Pankaj kumar

About me:

Candidate Info :
Full time work rights with HR license

Experience :
Worked at Permanent Account No
Date of Birth: 24/05/1989

: Male
Status: Individual Resident Status Resident
Previous year: 2017-2018 Assessment Year: 2018-2019
Ward/Circle: WARD-3, Y.NAGAR Return: ORIGINAL
Nature of Business or AP APPARELS
Profession

Computation of Total Income
Income Heads Income Income After
Before Set off Set off

Income from Salary 0 0
Income from House Property 0 0
Income From Business or Profession 335376 335376
Income from Capital Gains 0 0
Income from Other Sources 0 0

Gross Total Income 335376
Less: Deduction under Chapter VIA 31042
Total Income 304334
Rounding off u/s 288A 304330

Income Taxable at Normal Rate 304330
Income Taxable at Special Rate 0
Agricultural Income 285900

TAX CALCULATION
Basic Exemption Limit Rs. 250000
Tax at Normal Rates 30546
Total Tax 30546
Less: Tax Rebate on Agriculture Income 19680
Less: Tax Rebate u/s 87A 2500
Tax Payable 8366
Add: Education Cess 167
Total 8533
Add: Secondary & Higher Education Cess 84
Total 8617

Less: Tax Deposited u/s 140A 8620
Amount Payable -3
Tax Rounded Off u/s 288 B 0
COMPREHENSIVE DETAIL

Income from Business & Profession Details
335376
BUS-1
Net Profit As Per P&L A/c 335377
Add:Items Inadmissible/for Separate 2326
Consideration
Depreciation Separately Considered 2326
Sub Total 337703
Less:Items Admissible/for Separate 337704
Consideration
ZenIT – A KDK Software Product
Depreciation Allowed as Per IT Act 2327
Profit From Business 44AD 335377
Loss From BUS-1 -1
Business Income u/s 44AD
Gross Receipts (Banking channel) 1859000
Gross Receipts (Other mode) 126750
Total Gross Receipts 1985750
Actual Profit 335377
Actual Profit %age is 16.89%
Deemed Profit @6% on Gross Receipts 111540
(Banking channel)
Deemed Profit @8% on Gross Receipts (Other 10140 mode)
Deemed Profit against Turnover 121680
Higher of Assessable profit 335377
Business Income From 44AD 335377
Total of Business & Profession 335376

Deductions Under Chapter VIA 31042
Description Gross Deductable
Amount Amount
u/s 80C In Respect of Investments 19642 19642
Life Insurance Premium 19642
u/s 80D Medical Insurance Premium 11400 11400

Details: Tax Deposited u/s 140A

Bank and Branch BSR Code Dated ChallanNo. Amount
IDBI Bank- 6810333 18/07/2018 51124 8620

44AD Turnover Detail
Description Turnover(Non Turnover Gross Actual Profit Actual Profit Banking) (Banking Turnover (%)
Channel)
Business Income 126750 1859000 1985750 335377 16.89
Total 126750 1859000 1985750 335377

ZenIT – A KDK Software Product

Worked As HR Driver Rolls at star track expres from April 2018 to December 2019