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Nazeer Shaik Income Tax Statement 2021

1) Nazeer Shaik, an individual resident of Kurnool, earned a total income of Rs. 6,70,600 from his business J K Automobiles. 2) He claimed deductions of Rs. 1,62,250 under sections 80C, 80D, and 80CCE. 3) His total income was therefore Rs. 5,08,350 and the net tax payable was Rs. 17,095 which he paid on February 2nd, 2021.

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Mohammad Azharuddin
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25 views2 pages

Nazeer Shaik Income Tax Statement 2021

1) Nazeer Shaik, an individual resident of Kurnool, earned a total income of Rs. 6,70,600 from his business J K Automobiles. 2) He claimed deductions of Rs. 1,62,250 under sections 80C, 80D, and 80CCE. 3) His total income was therefore Rs. 5,08,350 and the net tax payable was Rs. 17,095 which he paid on February 2nd, 2021.

Uploaded by

Mohammad Azharuddin
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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A.Y.

2020-2021

Name : Nazeer Shaik P. Y. : 2019-2020


Father's Name : Noor Ahmed Shaik P.A.N. : ARAPN 4995 L
Address : 1-2-1, D.O.B. : 05-Jun-1979
NUpstair Reddy Street
Status : Individual
Veldurthy
Velduethy, Kurnool - 518 222
Resident Aadhaar: 9152 7551 1144
Statement of Income
[Link] Rs. Rs. Rs.

 Profits and gains of Business or Profession


Business-1: J K Automobiles
Net Profit Before Tax as per P & L a/c 6,70,600
Total income of Business and Profession 6,70,600
Income chargeable under the head "Business and 6,70,600
Profession"
 Gross Total Income 6,70,600
Deductions under Chapter VI-A
80D: Medical Insurance Premia 1 12,250
Investment u/s 80C, CCC, CCD
Life insurance premium 1,50,000
Deduction subject to ceiling u/s 80CCE 1,50,000 1,62,250
Deduction in respect of payments from 01-Apr-20 to 2 0
31-Jul-20 (For [Link])
 Total Income 5,08,350
Tax on total income 14,170
Add: Cess 567
Tax with cess 14,737
Net Tax 14,737
Interest u/s 234B 1,617
Interest u/s 234C 741 2,358
Net tax payable 17,095
Self-assessment tax paid 3 17,095
 Balance tax payable 0

Schedule 1
80D-Medical Insurance Premium/Contribution,
Medical expenses, etc.
In respect of Parents Insurance Medical Health check-up
Premium expenses
Senior Citizen (Resident) 7,250 5,000
Total 7,250 5,000

Total Deductible amount 12,250

... 2
2
Nazeer Shaik Asst year: 2020-2021

Schedule 2

Schedule 3
Self Assessment tax paid
Name of the Bank and BSR Code Date of deposit Challan [Link]. Amount paid
HDFC Bank - 0510308 02-Feb-2021 14142 17,095

Bank A/c: State Bank of India 34026998937 IFSC: SBIN0002807

Date : 04-Feb-2021
Place : Kurnool (NAZEER SHAIK)

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