TaxTMI 
TaxTMI 
The rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2010-11
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.... Index ============= Document 1 INDEX Para No. 1. General 2. Finance Act, 2010 3. Section 192 of Income-tax Act 1961 4. Persons responsible for deducting tax and their duties 5. Estimation of income under the head "Salaries" 5.1 Income chargeable under the head "Salaries" 5.2 5.3 Incomes not included in the head "Salaries" (Exemptions) Deductions from income from salaries u/s 16 of the Act 5.4 Deductions under Chapter VI-A of the Act 6. Calculation of Income-tax to be deducted 7. Miscellaneous Page Nos. 01 01 to 02 02 to 04 04 to 09 09 09 to 12 12 to 15 15 15 to 21 21 21 to 22 Annexures 1. Examples II. Form No. 12BA (as amended) III. Revised procedure for furnishing quarterly e-TDS/TCS statement by deductors/collectors IV. Person responcible for filling Form 24G in case of State Govt Departments/Central Govt Departments V. Deptt. of Eco. Affairs Notification dated 22.12.2003 VI. Board's Notification dated 24.11.2000 VII. Board's Notification dated 29.1.2001 VIII. Form No. 10 BA IX. Board Notification dated 9.7.2010 (Infrastructure Bond) 25 to 3....
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.... 10 per cent, of the amount by which the total income exceeds Rs.1,90,000/- Rs.5,00,000/-. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. Where the total income exceeds Rs.8,00,000/-. Rs.31,000/- plus 20 per cent of the amount by which the total income exceeds Rs.5,00,000/-. Rs.91,000/- plus 30 per cent of the amount by which the total income exceeds Rs.8,00,000/-. C. 2 Rates of tax for an individual, resident in India and of the age of sixty-five years or more at any during the financial year: 1. Where the total income does not exceed Rs.2,40,000/-. 2. 3. Nil time Where the total income exceeds Rs.2,40,000 but does not exceed Rs.5,00,000/-. Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.8,00,000/-. 10 per cent, of the amount by which the total income exceeds Rs.2,40,000/- Rs.26,000/- plus 20 per cent of the amount by which . the total income exceeds Rs.5,00,000/-. 4. Where the total income exceeds Rs.8,00,000/-. Rs.86,000/- plus 30 per cent of the amount by which the total income exceeds Rs.8,00,000/-. Surcharge on....
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....nder the head "salaries", including the value of perquisites for which tax has been paid by the employer himself. ILLUSTRATION: Suppose that the income chargeable under the head "salaries" of a male employee below sixty-five years of age for the year inclusive of all perquisites is Rs.4,50,000/-, out of which, Rs.50,000/- is on account of non-monetary perquisites and the employer opts to pay the tax on such perquisites as per the provisions discussed in para 3.2 above. STEPS: Income Chargeable under the head "Salaries" inclusive of all perquisites: Tax on Total Salaries(including Cess): Average Rate of Tax [(29,870/4,50,000) X 100]: Rs. 4,50,000 Rs. 29,870 6.63% ર 3 Tax payable on Rs.50,000/= (6.63% of 50,000): Amount required to be deposited each month: Rs. 3,315 Rs. 280(276) (3315/12) The tax so paid by the employer shall be deemed to be TDS made from the salary of the employee. Salary From More Than One Employer: 3.4 Sub-section (2) of section 192 deals with situations where an individual is working under more than one employer or has changed from one employer to another. It provides for deduction of tax a....
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....y head other than "Salaries" and of any tax deducted at source thereon. Form no. 12C, which was earlier prescribed for furnishing such particulars, has since been omitted from the Income Tax Rules by the IT (24th amendment) Rules, 2003, w.e.f. 01.10.2003. However, the particulars may now be furnished in a simple statement, which is properly verified by the taxpayer in the same manner as was required to be done in Form 12C. (ii) Such income should not be a loss under any such head other than the loss under the head "Income from House Property" for the same financial year. The person responsible for making payment (DDO) shall take such other income and tax deducted at source, if any, from such income and the loss, if any, under the head "Income from House Property" into account for the purpose of computing tax deductible under section 192 of the Income-tax Act. However, this sub- section shall not in any case have the effect of reducing the tax deductible (except where the loss under the head "Income from House Property" has been taken into account) from income under the head "Salaries" below the amount that would be so deductible if the other income ....
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....ions for availing higher deduction of interest of Rs.1,50,000/- in respect of a self-occupied residential house are that the amount of capital must have been borrowed on or after 01.4.1999 and the acquisition or construction of residential house must have been completed within three years from the end of the financial year in which capital was borrowed. There is no stipulation regarding the date of commencement of construction. Consequently, the construction of the residential house could have commenced before 01.4.1999 but, as long as its construction/acquisition is completed within three years, from the end of the financial year in which capital was borrowed the higher deduction would be available in respect of the capital borrowed after 1.4.1999. It may also be noted that there is no stipulation regarding the construction/ acquisition of the residential unit being entirely financed by capital borrowed on or after 01.4.1999. The loan taken prior to 01.4.1999 will carry deduction of interest up to Rs.30,000/- only. However, in any case the total amount of deduction of interest on borrowed capital will not exceed Rs.1,50,000/- in a year. Adjustment for....
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....ayable at the normal rates: (Circular No. 147 dated 28.10.1974.) Deposit of Tax Deducted: 4.4. Rule 30 of Income Tax Rules, 1962, as amended by S.O. 1261(E), Notification dated 31.05.2010, prescribes mode of payment of tax deducted to the account of Central Government as detailed below: 4.4.1. (a) The Tax deducted at source in accordance with the provisions of Chapter XVII-B of the Income tax Act, 1961 by an office of the Government shall be paid to the credit of the Central Government? (i) on the same day where the tax is paid without production of an income tax challan; and 5 (ii) on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub?section ( 1A) of section 192, where tax is paid accompanied by an income-tax challan. (b) The Tax deducted at source in accordance with the provisions of Chapter XVII-B of the Income tax Act, 1961 by deductors other than an office of the Government shall be paid to the credit of the Central Government? (i) on or before 30th day of April where the income or amount is credited or paid in the month of March; and (ii) in any other case, on or befo....
