STATEMENT OF CALCULATION OF INCOME TAX FOR THE PERIOD 01.04.2024 TO 31.03.2025 - read online free

Sep 19, 2026

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Statement for calculation of income tax for the period 01.04.2024 to 31.03.2025, including personal identification details and tax regime selection (new/old). It captures salary components (gross salary, perquisites, profits in lieu) and exemptions under section 10, followed by deductions under section 16 and computation of income chargeable under the head “Salaries.” It then adds other specified incomes and applies deductions under Chapter VI-A such as 80C savings, 80D medical insurance, and related pension and education-related provisions, culminating in gross total income and further reduction.

LanguageEnglish

CategoryForms

FormatPDF

Pages5

Reading Time2 min

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Personal and Tax Regime Details

Salary Components and Section 10 Exemptions

Assessment Computation and Deductions

Deductions under Chapter VI-A (80C/80D and related)

Deductions related to pensions and other heads

STATEMENT OF CALCULATION OF INCOME TAX FOR THE PERIOD 01.04.2024 TO 31.03.2025 | NAME | | | | : | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | DESIGNATION | | | | | | | | | PERMANENT ACCOUNT NO. : ** Enclose Copy of PAN CARD | | | | | | | | | DATE OF BRTH | | | | | | | | | MALE/ FEMALE/ SR CITIZEN | | | | | | | | | RESIDENTIAL ADDRESS State whether residing at
Rented/own house/quarters | | | | : | | | | | CONTACT NUMBER | | | | : | | | | | NEW REGIME / OLD REGIME | | | | : | | | | | 1. | (a) | Salary as per provisions contained in section 17(1)(Total gross salary income for the year 2024-25 (Month wise details should be furnished from March, 2024 paid in April 2024, to February, 2025 including anticipated arrears pay and allowances, Compensatory pay, Tution fees, D.A. etc.)) | | | | ` . | | | | (b) | Value of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) | | | | ` . | | | | (c) | Profits in lieu of salary under section 17(3) (as per Form No.12BA, wherever applicable) | | | | ` . | | | | (d) | Total | | | | | ` . | | | (e) | Reported total amount of salary received from other employer(s) | | | | | ` . | | | | | | | | | | | | Total Salary (a + b) | | | | | | ` . | | 2. | LESS :-Less: Allowances to the extent exempt under section 10 | | | | | | | | | (a) | Travel concession or assistance under section 10(5) | | | | | | | | (b) | Death-cum-retirement gratuity under section 10(10) | | | | | | | | (c) | Commuted value of pension under section 10(10A) | | | | | | | | (d) | Cash equivalent of leave salary encashment under section 10(10AA) | | | | | | | | (e) | If HRA to the extent exempt U/s. 10 employee should produce copies of rent [receipts. to](receipts. to) the extent exempt u/s.10 (Please enclose working sheet as required along with rent receipt) ** Refer Note: HRA | | | | | | | | | (i) | Actual amount of HRA Received (or) | | | ` . | | | | | (ii) | Rent paid in excess of 10% of salary (or) | | | ` . | | | | | (iii) | 40% of salary | | | ` . | | | | | whichever is less | | | | | | | | (f) | Amount of any other exemption under section 10-FTA | | | | ` . | | | | (g) | Amount of any other exemption under section 10 – WA/UA | | | | ` . | | | | (h) | Amount of any other exemption under section 10-Others | | | | ` . | | | | (i) | Total amount of exemption claimed under section 10[2(a)+2(b)+2(c)+2(d)+2(e)+2(f)+2(g)+2(h)] | | | | | ` . | ASSESSMENT YEAR 2025-26 | 3. | | Total amount of salary received from current employer [1(d)-2(i)] | | ` . | | --- | --- | --- | --- | --- | | 4. | Less: Deductions under section 16 | | | | | | (a) | Standard deduction under section 16(ia)(Exempted upto `.75000/--New Regime) ( ` . 50000/- -Old Regime ) | ` . | | | | (b) | Entertainment allowance under section 16(ii) | ` . | | | | (c) | Tax on employment under section 16(iii) | ` . | | | 5. | Total amount of deductions under section 16
[4(a)+4(b)+4(c)] | | | ` . | | 6. | Income chargeable under the head "Salaries" [(3+1(e)-5] | | | ` . | | 7. | Add: Any other income reported by the employee under as per section 192 (2B) | | | | | | (a) Income (Fixed Deposit-Interest) | | ` . | | | | (b) Interest on NSC, etc. | | ` . | | | | (c) Income from House Property | | ` . | | | | (d) Income-Interest earned on deposits in a S/b | | ` . | | | | Total (a + b + c + d) | | | ` . | | | | | Gross Amount | Qualifying Amount | | 8. | Less – Interest on Housing Loan | | ` . | ` . | | | (Self Occupied House only) Max. `.2 Lakhs) | | | | | 9. | Gross Total Income (6 + 7 – 8) | | | ` . | | 10. | LESS: Deductions under Chapter VI-A | | | | | --- | --- | --- | --- | --- | | (a) | Deduction in respect of life insurance premia, contributions to provident fund etc. under section 80C | | | | | | | | | | |

FAQs

What income period does this statement cover?

It covers the period from 01.04.2024 to 31.03.2025.

How is income from salary computed in this form?

It starts with total salary (salary, perquisites, profits in lieu), subtracts exemptions under section 10, and then applies deductions under section 16 to arrive at income chargeable under “Salaries.”

What key deductions are included under Chapter VI-A?

The form includes deductions such as section 80C (e.g., life insurance/pension/p provident fund and other specified investments), section 80CCD-related pension deductions, and section 80D for health/medical insurance premiums.

Sep 19, 2026

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