DECLARATION – Calcutta Diocese

Investment Declaration

COMPUTATION OF INCOME TAX

FINANCIAL YEAR 2024-25 (A.Y 2025-26)

Dear Achen,

As you know we have to calculate, deduct, and remit the income taxes owed by salaried staff to the Income Tax Department.

Please submit the following declaration and information, along with any supporting documents, by February 25, 2025.

If we do not receive this information by the specified date, we will assume that you do not have any additional income or savings aside from your salary and EPF. Consequently, your tax liability will be assessed based on this assumption, and deductions will start from your February 2025 salary onward.

You have the option to choose between the Old Tax Regime and the New Tax Regime. If you select the New Tax Regime (upto 7 Lakhs Nil Tax) there is no need to provide details of your investments or savings.

Regards.

Saji Thomas
Finance Controller

COMPUTATION OF INCOME TAX

FINANCIAL YEAR 2024-25 (A.Y 2025-26)

Name

Name of Parish

Designation

Name of the Institution

Designation

Mobile No.

Email

PAN

Tax Scheme

New Tax Scheme

Old Tax Scheme

Note: All the tax reliefs and deductions provided under the Income Tax Act, 1961 can be availed under the OLD TAX SCHEME only.

INCOME DECLARATION

Any Income (other than salary) details

(Income generated / to be generated from 01.04.2024 to 31.03.2025)

House Property / Rental Income

Interest Income from NSC’s/FDR/Bonds etc.

Any other Income (Please specify sources)

INVESTMENTS DECLARATION

Employees opting for Old Tax Scheme is required to fill the below Investment Declaration Form.

Details of Investments/payments made during 01.04.2024 to 31.03.2025 eligible for deductions u/s; (Total Investments u/s. 80C – limited to oRs. 150000/- + u/s. 80 CCD (1B) maximum Rs. 50000/-)

I. 80 C

a. Employee’s Contribution to Provident Fund

Rs.

(Multiple File can be selected at once)

Choose File

b. Life Insurance Premiums paid

Rs.

(Multiple File can be selected at once)

Choose File

c. Tuition fee for children (Any two)

Rs.

(Multiple File can be selected at once)

Choose File

d. Home Loan repayment (Principle)

Rs.

(Multiple File can be selected at once)

Choose File

e. Investment in Public Pension Fund (PPF)

Rs.

(Multiple File can be selected at once)

Choose File

f. ELSS Mutual Funds

Rs.

(Multiple File can be selected at once)

Choose File

g. National Service Scheme (NSC)

Rs.

(Multiple File can be selected at once)

Choose File

h. Unit Linked Insurance Plans (ULIP)

Rs.

(Multiple File can be selected at once)

Choose File

i. Post office/Tax saving FDR (more than 5 years)

Rs.

(Multiple File can be selected at once)

Choose File

j. National Pension System (NPS)

Rs.

(Multiple File can be selected at once)

Choose File

k. Allowable Term Deposit with scheduled bank

Rs.

(Multiple File can be selected at once)

Choose File

l. Additional contribution to NPS u/s 80CCD(1B)

Rs.

(Multiple File can be selected at once)

Choose File

m. Others (please specify if any)

Rs.

(Multiple File can be selected at once)

Choose File

II. 80D, 80DD

Medical Insurance (max.25000/- & 50000/- for senior citizen)

Rs.

(Multiple File can be selected at once)

Choose File

Medical treatment for handicapped dependent

(max. Rs.75000/- Where Disability is 40% or more but less than 80% and Rs. 125000/- for person with severe disability i.e, 80% or above)

Rs.

(Multiple File can be selected at once)

Choose File

III. 80E, 80EE

Interest on education loan

Rs.

(Multiple File can be selected at once)

Choose File

Interest on Home Loan (max 50000/-)

Rs.

(Multiple File can be selected at once)

Choose File

Donations - 80G

Rs.

(Multiple File can be selected at once)

Choose File

Rent Paid - 80 GG

Rs.

(Multiple File can be selected at once)

Choose File

IV. Bank Interest / Dividends (max.10000/-)

Rs.

(Multiple File can be selected at once)

Choose File

V. Any other eligible investment made under the sections of Income Tax Act

Rs.

(Multiple File can be selected at once)

Choose File

I hereby declare that the above furnished information is true & correct to the best of my knowledge. What is stated above is true and correct and any Income Tax dues arising out of wrong declaration will be my sole responsibility.