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....hin the time specified above into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank; (ii) In case of a company and a person (other than a company), to whom provisions of section 44AB are applicable, the amount deducted shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income tax challan. For the purpose of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or to the State Bank of India or to any authorised bank, if the amount is remitted by way of: (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) debit card. Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted: 4.5 If a person fails to deduct the whole or any part of the tax at source, or, after deducting, fails to pay the whole or any part of the tax to the credit of the Central Government within the prescribed time, he shall be liable to action in accordance with the provisions of section 201. Sub-s....
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....on of challan in case of an office of the Government; (ii) challan identification number or numbers in case of payment through bank. (d) receipt numbers of all the relevant quarterly statements in case the statement referred to in clause (i) is for tax deducted at source from income chargeable under the head "Salaries". The receipt number of the quarterly statement is of 8 digit. It may be noted that under the new TDS procedure, the accuracy and availability of TAN, PAN and receipt number of TDS statement filed by the deductor will be unique identifier for granting online credit for TDS. Hence due care should be taken in filling these particulars. It is, however, clarified that there is no obligation to issue the TDS certificate in case tax at source is not deductible/ deducted by virtue of claims of exemptions and deductions. 4.6.2. If an assessee is employed by more than one employer during the year, each of the employers shall issue Part A of the certificate in Form No. 16 pertaining to the period for which such assessee was employed with each of the employers and Part B may be issued by each of the employers or the last employer at the opt....
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....cast on the employer under Section 192(2C) for furnishing a statement showing the value of perquisites provided to the employee is a serious responsibility of the employer, which is expected to be discharged in accordance with law and rules of valuation framed there under. Any false information, fabricated documentation or suppression of requisite information will entail consequences thereof provided under the law. The certificates in Forms 16 specified above shall be furnished to the employee by 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted. If he fails to issue these certificates to the person concerned, as required by section 203, he will be liable to pay, by way of penalty, under section 272A, a sum which shall be Rs. 100/- for every day during which the failure continues. Mandatory Quoting of PAN and TAN: 4.7.1 According to the provisions of section 203A of the Income-tax Act, it is obligatory for all persons responsible for deducting tax at source to obtain and quote the Tax-deduction Account No. (TAN) in the challans, TDS-certificates, statements and other document....
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..../s 192 is below taxable limit. b) Where the income of the employee computed for TDS u/s 192 is above taxable limit. In first situation, as the tax is not liable to be deducted no tax will be deducted. In the second case, if PAN is not furnished by the employee, the deductor will calculate the average rate of income-tax based on rates in force as provided in sec 192. If the tax so calculated is below 20%, deduction of tax will be made at the rate of 20% and in case the average rate exceeds 20%, tax is to deducted at the average rate. Education cess@ 2% and Secondary and Higher Education Cess@ 1% is not to be deducted, in case the TDS is deducted at 20% u/s 206AA of the Income- tax Act. Quarterly Statement of TDS: 4.9. Statement of deduction of tax under subsection (3) of section 200. 4.9.1. The person deducting the tax (employer in case of salary income), is required to file Quarterly Statements of TDS in Form 24Q for the periods ending on 30th June, 30th September, 31st December and 31st March of each financial year, duly verified, to the Director General of Income Tax (Systems) or M/s National Securities Depository Ltd (NSDL). These statement....
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.... the tax paid to the Central Government including book identification number or challan identification number, as the case may be. 4.10. A return filed on the prescribed computer readable media shall be deemed to be a return for the purposes of section 200(3) and the Rules made there under, and shall be admissible in any proceeding there under, without further proof of production of the original, as evidence of any contents of the original. TDS on Income from Pension: 4.11. In the case of pensioners who receive their pension from a nationalized bank, the instructions contained in this circular shall apply in the same manner as they apply to salary-income. The deductions from the amount of pension under section 80C on account of contribution to Life Insurance, Provident Fund, NSC etc., if the pensioner furnishes the relevant details to the banks, may be allowed. Necessary instructions in this regard were issued by the Reserve Bank of India to the State Bank of India and other nationalized Banks vide RBI's Pension Circular(Central Series) No.7/C.D.R./ 1992 (Ref. CO: DGBA: GA (NBS) No.60/GA.64(11CVL)-/92) dated the 27th April, 1992, and, these instr....
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.... if not charged to income-tax for any earlier previous year. (2) For the removal of doubts, it is clarified that where any salary paid in advance is included in the total income of any person for any previous year it shall not be included again in the total income of the person when the salary becomes due. Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "Salary". Definition of Salary: (3)) "Salary" includes wages, fees, commissions, perquisites, profits in lieu of, or, in addition to salary, advance of salary, annuity or pension, gratuity, payments in respect of encashment of leave etc. It also includes the annual accretion to the employee's account in a recognized provident fund to the extent it is chargeable to tax under rule 6 of Part A of the Fourth Schedule of the Income-tax Act. Contributions made by the employer to the account of the employee in a recognized provident fund in excess of 12% of the salary of the employee, along with interest applicable, shall be included in the income of the assessee for the previous year. Any contri....
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.... be constituted as perquisites in the hand of employees. Explanation.-For the purposes of this sub-clause,- 10 (a) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and, where employees' stock option has been granted under any plan or scheme therefore, includes the securities offered under such plan or scheme; (b) "sweat equity shares" means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called; (c) the value of any specified security or sweat equity shares shall be the fair market value of the specified security or sweat equity shares, as the case may be, on the date on which the option is exercised by the assessee as reduced by the amount actually paid by, or recovered from the assessee in respect of such security or shares; (d) "fair market value" means the value determined in accordance with the method as may be prescribed; (e) "option" means a....
