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Improved Quality of Mathematic GoalsStrategicTransformation Prevention & WellbeingTransformation through IntegrationINTEGRATED PERFORMANCE TRACKER 201516 This document provides a summary of the performance
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How to fill out pi return form 2015-16
How to fill out pi return form 2015-16
01
Step 1: Collect all necessary documents such as Form 16, salary slips, bank statements, and investment proofs.
02
Step 2: Start by entering your personal details like name, PAN number, and contact information.
03
Step 3: Fill in the income details from different sources such as salary, business profits, rental income, and others.
04
Step 4: Deduct the eligible deductions under various sections like 80C, 80D, and 80G from the total income.
05
Step 5: Declare any exempted income or income from other sources.
06
Step 6: Calculate the total taxable income after deducting the deductions and exemptions.
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Step 7: Compute the tax liability based on the applicable tax slabs and surcharges.
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Step 8: Pay any due taxes and mention the challan details in the form.
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Step 9: Mention the details of any tax deducted at source (TDS) and claim the credit for it.
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Step 10: Verify all the entries and sign the form. Attach all necessary supporting documents.
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Step 11: Submit the filled-out form to the income tax department either online or physically.
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Step 12: Keep a copy of the submitted form and acknowledgment receipt for future reference.
Who needs pi return form 2015-16?
01
Any individual or entity who earned income during the financial year 2015-16 needs to fill out the PI return form 2015-16.
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This includes salaried individuals, self-employed professionals, business owners, and individuals with any taxable income.
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