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Teachers Income Tax Model Calculation for AP/ Telangqana Employees IT Savings 2019-20

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Teachers Income Tax Model Calculation for AP/ Telangqana Employees IT Savings 2019-20

Income Tax for FY 2019-20 | Check Slab Rates, Calculation & News unchanged for AY 2020-21 and AY 2018-20, some interesting change. Income Tax Software 2019-20 for Teachers/ Employees in AP & Telangana States, Employees IT Calculator, New Slab rates, Latest Housing loan, 80C saving sections Download here. AP Teachers Income Tax Software 2019-20 TS Teachers Model Income tax Calculation 2019-20 financial year IT 2019-20 Calculation AP Employees IT Calculation Model Proforma TS Teachers income tax calculate, Income Tax 80c Saving, Housing Loan Interest and Principal Amount , Telangana Employees Indusual IT Calculation software IT Savings Income Tax Deductions IT Assessment year 2020-21.

Teachers Income Tax Model Calculation for AP/ Telangqana Employees IT Savings 2019-20

Teachers Income Tax Model Calculation for AP/ Telangqana Employees IT Savings
Teachers Income Tax Model Calculation
Income tax slab rates in India for different age groups and tax benefits offered by various life insurance policies, for the financial year 2018-19. Income Tax Slabs for Financial Year 2018-19 (Assessment Year 19-20). Income Tax Deductions on Section 80C, 80CCC & 80CCD, Section 80 TTA, Section 80GG, Section 80E, Section 80EE, Section 80CCG, Section 80D, Section 80DD, Section 80DDB, Section 80U, Section 80G, Section 80GGB, Section 80GGC and Section 80RRB Deductions.

IT Calculation Assessment year 2020-21 for Teachers

* Name of the Employee :              Sri. K.Chandra Sekhar Rao
* Working Place ( Office ) :            ZPHS, Jonnagiri , Tuggali (Mandal)
* Designation :                             Secondary Grade Teacher
* Office Address :                         ZP High School,Jonnagiri,Tuggali ( Mandal )

1 Whether living in : Rented House             
Treasury Id. No : 098756
2 Gross Salary :                                                                                             Rs. 295,748
3 H.R.A. Exemption as per eligibility U/s. 10(13-A)
                        a) Actual HRA received                                                              Rs. 16,408
                                b) Actual House Rent paid by you minus 10% of your Salary      Rs. 17,760
                                c) 40% of Salary (Salary means Basic Pay+D.A)                       Rs. 16,408
4 Total Salary (2-3)                                                                                           Rs.279,340

5 Deductions from Salary Income               

a) Exemption from Conveyance Allowance U/s. 10(14) (i)    Rs. -
               b) Profession Tax U/s 16 (3) B                                               Rs. 2,400

6 Income From Salary (4-5)                                        Rs. 276,940
7 Add: Income From other sources                              Rs. -
8 Add: Income From Capital Gains                              Rs. -
9 Income or Loss from House Property U/s 24(vi)       Rs. -
10 Gross Total Income (6+7+8+9)                            Rs. 276,940

11 Deductions
                 a) 80G E.W.F. & S.W.F & CMRF Rs. 1,170
                b) 80E Interest of Educational Loan Rs. -
                c) 80DDB Expenditure on treatment for diseases( senior citizen) Rs. -
                d) 80E Interest of Housing Loan Rs. -
                e) 80U Disabled Person(PH)-above 80%disability( Rule 11A) Rs. -
                f) 80d Employees Health Cards Premium in AP Rs. 360

TOTAL-----------                                                                 Rs. 1,530

12 Gross Total Income (10-11)                                                              Rs. 275,410 

13 Savings U/s 80C ( Limited to Rs.1,50,000 ) 

                                   a) PF No: 56987 Rs. 17,883
                                       b) APGLI No: L-236548 Rs. 12,000
                                       c) GIS Rs. 360
                                       d) LIC Policies Monthly Premium in Salary Rs. -
                                       e) LIC Policies premium - Yearly Rs. -
                                       f) Repayment of Home Loan installments Rs. -
                                       g) Tuition Fee for Two children Rs. -
                                       h) PLI Rs. -
                                       i) Rajiv Gandhi Equity Saving Scheem Rs. -
                                       j) Any Other Entry Rs. -
Total Savings                                                           Rs. 30,243

14 Net Taxable Income (12-13) Rs. 245,167 
15 Tax on Income = 245167 - 250000 Tax Rs. 0
                                         a) Upto-2,50,000                            Rs. Nil
                                         b) 2,50,001/- to 5,00,000/- 10%     Rs. -
                                         c) 5,00,001/- to 10,00,000/- 20%   Rs. 0
                                         d) above Rs.10,00,001 - 30%         Rs. 0

16 Tax Rebate Rs. 2000/-upto Rs.5,00,000 Taxble Income( U/s 87 A)  Rs. -
17 Total Tax Payable (15-16) -                                                              Rs. -
18 Education Cess 1%+ Secondary & Higher Education Cess 2%         Rs. 0

19 Total Tax                                                          Rs. Nil 

20 Details of Adv.Tax Deductions Advance Tax paid - 0
a) Mar-18 to May-18   Rs.
b) Jun-18 to Aug-18    Rs.
c) Sep-18 to Nov-18   Rs.
d) Dec-18                  Rs.
e) Jan-19                   Rs.
f) Feb-19                   Rs.
Signature of the Drawing Officer                                             Signature of the Employee 

 Income Tax 2019-20 Software Download ( Trail Version )

Income Tax Model Software FY 2019-20 for AP Govt. Employees/ Teachers, Income Tax Software for Telangana Govt. Employees, Teachers Income Tax Calculator for FY 2020-21.
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