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Computation 2025-26 Kanchan

The document provides the financial details of an individual named Kanchan for the assessment year 2025-2026, including her income, tax computation, and banking information. Kanchan reported a total income of ₹4,68,400, with a tax liability of ₹8,420, which was fully offset by a rebate, resulting in no tax payable. Additionally, it includes details of her business profits and various sources of interest income.

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22 views2 pages

Computation 2025-26 Kanchan

The document provides the financial details of an individual named Kanchan for the assessment year 2025-2026, including her income, tax computation, and banking information. Kanchan reported a total income of ₹4,68,400, with a tax liability of ₹8,420, which was fully offset by a rebate, resulting in no tax payable. Additionally, it includes details of her business profits and various sources of interest income.

Uploaded by

jarwalmonu9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NAME OF ASSESSEE : KANCHAN

PAN : DXNPK6021A
RESIDENTIAL ADDRESS : H NO-36, W/O CHHOTE LAL RAM DARBAR COLONY, Ram Darbar S.O, Hallo Majra,
CHANDIGARH-160002
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2025 - 2026
WARD NO : WARD-2(2), ROPAR/ FINANCIAL YEAR : 2024 - 2025
GENDER : FEMALE DATE OF BIRTH : 12/07/1991
EMAIL ADDRESS : [email protected]
RESIDENTIAL STATUS : RESIDENT
NAME OF BANK : BANK OF BARODA
IFSC CODE : BARB0SECTOB
ADDRESS : SECTOR B BRANCH
ACCOUNT NO. : 01090100017288
OPTED FOR TAXATION U/S : YES
115BAC
RETURN : ITR-4 : ORIGINAL (FILING DATE : 14/06/2025 & NO. : 145948130140625)
IMPORT DATE : AIS : TIS : 14-06-2025 02:07 PM 26AS : 13-06-2025 05:28 PM
COMPUTATION DATE : 14-06-2025 02:28 PM

COMPUTATION OF TOTAL INCOME

PROFITS AND GAINS FROM BUSINESS AND PROFESSION 4,52,529

PROFIT U/S 44AD - PHOTOSTATE


PROFIT DEEMED U/S 44AD @ 8% OF RS. 7,54,215 60,338
PROFIT DECLARED U/S 44AD @ 60% OF RS. 7,54,215 4,52,529
PROFIT (HIGHER OF THE ABOVE) 4,52,529
INCOME FROM OTHER SOURCES 15,867
INTEREST FROM SAVING BANK AC 775
INTEREST FROM TIME-DEPOSIT 15,072
INCOME TAX REFUND 20
TOTAL 15,867

GROSS TOTAL INCOME 4,68,396


TOTAL INCOME 4,68,396
TOTAL INCOME ROUNDED OFF U/S 288A 4,68,400

COMPUTATION OF TAX ON TOTAL INCOME


TAX ON RS. 3,00,000 NIL
TAX ON RS. 1,68,400 (4,68,400 - 3,00,000) @ 5% 8,420
TAX ON RS. 4,68,400 8,420
8,420
LESS : REBATE U/S 87A 8,420
TAX PAYABLE NIL

Financial Particulars of Business


Partners/Members own capital 25,456
Sundry creditors Nil
Total capital and liabilities 25,456
Inventories Nil
Sundry debtors Nil
Cash-in-hand 25,456
Total assets 25,456
INTEREST FROM SAVING BANK A/C, CO-OPERATIVE BANK AND POST-OFFICE

INTEREST FROM SAVING BANK AC


Sr No Particular Amount
1 SB INTEREST FROM BANK OF BARODA 48
2 SB INTEREST FROM STATE BANK OF INDIA 727
Total 775

INTEREST FROM TIME-DEPOSIT


Sr No Particular Amount
1 FD INTEREST FROM STATE BANK OF INDIA 1,483
2 FD INTEREST FROM YES BANK LIMITED 4,132
3 FD INTEREST FROM PUNJAB NATIONAL BANK 9,457
Total 15,072

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