Notification No : 12
Section(s) Referred :
Date of Issue : 12/1/2004
Notification No. 12 of 2004, dt. 12th Jan., 2004
In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:”
1. (1) These rules may be called the Income-tax (5th Amendment) Rules, 2004.
(2) They shall come into force from the 1st day of April, 2004.
2, In the Income-tax Rules, 1962,-
(i) in rule 12, in sub-rule (1), in clause (b), after the second proviso, the following proviso
shall be inserted, namely:-
“Provided also that in the case of an individual, resident in India , where-
a) his total income includes income chargeable to income-tax under the head ‘Salaries’;
b) the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh fifty thousand;
c) his total income does not include income chargeable to income-tax under the head ‘Profits and gains of business or profession’ or ‘Capital gains’ or agricultural income; and
d) he is not in receipt of any other income from which tax has been deducted at source by any person other than the employer;
the assessee shall also have the option of filing return in Form No. 16AA.”;
(ii) in rule 31, in sub-rule (1), in clause (a), the following proviso shall be inserted namely,-“Provided that in the case of an individual, resident in India, where his income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh fifty thousand, the certificate of deduction of tax at source shall be in Form No. 16AA.”;
(iii) in Appendix II, after From No.l6A, the following Form shall be inserted, namely;-
FORM NO 16AA
[See third proviso to rule 12(l)(b) and rule 31(l)(a)]
Certificate for tax deducted at source from income chargeable under the head “Salaries”-cum-Return of income
For an individual, resident in India , where-
a) his total income includes income chargeable to income-tax under the head ‘Salaries’;
b) the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh fifty thousand;
c) his total income does not include income chargeable to income-tax under the head ‘Profits and gains of business or profession’ or ‘Capital gains’ or agricultural income; and
d) he is not in receipt of any other income from which tax has been deducted at source by any person other than the employer
Name and address of the Employer
……………………………………………
……………………………………………..
………………………………………………
……………………………………………….
Name and designation of the Employee
…………………………………………..
…………………………………………..
………………………………………….
………………………………………….
PAN/GIR No. TAN PAN/GIR NO.
TDS Circle where annual Return/statement u/s 206 is to be filled Period Assessment year……….
FROM TO
DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED
1. Gross salary
(a) Salary as per provisions contained in section Rs. 17(1)
(b) Value of perquisites under section 17(2) (as per Form no. 12BA, wherever applicable)
(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)
(d) Total
Rs………..
Rs……….
Rs………
Rs. ______
2. Less: Allowance to the extent exempt under section Rs……..
Rs…….
Rs……..
Rs. ______
3. Balance (1-2) Rs. ______
4. Deductions under section 16:
a) Standard deduction
b) Entertainment allowance
c) Tax on Employment
Rs………
Rs………
Rs……….
5. Aggregate of 4 (a) to (c) Rs.______
6. Income chargeable under the head ‘Salaries’ 77011
7 Add: Any other income reported by the employee
(a) Income under the Head ‘Income from House Property’ 702
(b) Income under the Head ‘Income from Other Sources’
(c) Total of (a) + (b) above Rs._____
8 GROSS TOTAL INCOME (6+7) 746
9 DEDUCTIONS UNDER CHAPTER VI-A
GROSS AMOUNT QUALIFYING AMOUNT DEDUCTIBLE AMOUNT
a) 80ccc Rs. Rs. 235
b) 80D Rs. Rs. 236
c) 80E Rs. Rs. 239
d) 80G Rs. Rs. 242
e) 80L Rs. Rs. 260
f) 80 QQB Rs. Rs. 275
g) 80RRB Rs. Rs. 282
h) SEC Rs. Rs.
10 Aggregate of deductible amounts under Chapter VI-A 747
11 TOTAL INCOME (8-10) 760
12 TAX ON TOTAL INCOME 810
13 REBATE UNDER CHAPTER VIII
I Under section 88 GROSS AMOUNT QUALIFYING TAX REBATE
(please specify) AMOUNT ……….
(a) Rs. Rs. ……….
(b) Rs. Rs. ……….
(c) Rs. Rs. ……….
(d) Rs. Rs. ……….
(e) Rs. Rs. ……….
(f) Rs. Rs. ……….
(g) Total[(a) to (f)] Rs. Rs. 812
II (a) under section 88B 813
(b) under section 88C 814
14. Aggregate of tax rebates at 13 above [1(g)+11(a)+11(b)] 820
15. Tax payable on total income (12-14) and surcharge thereon 832
16 Less’ Relief under section 69(attach details) 837
17. Balance Tax payabfe( 15-16) 841
18. less:
(a) tax deducted at source under section 192(1)
(b) Tax paid by the employer on behalf of the employee under section 192(1A) on perquisites under section 17(2) 873
19 Tax payable/refundable (17-18) 891
DETAILS OF TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT
AMOUNT
DATE OF PAYMENT
NAME OF BANK AND BRANCH WHERE TAX DEPOSITED
I ________________son of Shri_____________________ working in the capacity of__________________(designation) do hereby certify that a sum of Rupees___________(in words) has been deducted at source and paid to the credit of the Central Government. I further certify that the information given above is true and correct based on the books of account, documents and other available records.
Place
Date
………………………………….
Signature of the person responsible for deduction of tax
Full Name
Designation
TO BE FILLED IN BY THE ASSESSEE
1. NAME OF THE ASSESSEE:
2. ADDRESS:
PIN TELEPHONE
3. DATE OF BIRTH
4.SEX M/F: ___ 5. ASSESSMENT YEAR ________ : _____
6. WARD/CIRCLE/SPECIAL RANGE. 7. RETURN: ORIGINAL OR REVISED:
8. PARTICULARS OF BANK ACCOUNT (for payment of refund)
Name of the Bank
MICR Code
Address of Bank Branch
Type of Account
Account Number
VERIFICATION BY THE ASSESSEE
I__________________ (Name in full and in block letters), son/daughter of Shri. _______________________________ belief, the information given in this return is correct, complete and truly stated and in accordance with the provisions of the Income-tax Act, 1961, in respect of income chargeable to income-tax for the previous year relevant to the assessment year _________.
Receipt No……Date……….
SEAL
Signature of the receiving official
Signature of the assessee
Date:
Place:
F.No-142/03/2004-TPL
