Form 10E Calculator Details

Form No 10E is a form used by Indian individuals and companies to declare their income and asset details to the Income Tax Department. This form is also known as an ITR (Income Tax Return) Form. It must be filed by all individuals and companies whose total income exceeds the taxable limit. The due date for filing this form is 31 July each year. Failing to file it on time may result in penalties and interest charges. This form can be filed online or offline, depending on your preference. The process of filling out this form can be time-consuming, so it's important to gather all the necessary information before you get started.

We've compiled some useful facts about the form no 10e. You might like to learn its size, the actual time necessary to fill out the form, the fields you should fill in, etc.

QuestionAnswer
Form NameForm No 10E
Form Length6 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 30 sec
Other names10e form in excel format ay 2021 22, 10e calculator, form 10e calculator ay 2021 22, income tax form 10e calculator excel 2021 22

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FORM NO. 10E

[See rule 21AA]

Form for furnishing particulars of income under section 192(2A) for the year ending 31st March,________ for claiming relief under section 89(1) by a Government servant or an

employee in a company, co-operative society, local authority, university, institution, association

or body

1.Name and address of the employee

2.Permanent account number

3. Residential status

Particulars of income referred to in rule 21A of the Income tax Rules, 1962, during the previous year relevant to assessment year________________

1.

(a)

Salary received in arrears or in advance in accordance Rs.

 

 

with the provisions of sub-rule (2) of rule 21A

(b)Payment in the nature of gratuity in respect of past services, extending over a period of not less than 5 years in accordance with the provisions of sub-rule (3) of rule 21A

(c)Payment in the nature of compensation from the employer or former employer at or in connection with termination of employment after continuous service of not less than 3 years or where the unexpired portion of term of employment is also not less than 3 years in accordance with the provisions of sub-rule (4) of rule 21A

(d)Payment in commutation of pension in accordance with the provisions of sub-rule (5) of rule 21A

2.Detailed particulars of payments referred to above may be given in Annexure I, II, IIA, III or IV, as the case may be

Signature of the employee

VERIFICATION

I,_____________________________________________________ do hereby declare that what is stated above is true to the best

of my knowledge and belief.

Verified today, the________________day of_______________

Place ________________

 

Date _________________

Signature of the employee

 

ANNEXURE I

 

[See item 2 of Form No. 10E]

 

ARREARS OR ADVANCE SALARY

1.Total income (excluding salary received in arrears or advance)

2.Salary received in arrears or advance

3.Total income (as increased by salary received in arrears or advance)[Add item 1 and item 2]

4.Tax on total income (as per item 3)

5.Tax on total income (as per item 1)

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6.Tax on salary received in arrears or advance [Difference of item 4 and item 5]

7.Tax computed in accordance with Table "A" [Brought from column 7 of Table "A"]

8.Relief under section 89(1) [Indicate the difference between the amounts mentioned against items 6 and 7]

TABLE "A"

[See item 7 of Annexure I]

Previous

Total income of

Salary recieved in

Total income (as

Tax on total income

Tax on total income

Difference in tax

year(s)

the relevant

arrears or advance

increased by salary

[as per column(2)]

[as per column(4)]

[Amount under column

 

previous year

relating to the

received in arrears or

 

 

(6) minus amount under

 

 

relevant previous

advance) of the

 

 

column (5)]

 

 

year as mentioned

relevant previous year

 

 

 

 

 

in column(1)

mentioned in

 

 

 

 

 

 

column(1) [Add

 

 

 

 

 

 

columns (2) and (3)]

 

 

 

 

(Rs.)

(Rs.)

(Rs.)

(Rs.)

(Rs.)

(Rs.)

1

2

3

4

5

6

7

 

 

 

 

 

 

 

Note : In this Table, details of salary received in arrears or advance relating to different previous years may be furnished.

ANNEXURE II

[See item 2 of Form No. 10E]

GRATUITY

Past services extending over a period of 5 years or more but less than 15 years

1. Gratuity received

2.Total income (including gratuity)

3.Tax on total income mentioned against item 2

4.Average rate of tax applicable on total income [Divide amount mentioned against item 3 by amount mentioned against item 2]

5.Tax payable on gratuity by applying the average rate of tax [Multiply average rate of tax mentioned against item 4 with amount of gratuity mentioned against item 1]

6.Total income of two previous years immediately preceding the previous year in which gratuity is received

(i)

(ii)

7.Add one-half of the gratuity mentioned against item 1 in the total income of each of the two preceding previous years mentioned against item 6

(i)

(ii)

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8. Tax on total income of each of the preceding previous years mentioned against item 7

(i)

(ii)

9.Average rate of tax on the total income of each of the two preceding previous years as increased by ½ of gratuity calculated for that year as mentioned against item 7

[Divide the amounts mentioned against items 8(i) and 8(ii) by the amount mentioned against items 7(i) and 7(ii) respectively]

(i)

(ii)

10.Average of average rates of tax mentioned against item 9 [Add the averages of tax mentioned against items 9(i) and (ii) and divide it by 2]

11.Tax payable on gratuity by applying the average of average rates of tax [Multiply the average against item 10 by the amount of gratuity mentioned against item 1]

12.Relief under section 89(1) [Indicate the difference between the amounts mentioned against items 11 and 5]

ANNEXURE IIA

[See item 2 of Form No. 10E]

GRATUITY

Past services extending over a period of 15 years and more

1.Gratuity received

2.Total income (including gratuity)

3.Tax on total income mentioned against item 2

4.

