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The document includes tax-related information for Prakash Kumar Sahoo, detailing exemptions under section 10 and deductions under Chapter VI-A. It provides a breakdown of emoluments, perquisites, and total income for the financial year 2022-2023, along with the employer's declaration. The total gross emoluments amount to INR 4,903,453.73, with specific exemptions and perquisites listed.
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0% found this document useful (0 votes)
6 views3 pages

2f10k 2023-24 1

The document includes tax-related information for Prakash Kumar Sahoo, detailing exemptions under section 10 and deductions under Chapter VI-A. It provides a breakdown of emoluments, perquisites, and total income for the financial year 2022-2023, along with the employer's declaration. The total gross emoluments amount to INR 4,903,453.73, with specific exemptions and perquisites listed.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

00032778/AMOPS7154H Prakash Kumar Sahoo

Annexure to Form 16 Part B


2(f). Break up for 'Amount of any other exemption under section 10' to be filled in the table below

Particular's of Amount of any other exemption under section 10' INR

Other Exemptions Sec 10(14) 47412.00

10(k). Break up for 'Amount deductible under any other provision(s) of Chapter VI-A ' to be filled in the table below

Particular's of amount deductible under any other provision(s) of Chapter VI-A Gross Amount Qualifying Amount Deductible Amount

Place NOIDA (Signature of person responsible for deduction of tax)

Date 10.05.2022 Full Name: ASHOK KUMAR

Signature Not Verified


Digitally signed by ASHOK KUMAR
Date: 2023.06.09 11:30:21 +05:30
Reason: Digitally Signed
Location: Indian Oil Corporation Limited-
Noida
00032778/AMOPS7154H Prakash Kumar Sahoo
FORM No.12BA
{See Rule 26A(2)(b)}
Statement showing particulars of perquisities, other fringe
benefits or amenities and profits in lieu of salary with value thereof
INDIAN OIL CORPORATION LIMITED,7, INSTITUTIONAL AREA,LODHI ROAD, NEW
1. Name and address of employer : DELHI -,110003,Delhi
2. TAN : DELI00316B
The Commissioner of Income Tax,(TDS) Aaykar Bhawan,Laxmi Nagar, New Delhi,110092,
3. TDS Assessment Range of the employer : Delhi
4. Name, designation and Permanent Account Number or
Aadhaar Number of employee
: Prakash Kumar Sahoo,Dy. General Manager (LPG-,00032778,AMOPS7154H

5. Is the employee a director or a person with substantial interest


in the company(where the employer is a company) :
6. Income under the head “Salaries” of the employee
(other than from perquisites)
: 4725406.60

7. Financial year : 2022-2023


8. Valuation of Perquisites :

Amount of perquisite
Amount, if any, recovered
S. Value of perquisite as per chargeable to tax
Nature of perquisites (see rule 3) from the employee
No. (Rs.) Col. (3) - Col(4)
(Rs.)
(Rs.)
(1) (2) (3) (4) (5)
1. Accommodation 0.00 0.00 0.00
2. Cars/Other automotive 0.00 0.00 0.00
Sweeper, gardener, watchman or
3. 0.00 0.00 0.00
personal attendant
4. Gas, electricity, water 0.00 0.00 0.00
5. Interest free or concessional loans 49952.64 0.00 49952.64
6. Holiday expenses 0.00 0.00 0.00
7. Free or concessional travel 0.00 0.00 0.00
8. Free meals 0.00 0.00 0.00
9. Free education 0.00 0.00 0.00
10. Gifts, vouchers, etc. 0.00 0.00 0.00
11. Credit card expenses 0.00 0.00 0.00
12. Club expenses 0.00 0.00 0.00
13. Use of movable assets by employees 28182.49 0.00 28182.49
14. Transfer of assets to employees 0.00 0.00 0.00
15. Value of any other benefit/amenity/service/privilege 0.00 0.00 0.00
16. Stock options allotted or transferred by employer being
0.00 0.00 0.00
an eligible start-up referred to in section 80-IAC.
17. Stock options (non-qualified options) other than ESOP in
0.00 0.00 0.00
col 16 above.
18. Contribution by employer to fund and scheme taxable
under section 17(2)(vii). 0.00 0.00 0.00

19. Annual accretion by way of interest, dividend etc. to the


balance at the credit of fund and scheme referred to in 0.00 0.00 0.00
section 17(2)(vii) and taxable under section 17(2)(viia).

20. Other benefits or amenities 0.00 0.00 0.00


21. Total value of perquisites 78135.13 0.00 78135.13
22. Total value of profits in lieu of salary as per section 17(3) 0.00 0.00 0.00

Details of tax
(a) Tax deducted from salary of the employee under section 192(1) 1156897.00
(b) Tax paid by employer on behalf of the employee under section 192(1A) 0.00
(c) Total tax paid 1156897.00
(d) Date of payment into Government treasury

DECLARATION BY EMPLOYER
I, ASHOK KUMAR Son/daughter of SH SUSHIL KUMAR working as SENIOR FINANCE MANAGER (designation ) do hereby declare on behalf of
Signature Not Verified
INDIAN OIL CORPORATION LIMITED ( name of the employer ) that the information given above is based on the books of account , documents and
other relevant records or information available with us and the details of value of each such perquisite are in accordance with section 17 and rules
framed thereunder and that such information is true and correct. Digitally signed by ASHOK KUMAR
Date: 2023.06.09 11:30:21 +05:30
Reason:forDigitally
Signature of person responsible deductionSigned
of tax
Place : NOIDA Full Name:ASHOK KUMAR
Location: Indian Oil Corporation Limited-
Date : 10.05.2022
Noida
Designation:SENIOR FINANCE MANAGER
00032778/AMOPS7154H Prakash Kumar Sahoo

Annexure to Form No.16

Name: Prakash Kumar Sahoo Emp No.: 00032778

Particulars Amount(INR)

Emoluments paid

Basic Salary 2058090.00

Variable DA 692580.81

House Rent Allowance 370456.20

Bonus 1091020.00

Superannuation amount 275067.00

Other Allowances 61725.00

Other Reimbursement 47412.00

Arrears from previous yr/s -7380.00

Cafeteria Allowance 236347.59

Perquisites

Interest free or concessional loans 49952.64

Use of movable assets by employees 28182.49

Gross emoluments 4903453.73

Income from other sources

Income

Income from other sources 4528.00


Total income from other sources 4528.00

Exemptions u/s 10

Allowance

Other Exemptions Sec 10(14) 47412.00


Total Exemption 47412.00

Signature Not Verified


Digitally signed by ASHOK KUMAR
Date: 2023.06.09 11:30:21 +05:30
Reason: Digitally Signed
Date: 10.05.2022 Full Name: ASHOKLocation:
KUMAR Indian Oil Corporation Limited-
Place:NOIDA Noida
Designation: SENIOR FINANCE MANAGER

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