Central Pollution Control Board, New Delhi
File No. AC-101/05/VG/2013-14/
September 24, 2013
CIRCULAR
Subject: Income details & proof of savings for tax calculation / deduction purposes for FY 2013-2014
The government of India imposes an income tax on taxable income of individuals. Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961. The Indian Income Tax Department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance, Govt. of India. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
Section 192 of the I.T.Act, 1961 provides that every person (DDO in case of CPCB) responsible for paying any income which is chargeable under the head ‘salary, shall deduct income tax on the estimated income of the assessee under the head salaries. The tax is required to be calculated at the average rate of income tax as computed on the basis of the rates in force. The deduction is to be made at the time of the actual payment. However, no tax is required to be deducted at source, unless the estimated salary income exceeds the maximum amount not chargeable to tax applicable in case of an individual during the relevant financial year. The tax once deducted is required to be deposited in government account and a certificate of deduction of tax at source (also referred as Form No.16) is to be issued to the employee. Finally, the employer/deductor is required to prepare and file quarterly statements in form No.24Q with the Income-tax Department PAN and address are mandatory. If not furnished, tax at source is to be deducted at the prescribed rates or 20% whichever is higher without giving any rebate/deduction.
The proof of Income details & savings under various sections of Income Tax Act be submitted as per the following arrangements:
| Arrangements | By 30th November 2013 | By 15th February 2014 |
| Annexure | I & II along-with proof of the savings (self-attested) till Nov. 30th 2013. |
Only the documentary proof (Annexure need not be sent again) of the proposed savings (self-attested) declared in annexure II. |
| Declaration | Declaration of Proposed savings in the prescribed column in annexure II which are proposed to be made after 30th November 2013 for 2013-2014. |
Proposed savings or proof of the savings will not be considered after this date, even if submitted. |
| Last Date | 30th November 2013 | 15th February 2014 |
In case, no declaration is received by November 30th 2013, due tax will be deducted as per the current tax structure. soft copy of this circular & saving submission annexure are also available at the employees’ corner on the CPCB’s web-site i.e. http://www.cpcb.nic.in/employee/itcircular13-14.pdf & saving submission annexure http://www.cpcb.nic.in/employee/savingsubmission13-14.pdf at Intranet portal (http://10.24.84.156:8080/cpcb.htm).
(M.S. Bansal)
Accounts Officer & I/C F&A
Encl.: As above
Income Tax on Salaries: New IT Circular 08/2013 NE
Income Tax Rates for the Financial Year 2013-2014
| For All Assesses: | |
| Upto Rs.2,00,000/- | NIL |
| Rs. 2,00,010/- to Rs. 5,00,000/- | @ 10% of (total income minus Rs.2,00,000) |
| Rs.Rs.5,00,010/- to Rs.10,00,000/- | Rs. 30,000/- + 20% of (total income minus Rs. 5,00,000) |
| Rs.10,00,010/- & above | Rs. 1,30,000/- + 30% of (total income minus Rs. 10,00,000) |
Things one must know:
1. As per new section 87A wef AY 2014-2015 onwards:
An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his / her total income with which he/she is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.
2. Education Cess 2% +Secondary and Higher Secondary Education Cess 1% Education Cess is applicable (2%+1%)@ 3% on income tax
3. Threshold limit of exemption from personal income tax in the case of all assesses is Rs. 2,00,000. The threshold
limit for a resident woman assessee is also Rs.200,000, while for a resident senior citizen over 60 years is
Rs.2,50,000 and for senior citizen over 80 years is Rs.500,000.
4. The last date for filing of individual income tax return with the concerned ITO is 31st July 2014. For the Assessment year 2013-14, E-filing must for people with annual income above Rs 5 lakh.
5. Tax payers with salary income of up to Rs. 5 lakh and interest from savings bank accounts up to Rs.10,000 is required to file income tax returns in either mode manually or e.filing.
Copy to:
1. PS to CCB: – For kind information of CCB.
2. PS to MS: – For kind information of MS.
3. Incharge-I.T. Division- for publishing this circular on CPCB web-site & Intranet portal.
4. Divisional Incharges –
For information and circulation in the division please.
5. Incharge, Zonal Offices –
(i)For information and circulation in Zonal Office please.
(ii) The saving enclosures be checked by ZO Accounts Officials before forwarding to HO.
(iii) To update HO for payments of allowances paid locally on regular basis.