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....use, a caravan, mobile home, ship etc. However, the value of any accommodation provided to an employee working at a mining site or an on-shore oil exploration site or a project execution site or a dam site or a power generation site or an off- shore site will not be treated as a perquisite. However, such accommodation should either be located in a "remote area" or where it is not located in a "remote area", the accommodation should be of a temporary nature having plinth area of not more than 800 square feet and should not be located within 8 kilometers of the local limits of any municipality or cantonment board. A project execution site for the purposes of this sub-rule means a site of project up to the stage of its commissioning. A "remote area" means an area located at least 40 kilometers away from a town having a population not exceeding 20,000 as per the latest published all-India census. If an accommodation is provided by an employer in a hotel the value of the benefit in such a case shall be 24% of the annual salary or the actual charges paid or payable to such hotel, whichever is lower, for the period during which such accommodation is provid....
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....erquisite on account of free or concessional education shall be valued in a manner assuming that such expenses are borne by the employee, and would cover cases where an employer is running, maintaining or directly or indirectly financing the educational institution. Any amount paid by the employee for such facilities or services shall be reduced from the above amount. However, where such educational institution itself is maintained and owned by the employer or where such free educational facilities are provided in any institution by reason of his being in employment of that employer, the value of the perquisite to the employee shall be determined with reference to the cost of such education in a similar institution in or near the locality if the cost of such education or such benefit per child exceeds Rs.1000/- p.m. - V. Interest free or concessional loans It is common practice, particularly in financial institutions, to provide interest free or concessional loans to employees or any member of his household. The value of perquisite arising from such loans would be the excess of interest payable at prescribed interest rate over interest, if any, actu....
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....ries and printers. They do not include household appliance (i.e. white goods) like washing machines, microwave ovens, mixers, hot plates, ovens etc. Similarly, in case of cars, the value of perquisite shall be worked out by reducing 20% of its actual cost by the reducing balance method for each completed year of use. 12 VIII. Medical Reimbursement by the employer exceeding Rs. 15,000/- p.a. u/s. 17(2)(v) is to be taken as perquisites. It is further clarified that the rule position regarding valuation of perquisites are given at Section 17(2) of Income Tax Act, 1961 and at Rule 3 of Income Tax Rules, 1962. The deductors may look into the above provisions carefully before they determine the perquisite value for deduction purposes. It is pertinent to mention that benefits specifically exempt u/s 10(13A), 10(5), 10(14), 17 etc. would continue to be exempt. These include benefits like travel on tour and transfer, leave travel, daily allowance to meet tour expenses as prescribed, medical facilities subject to conditions. 5.2 Incomes not included in the Head "Salaries" (Exemptions) Any income falling within any of the following clauses shall no....
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....civil posts/posts connected with defence, under the Union, or civil posts under a State, or to the members of the All India. Services/Defence Services, or, to the employees of a local authority or a corporation established by a Central, State or Provincial Act, is exempt under sub-clause (i) of clause (10A) of Section 10. As regards payments in commutation of pension received under any scheme of any other employer, exemption will be governed by the provisions of sub-clause (ii) of clause (10A) of section 10. Also, any payment in commutation of pension received from a Regimental Fund or Non- Public Fund established by the Armed Forces of the Union referred to in Section 10(23AAB) is exempt under sub-clause (iii) of clause (10A) of Section 10. (4) Any payment received by an employee of the Central Government or a State Government, as cash-equivalent of the leave salary in respect of the period of earned leave at his credit at the time of his retirement, whether on superannuation or otherwise, is exempt under sub-clause (i) of clause 10AA) of Section 10. In the case of other employees, this exemption will be determined with reference to the leave to th....
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....er VRS has been extended to employees of the Central Government and State Government and employees of notified institutions having importance throughout India or any State or States. It may also be noted that where this exemption has been allowed to any employee for any assessment year, it shall not be allowed to him for any other assessment year. (7) Any sum received under a Life Insurance Policy, including the sum allocated by way of bonus on such policy other than: i) any sum received under sub-section (3) of section 80DD or sub-section (3) of section 80DDA or, ii) any sum received under Keyman insurance policy or, iii) any sum received under an insurance policy issued on or after 1.4.2003 in respect of which the premium payable for any of the years during the term of the policy exceeds 20 percent of the actual capital sum assured. However, any sum received under such policy on the death of a person would still be exempt. (8) any payment from a Provident Fund to which the Provident Funds Act, 1925 (19 of 1925), applies or from any other provident fund set up by the Central Government and notified by it in this behalf in the O....
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...., in the regular assessment of the employee, the Assessing Officer : i 14 will be free to make such enquiry as he deems fit for the purpose of satisfying himself that the employee has incurred actual expenditure on payment of rent. (10) Clause (14) of section 10 provides for exemption of the following allowances :- (i) Any special allowance or benefit granted to an employee to meet the expenses incurred in the performance of his duties as prescribed under Rule 2BB subject to the extent to which such expenses are actually incurred for that purpose. (ii) Any allowance granted to an employee either to meet his personal expenses at the place of his posting or at the place he ordinarily resides or to compensate him for the increased cost of living, which may be prescribed and to the extent as may be prescribed. However, the allowance referred to in (ii) above should not be in the nature of a personal allowance granted to the assessee to remunerate or compensate him for performing duties of a special nature relating to his office or employment unless such allowance is related to his place of posting or residence. The CBDT has prescribed gui....
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....al maintained by the Government or any local authority or any other hospital approved by the Government for the purposes of medical treatment of its employees; (ii) in respect of the prescribed diseases or ailments as provided in Rule 3A(2) of I.T. Rules 1962, in any hospital approved by the Chief Commissioner having regard to the prescribed guidelines as provided in Rule 3(A)(1) of I.T. Rule, 1962: (c) premium paid by the employer in respect of medical insurance taken for his employees (under any scheme approved by the Central Government or Insurance Regulatory and Development Authority) or reimbursement of insurance premium to the employees who take medical insurance for themselves or for their family members (under any scheme approved by the Central Government or Insurance Regulatory and Development Authority); (d) reimbursement, by the employer, of the amount spent by an employee in obtaining medical treatment for himself or any member of his family from any doctor, not exceeding in the aggregate Rs.15,000/- in an year. (e) As regards medical treatment abroad, the actual expenditure on stay and treatment abroad of the employee or any member o....
