Edit with the Docs app Make tweaks, leave comments, and share with others to edit at the same time. NO THANKS USE THE APP Computation of Income for fy 2024-25 format in ex... A computation of income for the financial year 2024-25 in an Excel sheet format generally follows a structured layout that mirrors the five heads of income under the Indian Income Tax Act. Here's a suggested format: Income Tax Computation (FY 2024-25) Personal Information Name: [Your Name] PAN: [Your PAN Number] Assessment Year (A.Y.): 2025-26 Financial Year (F.Y.): 2024-25 Status: [Individual/HUF/AOP/etc.] Residential Status: [Resident/Non-Resident/etc.] 1. Income from Salary 💰 Particulars Amount (₹) Basic Salary [Amount] Allowances (e.g., HRA, DA, etc.) [Amount] Perquisites (e.g., rent-free accommodation, car) [Amount] Gross Salary [Total] Less: Deductions under Section 16 Standard Deduction (₹50,000) 50,000 Professional Tax [Amount] Net Income from Salary [Gross Salary - Deductions...
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