6. Notice Board
7. Master file
(M.S. Bansal)
Accounts Officer
& I/C F&A
Financial Year 2013-2014
Date:
__________________
__________________
CP
No.__________________
No.__________________
To,
The
Incharge- F&A Division,
Incharge- F&A Division,
Central
Pollution Control Board,
Pollution Control Board,
‘Parivesh
Bhawan’
Bhawan’
East
Arjun Nagar, Shahadara,
Arjun Nagar, Shahadara,
Delhi-110032
Subject: –Submission of Income Details & proof
of savings for income tax financial year 13-14
of savings for income tax financial year 13-14
Sir,
Please
find enclosed herewith my declaration of tax savings (at A-4 size papers) and
other income during the financial year 2013-2014 in annexure-I and annexure-II
duly supported with the documentary evidence(s) & self-attested as per the
following arrangements:
find enclosed herewith my declaration of tax savings (at A-4 size papers) and
other income during the financial year 2013-2014 in annexure-I and annexure-II
duly supported with the documentary evidence(s) & self-attested as per the
following arrangements:
1. The enclosures are serially numbered and
indicated against relevant column of proof of saving annexure.
indicated against relevant column of proof of saving annexure.
2. I also certify that particulars furnished
are true and correct to the best of my knowledge and belief.
are true and correct to the best of my knowledge and belief.
3. I also certify that these savings have
been made by me from my own salary income/ sources.
been made by me from my own salary income/ sources.
4. Proof
of the proposed
savings declared in
annexure I &
II, will be
submitted latest by 15th
of the proposed
savings declared in
annexure I &
II, will be
submitted latest by 15th
February
2014.
2014.
5. I understand if I am unable to submit the
self-attested saving proofs for the current savings by November 30th 2013 & proposed savings evidences by 15th February 2014, due tax may be deducted from my
salary for the month of February and March 2014 without any further intimation
to me.
self-attested saving proofs for the current savings by November 30th 2013 & proposed savings evidences by 15th February 2014, due tax may be deducted from my
salary for the month of February and March 2014 without any further intimation
to me.
6. I will be personally responsible to Income
Tax Department, Govt. of India, for all information pertaining to income tax
assessment.
Tax Department, Govt. of India, for all information pertaining to income tax
assessment.
Thanking you
Encl. Annexure –I and II
Yours
faithfully
faithfully
Signature______________________________________
Name_________________________________________
CPCB
Extn. No._________________________________
Extn. No._________________________________
Mobile
No._____________________________________
No._____________________________________
E.mail.
ID______________________________________
ID______________________________________
Annexure -1
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CP No.
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नाम (Name)
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पदनाम (Designation)
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PAN No.
(Encl.
copy of PAN Card) |
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Particulars for other income and savings:
(I)
Income
from house property (Give full details)
Income
from house property (Give full details)
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01
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Name of the
owner & Co-owner of the House
Property
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02
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Address of House Property
(Enclose documentary evidence)
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03
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Whether it is a
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a. Purchase
of ready built flat/house |
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b. Semi-built
up house; or |
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c. Piece of land;
on which house is |
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constructed
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04
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Whether Housing loan taken, if yes,
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a. Name
& address of the bank/ Organisation; & |
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b. Date of
loan (attach sanction /
disbursement letter
from bank) |
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05
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Date of possession of house along with completion
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certificate
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06
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Whether
the House Property is Self Occupied |
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Yes
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No
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07
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Whether any part of this House Property is let out
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during
the financial year? If yes, give details. |
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08
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Housing Loan Interest Due/Paid/to be paid during
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the Financial Year ending 31st March 2014
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(Attach prescribed certificate from
Money |
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Lender bank / Organisation)
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09
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Out of the
above Housing Loan interest, how |
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much
is being claimed this year as deduction |
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10
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Whether
Co-applicant is claiming any deduction |
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from
his/her income |
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11
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Interest on HBA
for Pre-construction period |
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claimed
during this year |
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12
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Source(s) for repaying the Housing Loan (Principal
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and
Interest, both) |
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13
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In case of Co-owner/Co-borrower, Give full details
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about his/her employment
/ profession in a |
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separate
sheet |
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14
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House Property is declared in Annual Declaration
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Yes
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No
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of
property statement to CPCB |
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(II)
Other Income
declared:
Other Income
declared:
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1.
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Honorarium
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_______________________________________________
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2.
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Saving
Bank Interest |
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_______________________________________________
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3.
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FDR
Interest |
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_______________________________________________
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4.
