereon
 

S. NoParticularsRupees
1Salary(Basic+DA+HRA+SDA)6.92,000
Less: House rent allowance exempt U/s 10 (13A)
Least of:
(a). Actual amount of HRA received. :Rs.1,80,000
(b). Expenditure on rent in excess of 10% of salary (Including D.A.)assuming D.A. is included for retirement benefits (1,20,000- 50,000) :Rs. 70,000
(c). 50% of salary (including D.A) : Rs. 2,50,000
70,000
2
Gross Total Income Taxable
6,22,000
Less: Deduction U/s 80C
(i). Provident Fund : 60,000
(ii). LIP: 10,000
(iii). NSC VIII Issue: 30,000
(iv). Repayment of HBA : 60,000
(v). Tuition Fees (Restricted to two children): 20,000
Total: 1,80,000
Restricted to 1,50,000
1,50,000
Total Income
4,72,000
Income Tax thereon/payble11,100
10Add: Health & Education Cess @ 4%. 444
11Total Income Tax payable11,544
12Rounded off to 11,540
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Example 7

For Assessment Year 2019-20


A. Calculation of Income tax in the case of a retired employee above the age of sixty years but below the age of 80 years and having gross pension of: 
  • iv) Rs.4,50,000/-
  • v)Rs.8,00,000/-
  • vi) Rs. 12,50,000/-.
B. What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:

ParticularsRupees(i)Rupees(ii)Rupees(iii)
Gross Pension
4,50,0008,00,00012,50,000
Contribution of P.P.F.70,0001,00,0001,50,000

Computation of total income and tax payable thereon


Particulars Rupees(i)Rupees(ii)Rupees(iii)
Gross Pension4,50,0008,00,00012,50,000
Less: Deduction U/s 80C70,0001,00,0001,50,000
Taxable Income3,80,0007,00,00011,00,000
Tax thereon4,00050,0001,40,000
Add: Health & Education Cess @ 4%.16020005600
Total tax payable4,16052,0001,45,600
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Example 8

For Assessment Year 2019-20


A. Calculation of Income tax in the case of a retired employee above the age of 80 years and having gross pension of: 
  • iv) Rs.5,00,000/-
  • v)Rs.8,00,000/-
  • vi) Rs. 12,50,000/-.
B What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:

Particulars Rupees(i)Rupees(ii)Rupees(iii)
Gross Pension5,00,0008,00,00012,50,000
Contribution of P.P.F.80,0001,12,0001,50,000

Computation of total income and tax payable thereon


Particulars Rupees(i)Rupees(ii)Rupees(iii)
Gross Pension 5,00,0008,00,00012,50,000
Less: Deduction U/s 80C80,0001,20,0001,50,000
Taxable Income4,20,0006,80,00011,00,000
Tax thereonNill36,0001,30,000
Add: Health & Education Cess @ 4%.Nill1,4405,200
Total tax payableNill37,4401,35,200
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Example 9


For Assessment Year 2019-20

1.Mr. A, employed with XYZ Ltd. Up to 31.10.2016, received following emoluments :

S. NoParticularsRupees
1Basic pay p.m.13,000
2Bonus for the year received in July, 20157,200
3Club facility (for private use only) Expenditure by employer p.m.700
4
House Rent Allowance p.m.2,800
2800
5
Employer‘s contribution to URPF p.m. (Mr. A also made equal contribution)1,000
1000
W.e.f. 01.11.2015, Mr. A joined PQR Ltd., with following pay package :
1Basic pay p.m.18,00018,000
2House Rent Allowance p.m.1,600.1,600
3Club Facility (for private use only) Expenditure by employer p.m.1,100
4Use of car for journey between office and residence – Employer‘s expenditure p.m.600
5Employer‘s contribution to RPF p.m. (Mr. A also made equal contribution)2000
Other particulars of Mr. A are as under :
11. Mr. A resides at Amritsar paying a monthly rent of3,500
22 Mr. A‘s income from other sources95,000
3Mr. A contributed to LIC/PPR/NSC etc.20,000
Compute Mr. A‘s taxable income and tax liability for A.Y. 2017-18.