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.... child of the individual. (2) Any payment made to effect or to keep in force a contract for a deferred annuity, not being an annuity plan as is referred to in item (7) herein below on the life of the individual, the spouse or any child of the individual, provided that such contract does not contain a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; (3) Any sum deducted from the salary payable by, or, on behalf of the Government to any individual, being a sum deducted in accordance with the conditions of his service for the purpose of securing to him a deferred annuity or making provision for his spouse or children, in so far as the sum deducted does not exceed 1/5th of the salary; (4) Any contribution made : (a) by an individual to any Provident Fund to which the Provident Fund Act, 1925 applies; (b) to any provident fund set up by the Central Government, and notified by it in this behalf in the Official Gazette, where such contribution is to an account standing in the name of an individual, or spouse or children; [The Central Government has since notified Public Provident Fun....
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....n S.O. No. 1563(E) dated 3.11.2005] The investments made after 1.4.2006 in plans formulated in accordance with Equity Linked Saving Scheme, 1992 or Equity Linked Saving Scheme, 1998 shall also qualify for deduction under section 80C. (9) Any contribution made by an individual to any pension fund set up by any Mutual Fund referred to in clause (23D) of section 10, or, by the Administrator or the specified company referred to in Unit Trust of India (Transfer of Undertaking & Repeal) Act, 2002, as the Central Government may, by notification in the Official Gazette, specify in this behalf; [The Central Government has since notified UTI-Retirement Benefit Pension Fund vide Notification S.O. No. 1564(E) dated 3.11.05.] (10) Any subscription made to any such deposit scheme of, or, any contribution made to any such pension fund set up by, the National Housing Bank, as the Central Government may, by notification in the Official Gazette, specify in this behalf; (11) Any subscription made to any such deposit scheme, as the Central Government may, by notification in the Official Gazette, specify for the purpose of being floated by (a) public sector com....
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....duction is allowable under the provisions of section 24 of the Income-tax Act will also not be included in payments towards the cost of purchase or construction of a house property. Where the house property in respect of which deduction has been allowed under these provisions is transferred by the tax-payer at any time before the expiry of five years from the end of the financial year in which possession of such property is obtained by him or he receives back, by way of refund or otherwise, any sum specified in section 80C(2)(xviii), no deduction under these provisions shall be allowed in respect of such sums paid in such previous year in which the transfer is made and the aggregate amount of deductions of income so allowed in the earlier years shall be added to the total income of the assessee of such previous year and shall be liable to tax accordingly. (13) Tuition fees, whether at the time of admission or thereafter, paid to any university, college, school or other educational institution situated in India, for the purpose of full-time education of any two children of the employee. Full-time education includes any educational course offered by a....
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....er section 80CCC, where an assessee being an individual has in the previous year paid or deposited any amount out of his income chargeable to tax to effect or keep in force a contract for any annuity plan of Life Insurance Corporation of India or any other insurer for receiving pension from the Fund referred to in clause (23AAB) of section 10, he shall, in accordance with, and subject to the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount paid or deposited (excluding interest or bonus accrued or credited to the assessee's account, if any) as does not exceed the amount of one lakh rupees in the previous year. Where any amount paid or deposited by the assessee has been taken into account for the purposes of this section, a rebate/ deduction with reference to such amount shall not be allowed under section 88 up to assessment year 2005-06 and under section 80C from assessment year 2006-07 onwards . C. As per the provisions of section 80CCD, where an assessee, being an individual employed by the Central Government on or after the 1st day of January, 2004, has....
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....as notified by the Central Govt for the purpose of this section. (Board Notification no 48/2010 dated 09.09.2010) Deduction under this section can not exceed Rs 20,000 and are available only for current financial year 2010-11. The deduction under this section will be in addition to overall limit of deduction of upto Rs one lakh under section 80C, 80CCC and 80CCD. E. Section 80D provides for deduction available for health premia paid etc. In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted such sum, as specified below payment of which is made by any mode, other than cash, in the previous year out of his income chargeable to tax. (b) Where the assessee is an individual, the sum referred to shall be the aggregate of the following, namely:- (a) the whole of the amount paid to effect or to keep in force an insurance on the health of the assessee or his family or any contribution made to the CGHS as does not exceed in the aggregate fifteen thousand rupees; and the whole of the amount paid to effect or to keep in force an insurance on the health of the parent or parents of the asse....
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....lowed only if the following conditions are fulfilled:- A.(i) the scheme referred to in clause (b) above provides for payment of annuity or lump sum amount for the benefit of a dependant, being a person with disability, in the event of the death of the individual in whose name subscription to the scheme has been made; (ii) the assessee nominates either the dependant, being a person with disability, or any other person or a trust to receive the payment on his behalf, for the benefit of the dependant, being a person with disability. However, if the dependant, being a person with disability, predeceases the assessee, an amount equal to the amount paid or deposited under sub-para(b) above shall be deemed to be the income of the assessee of the previous year in 19 which such amount is received by the assessee and shall accordingly be chargeable to tax as the income of that previous year. B. The assessee, claiming a deduction under this section, shall furnish a copy of the certificate issued by the medical authority in the prescribed form and manner, along with the return of income under section 139, in respect of the assessment year for which ....
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.... , 1999 (44 of 1999); (f) "person with disability" means a person as referred to in clause (t) of section 2 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (1 of 1996) or clause (j) of section 2 of the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999); (g) "person with severe disability" means- (i) a person with eighty per cent or more of one or more disabilities, as referred to in sub-section (4) of section 56 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (1 of 1996); or (ii) a person with severe disability referred to in clause (o) of section 2 of the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999); (h) "specified company" means a company as referred to in clause (h) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal ) Act, 2002 (58 of 2002).] G. Under Section 80E of the Act a deduction will be allowed in res....