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CPCB
T/C Society interest |
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_______________________________________________
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5.
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Monitoring
Allowance |
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_______________________________________________
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6.
Medical Bill Reimbursement( without
hospitalization),
Medical Bill Reimbursement( without
hospitalization),
If
taken more than Rs.15,000/- during the year:
_________________________________________________
taken more than Rs.15,000/- during the year:
_________________________________________________
7. Agricultural Income. (if more than Rs. 5,000 during the year):_______________________________________
(For determination of tax rate purposes
only)
only)
- Any Other income (Give Full Details)
(a)………………………………….. : ____________________________________________
(b).…………………………………. : ____________________________________________
(c)………………………………….. : ____________________________________________
(III)
Employees,
who are in receipt of house rent allowance (HRA) and want to get exemption of
HRA under section 10 (13A) in computing of total income, should furnish the
following particulars:
Employees,
who are in receipt of house rent allowance (HRA) and want to get exemption of
HRA under section 10 (13A) in computing of total income, should furnish the
following particulars:
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i)
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Monthly
rent |
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In
support of claim, please provide |
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(i) rent agreement; and
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(ii) monthly rent receipts
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ii)
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House
Owner’ Name |
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Address
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Telephone
No. |
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iii)
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PAN
of House Owner |
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iv)
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Address
of House taken on rent |
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v)
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Total
Amount of rent paid / will be paid
during
the financial year 2013-14 |
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April-13
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May-13
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June-13
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July-13
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Rs.
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Rs.
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Rs.
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Rs.
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Aug-13
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Sep-13
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Oct-13
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Nov.-13
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Rs.
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Rs.
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Rs.
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Rs.
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Dec-13
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Jan-14
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Feb-14
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Mar-14
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Rs.
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Rs.
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Rs.
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Rs.
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Certified that the particulars furnished by me in annexure-I are correct and
true to the best of my knowledge and belief.
true to the best of my knowledge and belief.
Signature_____________________________
Date:
Annexure-II
LIC
POLICIES TAKEN AFTER APRIL 1, 2012
POLICIES TAKEN AFTER APRIL 1, 2012
(1b)
Life Insurance Premium (minimum holding period 2 years)- Which are to be
paid after November 30th 2013
Life Insurance Premium (minimum holding period 2 years)- Which are to be
paid after November 30th 2013
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Name of
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Policy No.
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Sum
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policy
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Premium
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Mode:
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Premium
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Insurance Co.
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Assured
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term
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Amount
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Monthly/Qly/
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Amount
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Rs.
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Hly/Yearly
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Rs.
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1
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2
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3
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4
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5
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6
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5 X 6 = 7
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LICPOLICIES TAKEN BEFORE APRIL 1, 2012
LIC
POLICIES TAKEN AFTER APRIL 1, 2012
POLICIES TAKEN AFTER APRIL 1, 2012
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Nature of Deduction
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Savings
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Proposed
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No.
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up to Nov 30th
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Savings
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13(Attach
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after
Nov. 30th |
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photocopy)
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2013
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(2)
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Contribution for participating in ULIP of UTI, LIC etc
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(minimum holding period 5 years)
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(3)
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Contribution
to Notified Mutual Funds |
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(4)
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Principal Repayment of House Building Loan:
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Payment by way
of installment or part payment of loan taken for |
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purchase /
construction of a residential property (minimum holding |
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period 5 years)
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(5)
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Recognized
Mutual Funds |
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(6)
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Post office five year time deposit scheme “PO TDR 1981”
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(7)
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Fixed deposit for 5 years or
more with schedule bank |
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(under tax saving scheme)
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(8)
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Amount
invested in approved debentures of, and equity shares in, a |
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public company engaged in infrastructure including power
sector |
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(9)
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Tuition fees to any
University / College /Educational Institution in |
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India for full time education of any two children.
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(10)
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National Savings Certificates, VIII issue
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Date of Purchase
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Amount of NSC Rs.
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(11)
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Accrued Interest on NSC:
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Date of Purchase
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Amount of NSC Rs.
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(12)
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Contribution (not being repayment of
loan) towards 15 years PPF |
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Scheme (max. limit Rs.
