2. HRA - 50% of basic in Metros or 40% of basic in Non metros - (actual rent paid minus 10% of your basic) is empted from tax.
3. Medical - upto 15000/- p.a. on production of bills is exempted.
4. Conveyance - Rs.9600/-p.a. is exempted from tax.
Conveyance, mobile are non taxable
Variable pay:Performance Incentive & retention bonus are taxable.
Thanks for your reply. I am providing you an example with details salary. Please reply the taxable amount.
2. HRA = 7600
B. Reimbursements ( Monthly)
C. Variable Pay
1. Performance Incentive(Yearly)=99760
2. Retention Bonus(Yearly)=30720