Computation of total income and tax payable thereon
 

S. NoParticularsRupees
1
Income from Salary
a) From XYZ Ltd.
4,89,600
Basic pay (Rs.13,000 x 7) 91,000
Bonus7,200
Club facility (Rs.700 x 7) Rupees 4,900
H.R.A. (Rs.2,800 x 7) = 19,600
Less : Exempt u/s 10(13A) = 15,400
4,200
Employer‘s Contribution to U.R.P.F.
1,07,300
  1. (b) From PQR Ltd. | Rupees
    Basic pay (Rs.18,000 x 5)  = 90,000
    H.R.A. (Rs.1,600 x 5)  =  8,000
    Less : Exempt u/s 10(13A) = 8,000
    Club Facility (Rs.1,100 x 5) = 5,500
    Facility of Car (not taxable as perquisite) = 15,400
Employer‘s Contribution to R.P.F.
95,500
Gross Salary
 2,02,800
Less Deduction-----

Net Salary
2,02,800
2
Income from Others Sources
95,000
Gross Total Income
2,97,800
Less : Deduction u/s 80C
: Contribution to LIC/PPF/NSC = Rs. 20,000
: Contribution to RPF ( Rs.2000 x 5) = Rs. 10,000
30,000
Total Income
 2,67,800
Computation of Tax Liability

Tax payable on Rs.2,67,800 8,90
Less : Rebate u/s 87A 8,90
Net Income-tax payable Nil
Add : SurchargeNil
Add : Health & Education Cess @ 4%.
------------
 Total Tax Payable
Nil
_________________________________________________________________________________

Example 10

For Assessment Year 2019-20

2. One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C.
Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs. 40,000, DA at prescribed rates, transport allowances @ Rs.3600+DA thereon, and HRA (existing-from 1st July 2017 @24% of basic pay (though living in his own house). His date of increment is Ist July. The following are other particulars of his income. Compute his taxable income and tax payable, for A.Y.2019 -20.
 

S. NoParticularsRupees
1Honorarium for valuation of answer books of a departmental examination3,000
2Fee for work done for a private body (1/3rd of fees has been retained by Govt.) 6,000
3Contributions to G.P.F. p.m. 4,700
4Postal Life Insurance Premium financed from G.P.F. p.m.280
5Contribution to Central Govt. Employees Group Insurance Scheme p.m.500
6Life Insurance Premium (being a Life Insurance Policy of Rs.1,00,000 taken in name of his wife before 1.04.2012) 10,500.
7Contribution to Public Provident Fund10,000
8Repayment of HDFC loan borrowed after 1.04.1999 EMI Rs.25,000 (Towards loan Rs.95,000, towards interest Rs.2,05,000) 3,00,000

Computation of total income and tax payable thereon
 

S. NoParticularsRupees
1
Income from Salary Basic Pay @ Rs 40,000 p.m
(March to June ‘18)  =  1,60,000
@ Rs 41,200 p.m * (July 2017 to Feb 2018)  =  3,29,600
4,89,600
Dearness Allowance
1.3.2018 to 30.06.2018 @ 7% i.e., Rs 40,000 p.m = 11,200
1.7.2018 to 31.12.2018 @ 9% i.e. Rs 41,200 p.m  = 22,248
1.1.2019 to 28.02.2019 @ 11% (assumed) i.e.,Rs. 41,200 p.m =9,064
5,32,112
House Rent Allowance = 1,17,5046,49,616
Transport Allowance
1.3.2018 to 30.6.2018 @ Rs 3200 p.m = 12,800
1.7.2018 to 31.12.2018 @ Rs 3780 p.m = 22,680
1.1.2019 to 28.2.2019 @ Rs 3852 p.m  = 7704
 43,184
Less:  Exempt u/s 10(14) @ 800 p.m = 19200
23984
6,73,600
Honorarium
3,000
Fees (2/3 retained by him)
4,000
Total Salary
6,80,600
Less:  Standard Deduction
 -
Net Salary
6,80,600
2Income from House Property
Self-occupied u/s 23(2)(a) where property is acquired/constructed with borrowed capital on or after 1.4.1999 and such acquisition/construction computed within five years from the end of FY in which capital was borrowed.Nil
Less: Interest on HDFC Loan (upto Rs. 2,00,000)  2,00,000(-)2,00,000
Gross Total Income
4,80,600
Less:Deduction u/s 80 C-
GPF @ Rs 4,700/-p.m = 56,400-
CGEGIS @ Rs 500/-p.m  = 6,000-
Life Insurance Premium = 10, 500-
Repayment of HDFC Loan = 95,000-
Deposit in Public Provident Fund = 10,000
1,77,900
1,50,000
Restricted to a maximum of Taxable Income 3,30,600
Computation of Tax Liability4030
Tax payable
Add: Surcharge -
Add: Health & Education Cess @4%
161
Total Tax Liability
1691*
*After rebate of Rs 2500 u/s 87A
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Param News: Central Government Employee News|Latest DOPT OM: Income-Tax Deduction from Salaries During FY 2018-19 - IT Circular 1/2019
Income-Tax Deduction from Salaries During FY 2018-19 - IT Circular 1/2019
Rates of Income-Tax as per Finance Act, 2018, Income-Tax Deduction from Salaries During FY 2018-19 Under Sec. 192 of IT Act 1961 CIRCULAR NO: 01/2019
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Param News: Central Government Employee News|Latest DOPT OM
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