1,00,000/-) |
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(13)
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Payment in respect of any non commutable deferred annuity
(UTI,LIC, |
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Kothari)
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(14)
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Contribution
towards an approved superannuation fund |
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Deduction under Section 80 (CCC):
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(1)
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Pension
fund (Maximum Rs.1,00,000/-) |
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Name
of Fund |
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Date
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of
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Amount
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of
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Investment
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Investment
(Rs.) |
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Deduction
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under Section 80 (CCD-1):
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(1)
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Employees’ contribution to
New Pension scheme of Central Govt. |
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(upto 10% of BP+DP+DA)
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Deduction under Section 80 (CCD-2):
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(1)
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Employers’ contribution to
New Pension scheme of Central Govt. (upto 10% of BP+DP+DA) |
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Section 80 (CCG):
Deduction for Rajeev Gandhi Equity Saving Scheme (RGESS):
50% Tax deduction for those whose annual income is
below Rs.10 lakh and who invest up to Rs.50,000 in stocks.
The scheme is for individuals with
annual income of below Rs.10 lakh, will have a lock-in period of 3 years. |
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Deduction under Section 80-D:
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(1)
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Medical insurance Premia:
(i)
Part I: A deduction upto Rs.15,000 on the life of taxpayer, his/her spouse and his/her dependent children;
Preventive
Health Check-up:
A deduction of upto Rs.5,000/- for preventive health check-up of Self,
Spouse, Parent(s) or dependent children under section 80-D within the maximum limit of Rs.15,000/-.
(ii)
Part II: Further a deduction upto Rs.15,000 is available on the life of father and / or mother of the taxpayer.
(iii)
An additional deduction of Rs.5,000/- available if medi-claim policy is taken on the life of a resident who is at least 60 years of age at any time during the previous year. This is irrespective of whether they’re dependent on you or not. No deductions can be claimed for in-laws. |
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Deduction under Section 80-DD:
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(1)
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Maintenance including medical treatment of a handicapped
dependent (having any disability of not less than 40%)
Available Deduction
– Rs.50,000, or actual expenditure incurred,
whichever is lesser. For severe handicap
conditions (more than 80%) Rs.1,00,000 is the deduction limit.
Scope of Deduction – Deduction can be claimed for dependent
parents, spouse, children and siblings.
Please note that Dependent must not have claimed any
deduction for their disability. |
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Deduction under Section 80-DDB:
Medical expenditure on specified disease
or ailment: |
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(1)
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Deduction of Rs.40,000 or Rs.60,000 (for
senior citizen above 60 years of age) in respect of medical expenditure on specified disease or ailment incurred Expenditure must be actually incurred by resident assessee on himself or dependant relative for medical treatment of specified disease or ailment. The diseases have been specified in Rule HDD. A certificate in form 101 is to be furnished by the assessee from any registered doctor working in a Govt. Hospital) subject to reduction of amount reimbursed by any Insurance company or CPCB |
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Deduction
under Section 80-E: |
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Interest on loan taken for higher studies:
Entire payment of interest on loan for
higher studies is deductible for a maximum period of 8 years or until the above interest paid in full, whichever is earlier |
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Deduction under Section 80-G:
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Donations made for charitable purposes:
In
respect of section 80G, no deduction should be allowed by the employer/DDO, from the salary income.
The
tax relief on such donations u/s 80G will have to be claimed by the taxpayer in ITR.
However,
DDOs, on due verification, may allow donations to the following bodies to the extent of 50% of the contribution”:
a) The Jawaharlal Nehru Memorial Fund;
b)
The Prime Minister’s Drought Relief Fund;
c) The National Children’s Fund;
d)
The Indira Gandhi Memorial Trust;
e) The Rajiv Gandhi Foundation,
and to the following bodies to the
extent of 100% of the contribution:
1) The
National Defence Fund or the Prime Minister’s National Relief Fund;
2)
The Prime Minister’s Armenia Earthquake Relief Fund;
3)
The Africa (Public Contribution-India) Fund;
4) The
National Foundation for Communal Harmony;
5)
The Chief Minister’s Earthquake Relief Fund, Maharashtra;
6)
The National Blood Transfusion Council;
7)
The State Blood Transfusion Council;
8)
The Army Central Welfare Fund;
9)
The Indian Naval Benevolent Fund;
10)
The Air Force Central Welfare Fund;
11)
The Andhra Pradesh Chief Minister’s Cyclone Relief Fund, 1996; (12) The National Illness Assistance Fund;
(13) The Chief Minister’s Relief Fund or
Lieutenant Governor’s Relief Fund, in respect of any State or Union Territory, as the case may be, subject to certain conditions;
(14)
The University or educational institution of national eminence approved by the prescribed authority;
(15)
The National Sports Fund to be set up by the Central Government;
(16)
The National Cultural Fund set up by the Central Government;
(17)
The Fund for Technology Development and Application set up by the Central Government;
(18)
The national trust for welfare of persons with autism, cerebral palsy mental retardation and multiple disabilities.