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....e salary income in respect of any donations made for charitable purposes. The tax relief on such donations as admissible under section 80G of the Act, will have to be claimed by the tax payer in the return of income. However in cases where employees make donations to the Prime Minister's National Relief Fund, the Chief Minister's Relief Fund or the Lieutenant Governor's Relief Fund through their respective employers, it is not possible for such funds to issue separate certificate to every such employee in respect of donations made to such funds as contributions made to these funds are in the form of a consolidated cheque. An employee who makes donations towards these funds is eligible to claim deduction under section 80G. It is, hereby, clarified that the claim in respect of such donations as indicated above will be admissible under section 80G on the basis of the certificate issued by the Drawing and Disbursing Officer (DDO)/Employer in this behalf - Circular No. 2/2005, dated 12-1-2005. I. Under Section 80GG of the Act an assessee is entitled to a deduction in respect of house rent paid by him for his own residence. Such deduction is permissible s....
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....any subsequent period unless a new certificate is obtained from the medical authority in the prescribed form and manner and a copy thereof is furnished along with the return of income. For the purposes of this section, the expressions "disability", "medical authority", "person with disability" and "person with severe disability" shall have the same meaning as given in section 80DD (sub-para E of para 5.4 of this Circular). DDOs to satisfy themselves of the genuineness of claim: The Drawing and Disbursing Officers should satisfy themselves about the actual deposits/subscriptions/payments made by the employees, by calling for such particulars/ information as they deem necessary before allowing the aforesaid deductions. In case the DDO is not satisfied about the genuineness of the employee's claim regarding any deposit/ subscription/payment made by the employee, he should not allow the same, and the employee would be free to claim the deduction/rebate on such amount by filing his return of income and furnishing the necessary proof etc., therewith, to the satisfaction of the Assessing Officer. 6. CALCULATION OF INCOME-TAX T....
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....tions may be brought to the notice of all Disbursing Officers and Undertakings including those under the control of the Central/State Governments. 22 7.4 Copies of this Circular are available with the Director of Income-tax(Research, Statistics & Publications and Public Relations), 6th Floor, Mayur Bhavan, Indira Chowk, New Delhi-110 001 and at the following websites: www.finmin.nic.in www.incometaxindia.gov.in Το 1. 2. 3. 4. All State Governments (including Administration of Union Territories) All Ministries/Departments of Government of India etc. President's Secretariat Vice-President's Secretariat 5. Prime Minister's Office 19 6. Lok Sabha Secretariat 7. Rajya Sabha Secretariat 8. Cabinet Secretariat 9. Secretary, U.P.S.C., Dholpur House, New Delhi (AJAY KUMAR) Director (Budget) Central Board of Direct Taxes 10. Secretary, Staff Selection Commission, Lodhi Complex, New Delhi 11. Supreme Court of India, New Delhi 12. Election Commission, New Delhi 13. Planning Commission, New Delhi 14. 15. 16. Secretariat of Governors/Lt. Governors of all States/Union Territorie....
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....58. 59. Manager, Reserve Bank of India, Public Debt Office, Ahmedabad/Bangalore/Bhubneshwar/Mumbai(Fort)/ Mumbai(Central)/Mumbai-8, Kolkatta/Hyderabad/Kanpur/ Jaipur/Chennai/Nagpur/New Delhi/Patna/Guwahati/ Trivandrum Asst. Chief Inspector, R.B.I. Inspection Department Regional audit Cell/Mumbai/Kolkatta/Chennai/New Delhi/ Kanpur Accountant General, Post & Telegraph, Simla Controller General of Defence Accounts, New Delhi 60. 61. Dir.of Audit, Defence Services, New Delhi 62. World Health Organisation, New Delhi 63. International Labour Office, India Branch, New Delhi 64. Secretary, Indian Red Cross Society, India, New Delhi 66. Secretary, Development Board, Ministry of Commerce & Industry, New Delhi 65. Atomic Energy Department, Mumbai 67. National Savings Organisation, Nagpur 68. Deputy Accountant General, Post & Telegraph, Kolkatta 69. 70. The Legal Adviser, Export - Import Bank of India, Post Box No. 19969, Nariman Point, Mumbai-400021 The Deputy Finance Manager(Headquarters), Indian Airlines(H) - Airlines House, 11, Gurudwara Rakabganj Road, New Delhi-110001 71. Manager, State Bank of Indi....
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.... 96. University Grants Commission, Bahadur Shah Jafar Marg, New Delhi 97. The Deputy Director(Admn.), NSSO (FOD), Mahalonobis Bhavan, 6th Floor, 164, G.L.Tagore Road, Kolkata-700108. अà¤à¥à¤¯à¤¾ कम (AJAY KUMAR) Director (Budget) Central Board of Direct Taxes 25 EXAMPLE - 1 ANNEXURE-I For Assessment Year 2011-2012 Calculation of Income tax in the case of a male employee having gross salary income of: i) Rs.1,50,000/-. ii) Rs.2,00,000/-. iii) Rs.5,00,000/- iv) Rs.10,00,000/- and v) Rs.20,00,000/- Particulars (Rupees) (Rupees) (Rupees) Gross Salary Income (Including allowances) Contribution to G.P.F. (i) 1,50,000/- 10,000/- (ii) 2,00,000/- 45,000/- (iii) 5,00,000/- 50,000/- (Rupees) (iv) 10,00,000 (Rupees) (v) 20,00,000 1,00,000/- 1,00,000/- Computation of Total Income and tax payable thereon Particulars (Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (i) (ii) (iii) (iv) Gross Salary 1,50,000 2,00,000 5,00,000 10,00,000 (v) 20,00,000 Less: Deduction U/s 80C 10,000 45,000 50,000 1,....
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.... Add: Perquisite in respect of reimbursement of Medical Expenses in excess of Rs.15,000/- in view of Sec. 17(2)(v) Taxable Income Less: Deduction u/s 80C: GPF LIC Repayment of HBA Tuition Fees 20,000/- 20,000/- 25,000/- 60,000/- Investment in Unit-Linked Insurance Plan 20,000/- Total Restricted to Rs. 1,00,000/- Total Income: Tax Payable 1,45,000/- Add: Education Cess @ 2%: Secondary and Higher Education Cess @1% Total Income Tax Payable Round off to Rs.3,00,000/- Rs. 15,000/- Rs.3,15,000/- Rs.1,00,000/- Rs. 2,15,000/- Rs. 5,500/- Rs. 110/- Rs. 55/- Rs. 5,665/- Rs. 5,670/- 28 EXAMPLE - 4 For Assessment Year 2010-2011 Illustrative calculation of House Rent Allowance U/s 10 (13A) in respect of residential accommodation situated in Delhi in case of a female employee (With valid PAN furnished to employer). Particulars: 1. Salary 2. Dearness Allowance 3. House Rent Allowance General Provident Fund 4. House rent paid 5. 6. Life Insurance Premium 7. Subscription to Unit-Linked insurance Plan Computation of total income and tax payable ....