Average rate of tax applicable on total income [Divide

amount

 

mentioned against item 3 by amount mentioned against item 2]

5.Tax payable on gratuity by applying the average rate of tax [Multiply average rate of tax mentioned against item 4 with amount of gratuity mentioned against item 1]

6.Total income of three previous years immediately preceding the previous year in which gratuity is received

(i)

(ii)

(iii)

7.Add one-third of the gratuity mentioned against item 1 in the total income of each of the three preceding previous years mentioned against item 6

(i)

(ii)

(iii)

8.Tax on total income of each of the preceding previous years mentioned against item 7

(i)

(ii)

(iii)

9.Average rate of tax on the total income of each of the three preceding previous years as increased by one-third of gratuity

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calculated for that year as mentioned against item 7 [Divide the amounts mentioned against items 8(i), 8(ii) and 8(iii) by the amount mentioned against items 7(i), 7(ii) and 7(iii) respectively]

(i)

(ii)

(iii)

10.Average of average rates of tax mentioned against item 9 [Add the averages of tax mentioned against items 9(i) to (iii) and divide it by 3]

11.Tax payable on gratuity by applying the average of average rates of tax [Multiply the average against item 10 by the amount of gratuity mentioned against item 1]

12.Relief under section 89(1) [Indicate the difference between the amounts mentioned against items 11 and 5]

ANNEXURE III

COMPENSATION ON TERMINATION OF EMPLOYMENT

Condition : After continuous service of three years and where unexpired portion of term of employment is also not less than three

years

1.Compensation received

2.Total income (including compensation)

3.Tax on total income mentioned against item 2

4.Average rate of tax applicable on total income [Divide amount mentioned against item 3 by amount mentioned against item 2]

5.Tax payable on compensation by applying the average rate of tax [Multiply average rate of tax mentioned against item 4 with amount of compensation mentioned against item 1]

6.Total income of three previous years immediately preceding the previous year in which compensation is received

(i)

(ii)

(iii)

7.Add one-third of the compensation mentioned against item 1 in the total income of each of the three preceding previous years mentioned against item 6

(i)

(ii)

(iii)

8.Tax on total income of each of the preceding previous years mentioned against item 7

(i)

(ii)

(iii)

9.Average rate of tax on the total income of each of the three preceding previous years as increased by one-third of compensation calculated for that year as mentioned against item 7 [Divide the amount mentioned against items 8(i), 8(ii) and 8(iii) by the amount mentioned against items 7(i), 7(ii) and 7(iii) respectively]

(i)

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(ii)

(iii)

10.Average of average rates of tax mentioned against item 9 [Divide by three, the total of averages of tax mentioned against items 9(i) to (iii)]

11.Tax payable on compensation by applying the average of average rates of tax [Multiply the average against item 10 by the amount of compensation mentioned against item 1]

12.Relief under section 89(1) [Indicate the difference between the amounts mentioned against items 11 and 5]

ANNEXURE IV

COMMUTATION OF PENSION

1.Amount in commutation of pension received

2.Total income (including amount in commutation of pension)

3.Tax on total income mentioned against item 2

4.Average rate of tax applicable on total income

[Divide amount mentioned against item 3 by amount mentioned against item 2]

5.Tax payable on amount in commutation of pension by applying the average rate of tax

[Multiply average rate of tax mentioned against item 4 with amount in commutation of pension mentioned against item 1]

6.Total income of each of the three previous years immediately preceding the previous year in which amount in commutation of pension is received

(i)

(ii)

(iii)

7.Add one-third of the amount in commutation of pension mentioned against item 1 in the total income of each of the three preceding previous years mentioned against item 6

(i)

(ii)

(iii)

8.Tax on total income of each of the preceding previous years mentioned against item 7

(i)

(ii)

(iii)

9.Average rate of tax on the total income of each of the three preceding previous years as increased by one-third of the amount in commutation of pension calculated for that year as mentioned against item 7

[Divide the amount mentioned against items 8(i), 8(ii) and 8(iii) by the amount mentioned against items 7(i),7(ii) and 7(iii), respectively]

(i)

(ii)

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(iii)

10.Average of average rates of tax mentioned against item 9

[Divide by three, the total of averages of tax mentioned against items 9(i) to (iii)]

11.Tax payable on amount in commutation of pension by applying the average of average rates of tax

[Multiply the average against item 10 by the amount in commutation of pension mentioned against item 1]

12.Relief under section 89(1)

[Indicate the difference between the amounts mentioned against items 11 and 5]

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