omastha constructions pvt ltd.
I am working in a private company and my salary structure per month is as follows:
Basic Salary: Rs.10000
House Rent Allowance : Rs.4000
Conveyance Allowance: Rs.2000
Medical Allowance : Rs.2000
Total: Rs.18000/- Per Month
How much amount shall be deducted from my salary towards TDS or IT please clarify

From India, Hyderabad
shilpagowwda
2

Hi,
Your annual CTC is 216000. As per income tax slabs 160000 is exempted from tax (assuming you as a male non senior citizen). Hence the taxable amount is 56000 (216000-160000=56000).
In which HRA is partially exwmpted from tax and local conveyance upto 9600 is exempted from tax.
Hence 56000-9600= 46400.
If you claim for HRA, you will not fall under taxable income at all.
Hope it cleared your doubts.
Thanks & Regards
Shilpa Gowda

From India, New Delhi
pon1965
604

You will not fall under tax net as rightly said by Shilpa. Your PF contribution will be considered under sec 80 C for tax exemption. Therefore, no tax will be payable. Enjoy. Pon
From India, Lucknow
gopalgupta100
Dear
your monthly salary Rs 18000x12=216000/- IT Reules Exempted Rs 160000/- for individuals
taxable amount rs 56000/- but if your basic salary is 10000/- hence your P F a/c is 14400/- which is exempted
Even of HRA also exempted from I T Rules . & also applicable P tax which is Rs 2500/- exempted from I T Tax even you also found exempted limitd of 100000/- lacs from 80 ccc & education rs 10 thousand , hence you are not under in TDS so relax & enjoy

From India, Delhi
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