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....rq. for hotel Lower of (24% of salary of 2 mths=33,600), and (actual payment=1,00,000) (c) Perq for furniture (Rs.2,00,000) @ 10% of cost Rs. 1,05,000/- 33,600/- Rs. Rs. 20,000/- Rs. 1,58,600/- Less: Rent recovered from employee Rs. 60,000/- Rs. 98,600/- (d) Add perq. for free gas, elec. water Rs. 40,000/- Total perquisites: Rs. 1,38,600/- Gross Total Income (8,40,000+1,38,600) Rs. 9,78,600/- Less: Deduction U/s 80C: Provident Fund (80C) 42,000/- LIC (80C) 10,000/- Subscription to Unit Linked Insurance Plan 50,000/- Investment in Infrastructure Bond (80CCF) 20,000/- Total 1,22,000/- Restricted to Rs. 1,00,000 u/s 80C and Rs. 20,000 u/s 80 CCF Total income Tax Payable Add: Surcharge: Education Cess @ 2% Secondary and Higher Education Cess @ 1% Total Tax Payable Rounded off to Rs.1,20,000/- Rs.8,58,600/- Rs.1,11,400/- Rs 22,28/- Nil Rs. 11,14/- Rs. 1,14,742/- Rs. 1,14,740/- 30 EXAMPLE -6 For Assessment Year 2011-2012 Illustrating Valuation of perquisite and calculation of tax in the case of a female employee of a Private Company posted at ....
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....) 1. Accommodation 2 Cars/Other automotive 3 Sweeper, gardener, watchman or personal attendant 4 Gas, electricity, water 5 Interest free or concessional loans 6 Holiday expenses 7 Free or concessional travel 00 8 0 Free meals Free Education 10 Gifts, vouchers etc. 11 Credit card expenses 12 Club expenses 13 Use of movable assets by employees 14 Transfer of assets to employees 15 Value of any other benefit/amenity/ service/privilege 16 Stock options (non-qualified options) 17 Other benefits or amenities 18 Total value of perquisites 19 Total value of Profits in lieu of salary as per 17(3) Amount of taxable perquisite chargeable to tax Col(3) - Col(4) (Rs.) (5) f 32 9. Details of tax, - (a) Tax deducted from salary of the employee u/s 192(1) (b) Tax paid by employer on behalf of the employee u/s 192(1A) (c) Total tax paid (d) Date of payment into Government treasury 03. DECLARATION BY EMPLOYER +1 s/o (designation) do hereby declare on behalf of. working as (name of the employer) that the information given above is based on the books of acc....
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....TAN change request application to update the ITD TAN database or a copy of the acknowledgment of TAN change request already submitted. Each branch or Drawing and Disbursement Officer (DDO) of a deductor/collector furnishing separate quarterly e-TDS/TCS statement should furnish the quarterly e-TDS/TCS statement quoting separate TAN issued to each branch/DDO respectively. Quarterly e-TDS/TCS statement pertains to the period for which they are allowed to furnish. The quarterly e-TDS/TCS statement has been successfully validated through the latest version of the FVU. Control totals, TAN and name mentioned in the quarterly e-TDS/TCS statement match with those mentioned on Form 27A. 1.1.14 Computer media is virus free. Acceptance of Quarterly e-TDS/TCS Statements by e-TDS Intermediary (NSDL and TIN-FC branches) 2.1 ACCEPTANCE OF QUARTERLY E-TDS/TCS STATEMENT BY TIN-FC: After deductor/collector furnishes the quarterly e-TDS/TCS statement to TIN-FC in the manner prescribed, TIN-FC will carry out format level validations and other checks to validate the quarterly e-TDS/TCS statement. 2.1.1 2.1.1.1 Acceptance In case quarterly e-TDS/TCS s....
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....ot have a TAN; 2.1.2.10 name/address of deductor/collector displayed on TAN Master database does not match with name/ address stated on Form 27A and deductor/collector does not provide TAN change request; 2.1.2.11 mismatch of control totals as per with Form 27A and as per e-file; 2.1.2.12 the quarterly statement has not been successfully passed through the latest version of FVU; 2.1.2.13 Quarterly e-TDS/TCS statements do not pertain to the period for which deductors/collectors are allowed to submit their statements. 2.1.2.14 Computer media is not virus free. In such cases, TIN-FC shall issue a pre-printed Non - Acceptance Memo citing reasons for non acceptance to the deductor/ collector to carry out necessary corrections. In case of non-acceptance, TIN-FC shall return the computer media as well as any other documents furnished and physical Form 27A to the deductor/collector. No fee will be charged for the e-TDS/e-TCS statement that is not accepted. *************** 35 ANNEXURE IV “Person Responsible for filing Form No. 24G in case of State Govt. Departments" AG (States) PAO/DTO F E A CDDO CDDO Sub Tr....
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....e pension investment, and would attract no special tax treatment. (iii) Individuals can normally exit at or after age 60 years for tier-1 of the pension system. At the exit the individual would be mandatorily required to invest 40 percent of pension wealth to purchase an annuity (from an IRDA- regulated life insurance company). In case of Government employees the annuity should provide for pension for the lifetime of the employee and his dependent parents and his spouse at the time of retirment. The individual would received a lump- sum of the remaining pension wealth, which he would be free to utilize in any manner. Individuals would have the flexibility to leave the pension system prior to age 60. However, in this case, the mandatory annuitisation would be 80% of the pension wealth. Architecture of the new Pension System (iv) It will have a central record keeping and accounting (CRA) infrastructure, several pension fund managers (PFMs) to offer three categories of schemes viz. option A, B and C. (v) The participating entities (PFMs and CRA) would give out easily understood information about past performance, so that the ....
