Form Pit 2 – Fill Out and Use This PDF

PERSONAL INCOME TAX RETURN FORM [ FORM PIT - 2 ]

DEPARTMENT OF REVENUE & CUSTOMS

MINISTRY OF FINANCE

ROYAL GOVERNMENT OF BHUTAN

INCOME YEAR

RRCO

(Please ill the following in BLOCK LETTERS)

/1. TAXPAYER’S PARTICULARS

/Name

/Taxpayer No. (TPN)

/Citizen ID No.

/Permanent Address

/House No.*

/Residence Permit No.

/Thram No.*

/Village

/Nationality

/Gewog

/Dzongkhag

/Date/Year of Birth

/Present Address

/Address

/Post Box No.

/Father’s Name*

/Dzongkhag

/Telephone number

/Mother’s Name*

2.

MARITAL STATUS

(O)

(R)

/2.

MARITAL STATUS

/Are you married? Please tick

Yes

No

If married, please ill in spouse’s particulars:

/Spouse’s name

/Previous Place of Registration

/Date/year of birth

/Citizen ID number

/Present Address

/Residence Permit number

/Telephone number

/Nationality

/3.

DETAILS OF CHILDREN

				Specify the source	Tick if the child is
				of income clubbed
	Child’s Name	Date of Birth	Tick if the income of		student.
				in the return.
			a child below 18 years
			of age is clubbed in the return

1

2

3

4

Footnote: JIS,JY,[YJ,XS)I;,DS,;,NIS,],EYS, NIJ,GUL,HI,HI’Y,DS,’L/If required, please use additional-Y,PU,LCsheet. -YD,LXA_S,<

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4 INCOME COMPUTATION WORKSHEET

4.1 GROSS INCOME FROM SALARY AND CONSULTANCY SERVICES

(If you have/had income from salary or consultant fees, please ill in the following)

Employer’s name and address:		Amount	Month	Total
		/Basic salary
		/Allowance(s)
		/Bonus
		/Fees
Employer’s TPN or ACS code:
		/Commission(s)
		/Leave encashment

/Any other beneits

/Gross salary income

/Less:

/Provident fund (PF)

/Group insurance scheme (GIS)

/Net salary incom from employer 1

/Basic salary

Employer’s name and address:

/Allowance(s)

/Bonus

Employer’s TPN or ACS code:		/Fees
		/Commission(s)
		/Leave encashment
		/Any other beneits
	/Gross salary income
/Less:

/Provident fund (PF)

/Group insurance scheme (GIS)

/Net salary incom from employer 2

Adjusted gross salary income

AGI (i): Add the totals of net salary income from employers to give adjusted gross salary

income and transfer the amount to Table No5 5

Footnote:	If required, please use additional sheet.

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.	4.2 GROSS INCOME FROM RENTAL PROPERTY
	[If you own rental property/properties and have a
	rental income, please ill in the following (Rental
	property includes land, building and houses
	used for rental purpose]

A:Gross rental income for all properties (add the above)

B1: Interest paid on loans (enclose bank statements)

B2: Repair and maintenance (20%) of A

B3: Insurance premiums

B4: Local taxes

B:Total speciic deductions/exemption(add the four above:B = B1+B2+B3+B4)

AGI (ii)

AGI (ii) Adjusted gross rental income (A – B) and if positive, transfer the amount to Table No 5.

Footnote:

/If required, please use additional sheet.

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4.3GROSS INCOME FROM DIVIDEND

If you have received dividend, please ill in the following.

A: Gross dividend income from all companies (add the above)

B1: Interest paid on loans (enclose loan documents)

B2: Exemption		10,000
B: Total speciic deductions/exemption (add the two above B = B1+B2)

AGI (iii) Adjusted gross dividend income (A – B) and If positive, transfer the amount to Table No 5

Footnote:/If required, please use additional sheet.

4.4 GROSS INCOME FROM INTEREST (If you have ixed deposit accounts with a inancial institution, please ill in the following

	Financial institutions		Single or joint account	Account number		Interest received
	A: Gross interest from all inancial institutions. (add the above)
	B: Speciic deductions/exemption					10,000
	AGI (iv) Adjusted gross interest income (A – B) and If positive, transfer the amount to Table No 5
	Footnote:			/If required, please use additional sheet.

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4.5GROSS INCOME FROM CASH CROP

(If you own any orchards (apple, orange and cardamom), please ill in the following.

A:Gross income from all orchards (add the above)

B:Speciic deduction/exemption (30% of A)

AGI (v) Adjusted gross income from cash crops (A – B) and

If positive, transfer the amount to Table 5

Footnote:	/If required, please use additional sheet.
	If required, please use additional sheet.
	4.6 GROSS INCOME FROM OTHER SOURCES
(If positive, transfer the amount to Table No 5)	(If you have received any income from other
	sources, please ill in the following)

A:Gross income from all other sources (add the above)

B:Speciic deduction/exemption (30% of A)

AGI (vi) Adjusted gross income from other sources (A – B)

and If positive, transfer the amount to Table 5

Footnote:

/If required, please use additional sheet.

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