CALCULATION OF INCOME TAX FOR THE YEAR ..........


Name ________________________ Sex _________  Designation _________________

Emp. Code _______ Place of Posting _______________ State _________________


1.1     Total Gross Income                            : _________


        Less Exemptions
        ---------------

2.1     HRA Exemption                                 : _________
2.2     Transport Allow.                              : _________
2.3     SCRLA & HCA                                   : _________
        (Maximum in Assam & Meghalaya @Rs 200/-PM,
         Arunachal Pradesh & Nagaland @Rs 1050/-PM,
         Manipur @Rs 750/-PM)
2.4     Professional Tax                              : _________
2.5     Total 2.1 to 2.4                              : _________

2.6     Net amount after above exemption (1.1 - 2.5)  : _________

3.1     Standard Deduction
        (Rs. 30,000/- Salary  upto  1.5 lakh          : _________
         or 33.33% of Gross  whichever  is less,
         Rs. 25,000/- for  Salary upto Rs 3 lakhs
         and Rs 20,000/- for Salary upto Rs 5 lakhs)

3.2     Balance Income (2.6 - 3.1)                    : _________

3.3     Income from interest on NSC etc.              : _________

3.4     Total (3.2 + 3.3)                             : _________

4.1     Less deduction under 
        (a) 80-L (Int. on NSC upto 9,000 + 3,000      : _________
            on Govt. Securities) total Rs.12,000
        (b) 80-G/80-CCC/80-D/80-U/80-DDD              : _________
        (c) Interest on HBA (sec.24)                  : _________
4.2     Total 4.1(a) + 4.1(b) + 4.1(c)                : _________

4.3     Net income (3.4 - 4.2)                        : _________

5.1    Total Taxable Income
       (Rounded off to nearest to Rs.10/-)            : _________

5.2    Income Tax on item 5.1                         : _________

5.3     Rebate under Section 88-C for women employee  : _________
        (Maximum Rs 5000/-)

5.4     Net Tax Payable                               : _________

6.1     Tax Rebate under Section 88
        (Maximum Rs. 60,000/-)

        (a)    GPF                                    : _________
        (b)    CGEGIS                                 : _________
        (c)    PLI/LIC                                : _________
        (d)    PPF                                    : _________
        (e)    HBA Recovery upto Rs.20,000/-          : _________
        (f)    CTD upto 10 years P.O                  : _________
        (g)    Interest of NSC 6th & 8th
               issue re-invested                      : _________
        (h)    NSC, NSS, etc.                         : _________
        (i)    Others 

        (j)    Total                                  : _________

6.2     Infrastructure Bond (Max. Rs 20,000)          : _________
7.2     Rebate Admissible (20% of 6.1 & 6.2)          : _________
8.1     Income Tax Payable (5.4 - 7.1)                : _________
8.2     Surcharge @ 2% of Income Tax for taxable      : _________
        income above Rs.60,000/   .
9.1     Total Income Tax & Surcharge Payable          : _________
        Income Tax recovered Upto________             : _________
        Balance to be recovered                       : _________

        Total income tax including surcharge to be deducted from
my salary in Dec.'2001, Jan.'2002 and in Feb'2002 in  three (3)
equal instalments @ Rs._____________ P.M.

                                                
                                        (Signature of the Govt.Servent)
                                          Designation and Emp-Code




The amount of HRA which is to be treated as exempt from salary has to be 
taken as the least of the following amounts :-

        (i)    Actual H.R.A received                  : _________
        (ii)   Rent paid in excess of 10% of salary   : _________
        (iii)  40% of salary                          : _________


Note:
      
----
      1. Persons having gross salary  not  exceeding Rs. 1 Lakh
         and net salary being at  least  90% of  gross   amount
         to be allowed rebate @30% of the qualifying amount.

      2. Deduction for bank interest and other elligible incomes
         is Rs.9000/- plus additional deduction of Rs.3000/- for
         interest on govt. securities only.

      3. Deduction for interest on housing loan for newly constructed
         self occupied residential property raised to Rs. 1,50,000/-.