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.... Delhi, the 29th January, 2001 S.O.81(E)- In exercise of the powers conferred by sub-clause (i) of clause (18) of Section 10 of the Income-tax Act, 1961 (43 of 1961)), the Central Government, hereby specifies the gallanty awards for the purposes of the said Section and for that purpose makes the following amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) number S.O.1048(E), dated the 24th November 2000, namely:- In the said notification, in the Table, against serial numbers 1,2 and 3 under cloumn (3) relating to "Circumstances for eligibility" the words "to civilians" shall be omitted. (Notification No.22/F.No.142/29/99-TPL) T.K. SHAH Director I/We...... 40 40 FORM NO. 10BA (See rule 11B) DECLARATION TO BE FILED BY THE ASSESSEE CLAIMING DEDUCTION U/S 80 GG ANNEXURE-VIII (Name of the assessee with permanent account number) .I/We had occupied the premise.. do hereby certify that during the previous Year......... address of the premise) for the purpose of my/our own residence for a period of..... have paid Rs. Shri/Ms/M/s.........
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....othecation for obtaining loans from Scheduled Commercial Banks, after the said lock-in period; (e) Permanent Account Number (PAN) to be furnished there PAN to the issuer; - It shall be mandatory for the subscribers to furnish (f) Yield of the bond - The yield of the bond shall not exceed the yield on government securities of corresponding residual maturity, as reported by the Fixed Income Money Market and Derivatives Association of India (FIMMDA), as on the last working day of the month immediately preceding the month of the issue of the bond; (g) End-use of proceeds and reporting or monitoring mechanism – - (i) The proceeds shall be utilizes towards infrastructure lending' as defined by the Reserve Bank of India in the Guidelines issued by it; : (ii) the end-use shall be duly reported in the Annual Reports and other reports submitted by the issuer to the Regulatory Authority concerned, and specifically certified by the Statutory Auditor of the issuer; (iii) The issuer shall also file these along with term sheets to the Infrastructure Division, Department of Economic Affairs, and Ministry of Finance within three months from ....
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....nd of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192, where tax is paid accompanied by an income-tax challan. (2) All sums deducted in accordance with the provisions of Chapter XVII-B by deductors other than an office of the Government shall be paid to the credit of the Central Government - (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and (b) in any other case, on or before seven days from the end of the month in which- the deduction is made; or (i) (ii) income-tax is due under sub-section (1A) of section 192. (3) Notwithstanding anything contained in sub-rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly 44 payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:- Table Sl. No. Quarter of the Financial Year ended on (1) (2) 1. 30th June 2. 3....
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.... of India or of the State Bank of India or of any authorised bank; or (a) (b) debit card. (8) Where tax is deducted before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax ( Amendment) Rules, 2010. Certificate of tax deducted at source to be furnished under section 203. 31. (1) The certificate of deduction of tax at source by any person in accordance with Chapter XVII-B or the certificate of payment of tax by the employer on behalf of the employee under sub-section (1A) of section 192 shall be in- (a) Form No. 16, if the deduction or payment of tax is under section 192; and (b) Form No. 16A if the deduction is under any other provision of Chapter XVII-B. (2) The certificate referred to in sub-rule (1) shall specify:- (a) valid permanent account number (PAN) of the deductee; (b) valid tax deduction and collection account number (TAN) of the deductor; (c) (i) book identification number or numbers where deposit of tax deducted is without production of challan in case of an office of the Government; (ii) challan identification number or nu....
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....l be furnished in the Form in accordance with the provisions of the rules as they stood immediately before their substitution by the Income-tax ( Amendment) Rules, 2010. Explanation. For the purpose of this rule and rule 37D, challan identification number means the number comprising the Basic Statistical Returns (BSR) Code of the Bank branch where the tax has been deposited, the date on which the tax has been deposited and challan serial number given by the bank. Statement of deduction of tax under sub-section (3) of section 200. 31A. (1) Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:- (2) (a) (b) Statement of deduction of tax under section 192 in Form No. 24Q; Statement of deduction of tax under sections 193 to 196D in- (i) (ii) Form No. 27Q in respect of the deductee who is a non-resident not being a company or ....
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....llan identification number, as the case may be. (5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing of the statements and shall be 48 responsible for the day to day administration in relation to furnishing of the statements in the manner so specified. (6) Where a statement of tax deducted at source is to be furnished for tax deducted before the 1st day of April, 2010, the provisions of this rule and rule 37A shall apply as they stood immediately before their substitution or omission by the Income-tax Amendment) Rules, 2010. ( Statement of collection of tax under proviso to sub-section (3) of section 206C. 31AA. (1) Every collector, shall, in accordance with the provisions of the proviso to sub- section (3) of section 206C, deliver, or cause to be delivered, to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), a quarterly statement in Form No. 27EQ. (2) Statements referred to in sub-rule (1) for the quarter of the financial year ending with the date specified in column (2) of the ....
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.... in relation to furnishing of the statements in the manner so specified. (6) Where a statement of tax collected at source is to be furnished for tax collected before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax ( Amendment) Rules, 2010."; (b) rule 37A shall be omitted; (c) for rules 37CA and 37D, the following rules shall be substituted, namely:- "Time and mode of payment to Government account of tax collected at source under section 206C. 37CA. (1) All sums collected in accordance with the provisions of sub-section (1) or sub-section (1C) of section 206C by an office of the Government shall be paid to the credit of the Central Government - (a) on the same day where the tax is so paid without production of an income-tax challan; and (b) on or before seven days from the end of the month in which the collection is made, where tax is paid accompanied by an income-tax challan. (2) All sums collected in accordance with the provisions of sub-section (1) or sub-section (1C) of section 206C by collectors other than an office of the Government....