Kindly check
the eligibility from the above list before putting any amount against this column |
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Deduction
under Section 80 TTA: |
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(1)
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A deduction upto Rs. 10,000/- in
aggregate is available in respect of any income by way of interest on deposits (not being time deposits) in saving bank account with-
a. a banking company;
b. a co-operative society engaged in
carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank); or
c. a post office
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Deduction under Section 87A:
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(1)
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AS per new section 87A wef AY 2014-2015
onwards:
An assessee, being an individual
resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his / her total income with which he/she is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.
It means that tax credit of Rs 2,000 to
every person who has a total income up to Rs 5 lakh. |
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DEDUCTION UNDER CHAPTER VI-A IN RESPECT
OF CERTAIN INCOMES: |
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Deduction
under Section 80-U: |
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(1)
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Income of a person with disability:
Not less than 40% of any disability
given in the aforesaid section and submission of a copy of certificate issued by Medical Authority. Certificate should be obtained from a Govt. Doctor. The relevant rule is Rule 11D. (Format may be taken from F&A Division, if required). Subject to certain conditions and subject to fixed deduction of Rs.50,000. A higher deduction Rs.1,00,000/- is available in respect of person with severe disability over 80%. |
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The following details have been filled as
per the payslips provided by F&A Division every month and due tax have been
calculated as per the tax rates mentioned in the circular’s last page.
per the payslips provided by F&A Division every month and due tax have been
calculated as per the tax rates mentioned in the circular’s last page.
Income Details:
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Months
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House
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Basic
+ |
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Rent
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Basic
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Grade
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Grade
Pay |
Dearness
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Allowa
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Personal
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Special
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Transport
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Others
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TOTAL
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Pay
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Pay
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=Total
Pay |
Allowance
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nce
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Pay
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Pay
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Allowance
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APR-13
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MAY-13
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JUNE-13
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JULY-13
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AUG-13
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SEP-13
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OCT-13
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NOV-13
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DEC-13
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JAN-14
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FEB-14
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MAR-14
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Arrears
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Jan to
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Mar-13
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Arrears
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July to
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Sep-13
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Other
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arrears
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CHILDREN EDUCATION
REIMBURSEMENT |
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||||
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HONORARIUM / REMUNERATION
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||||
|
LEAVE ENCASHMENT
WHILE IN SERVICE |
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BONUS
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MONITORING ALLOWANCE
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OVER
TIME ALLOWANCE |
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MEDICAL ALLOWANCE FOR CLINICAL
TREATMENT
TREATMENT
SAVING BANK INTEREST
CPCB T/C SOCIETY INTEREST
KISSAN VIKAS PATRA INTEREST
FIXED DEPOSIT INTEREST
NATIONAL SAVING CERTIFICATE INTEREST
POST OFFICE SAVING BANK INTEREST
ANY OTHER INCOME
ANY OTHER INCOME
|
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TOTAL
INCOME (A) |
|
|
Deduction U/s
|
|
AMOUNT
( Rs.) |
|
80-C,
80-CCC |
Details as given
above in the annexure 1. (Max. 1 lac) |
|
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80-D
|
Details as given
above in the annexure 1. (Max. 0.15 lac) |
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80-DD
|
Details as given
above in the annexure 1. |
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80-DDB
|
Details as given
above in the annexure 1. |
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80-E
|
Details as given
above in the annexure 1. (No limit) |
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80-G
|
Details as given
above in the annexure 1. |
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80-CCD(1)
|
Details as given
above in the annexure 1. |
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80-CCD(2)
|
Details as given
above in the annexure 1. |
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80-CCG
|
Details as given
above in the annexure 1. (Max 0.25 lac) |
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80-TTA
|
Details as given
above in the annexure 1. (Max 0.10 lac) |
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80-U
|
Details as given
above in the annexure 1. |
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INTEREST ON HBA
|
Details as given
above in the annexure 1. |
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TOTAL DEDUCTIONS (B) :
Balance (C)= (A – B)
TAX on C
AVERAGE TAX PER MONTH
Certified that the particulars furnished by me in annexure-II are correct and
true to the best of my knowledge and belief.
true to the best of my knowledge and belief.
Date: Signature________________________
Name___________________________
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