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....rve Bank of India or of the State Bank of India or of any authorised bank; or debit card. (7) Where tax is collected before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax ( Amendment) Rules, 2010. Certificate of tax collected at source under section 206C(5). 37D. (1) The certificate of collection of tax at source under sub-section (5) of section 206C to be furnished by the collector shall be in Form 27D. 51 (2) The certificate referred to in sub-rule (1) shall specify:- (a) (b) (c) (d) valid permanent account number (PAN) of the collectee; valid tax deduction and collection account number (TAN) of the collector; (i) book identification number or numbers where deposit of tax collected is without production of challan in case of an office of the Government; (ii) challan identification number or numbers in case of payment through bank; receipt number of the relevant quarterly statement of tax collected at source which is furnished in accordance with the provisions of rule 31AA. (3) The certificate in the Form No. 27D referre....
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....me (6+7) 9 Deductions under Chapter VIA (A) sections 80C, 80CCC and 80CCD (a) section 80C (i) (ii) (iii) (iv) (v) (vi) (vii) (b) section 80CCC (c) Section 80CCD Rs. Rs Rs. Rs. Rs Rs Note: 1. Aggregate amount deductible under section 80C shall not exceed one lakh rupees. 2. Aggregate amount deductible under the three sections, i.e., 80C, 80CCC and 80CCD shall not exceed one lakh rupees. (B) Other sections (e.g. 80E, 80G etc.) under Chapter VI-A. Rs Rs Gross Amount Rs Rs Rs 2 2 2 2 Rs Deductible amount Rs. Rs. Rs. Rs. Gross amount Qualifying Deductible amount amount (i) section.... Rs. Rs. Rs. (ii) section. Rs. Rs. Rs. (iii) section...... Rs. Rs. Rs. (iv) section.... Rs. Rs. Rs. (v) section...... Rs. Rs. Rs. 54 10 Aggregate of deductible amount under Chapter VIA Rs Education cess @ 3% (on tax computed at S. No. 12) 11 Total Income (8-10) 12 Tax on total income 13 14 15 16 Tax payable (14-15) Tax Payable (12+13) Less: Relief under ....
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.... Tax Deposited in Challan identification number (CIN) respect of the employee (Rs.) BSR Code of the Bank Date on which tax Branch deposited (dd/mm/yyyy) Challan Serial Number Total Note: 1. In the column for TDS, give total amount for TDS, Surcharge (if applicable) and education cess. 57 FORM NO.16A [See rule 31(1)(b)| Certificate under section 203 of the Income-tax Act, 1961 for Tax deducted at source Name and address of the Deductor Name and address of the Deductee PAN of the Deductor CIT(TDS) TAN of the Deductor PAN of the Deductee Assessment Year Period From Το Address.. City.. ..Pin code... Amount paid/credited Summary of payment Nature of payment Summary of tax deducted at source in respect of deductee Quarter Receipt Numbers of original quarterly statements of TDS under sub-section (3) of section 200 Amount of tax deducted in respect of the deductee Date of payment/credit Amount of tax deposited/remitted in respect of the deductee I. DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH CHALLAN (The....
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.... Address. City.. CIT(TDS) PAN of the Collectee Assessment Year Period From To .Pin code..... Amount received/debited Summary of receipt Nature of receipt Date of receipt/debit Summary of tax collected at source Quarter Receipt Number of original quarterly statements of TCS under proviso to sub-section (3) of section 206C Amount of tax collected in respect of the collectee Amount of tax deposited/remitted in respect of the collectee I. DETAILS OF TAX COLLECTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH BOOK ENTRY (The Collector to provide payment wise details of tax collected and deposited with respect to the collectee) S. No. Tax Deposited Book identification number (BIN) in respect of the collectee (Rs.) BAMS Number given by PAO/CDDO/TO DDO Sequence Number in the Book Adjustment Mini Statement Date on which tax deposited (dd/mm/yyyy) Total II. DETAILS OF TAX COLLECTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH CHALLAN (The Collector to provide payment wise details of tax collected and deposited with respect to the coll....
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....Has the statement been filed earier for this Month (Yes/No) If answer to above is "Yes", then Provisional receipt no of original statement 4 Category of Deductor for whom statement is being submitted*: Central/State Government State Name 5 DDO wise details of transfer Vouchers 5a DDO wise details of TDS-Salary (240) PAO registration Number (provided by Central Record Keeping Agency) Address 2 Address 4 State* Email id * Address 2 Address 4 State* Email id * Mobile no. of the responsible person Ministry Sub Ministry S.No. DDO registration no (provided by Central Record Keeping Agency) DDO code TAN of DDO* Name of DDO* Address 1* Address 2 151 152 153 154 155 156 157 Total Tax Deducted/Collected (Sum of Total TDS/TCS remitted to BaS TAX,SUR,EDU_ Government account Address 3 Address 4 City State* PIN Code* Email id CESS)* 159 160 162] 158 161 163 (AG/Pr CCA)* 164 165 61 5b Total TDS/TCS amount transferred for TDS-Non-Salary (26Q TAN of Name of S.No.*DDO registration no (provided by Central Record Keeping Agency) DDO code 166 ....
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....y 1 Civil 2 Railway 3 Defence 4 Telecommunication 5 Post 6 Details of Sub Ministry(in case of Civil Ministry) Sr. No. Sub Ministry name 1 Agriculture 2 Atomic Energy 3 Fertilizers 4 Chemicals and Petrochemicals 5 Civil Aviation and Tourism 6 Coal 7 Consumer Affairs, Food and Public Distributior 8 Commerce and Textiles 9 Environment and Forests and Ministry of Earth Science 10 External Affairs and Overseas Indian Affairs 11 Finance 12 Central Board of Direct Taxes 13 Central Board of Excise and Customs 14 Contoller of Aid Accounts and Audit 15 Central Pension Accounting Office 16 Food Processing Industries 17 Health and Family Welfare 18 Home Affairs and Development of North Eastern Region 19 Human Resource Development 20 Industry 21 Information and Broadcasting 22 Telecommunication and Information Technology 23 Labour 24 Law and Justice and Company Affairs 25 Personnel, Public Grievances and Pensions 26 Petroleum and Natural Gas 27 Plannning, Statistics and Programme Implementation 28 Power Sr. No. Sub Ministry name 29 New and Renewable Energy 30 Rural Development and P....