Friends,
Please help me to find out how to calculate income tax. Here, I am posting my salary details. Please assist me.
Basic: 7000
HRA: 3500
Conveyance: 800
Special Allowance: 4100
Support Allowance: 1667
Medical: 1250
PF: 840
Income Tax: 369
Professional Tax: 135
My CTC is 230000, with a net income of 16983 and a gross income of 18327.
Thank you for your help.
From India, Tiruchchirappalli
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Please help me to find out how to calculate income tax. Here, I am posting my salary details. Please assist me.
Basic: 7000
HRA: 3500
Conveyance: 800
Special Allowance: 4100
Support Allowance: 1667
Medical: 1250
PF: 840
Income Tax: 369
Professional Tax: 135
My CTC is 230000, with a net income of 16983 and a gross income of 18327.
Thank you for your help.
From India, Tiruchchirappalli
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Dear friend,
You have to provide some more information such as: How much rent you have paid? Is it a medical allowance or a reimbursement? Do you have any contribution towards insurance or anything that falls under Section 80C? And Rs 369, is it TDS?
From India, Calcutta
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You have to provide some more information such as: How much rent you have paid? Is it a medical allowance or a reimbursement? Do you have any contribution towards insurance or anything that falls under Section 80C? And Rs 369, is it TDS?
From India, Calcutta
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Dear Rankim,
Thank you for your reply, and the details are as follows:
Rent is 3000, and it is medical allowance, not reimbursement.
Insurance is paid 24000 per annum.
My salary slip shows that income tax is 369. I don't know whether it is TDS or what.
From India, Tiruchchirappalli
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Thank you for your reply, and the details are as follows:
Rent is 3000, and it is medical allowance, not reimbursement.
Insurance is paid 24000 per annum.
My salary slip shows that income tax is 369. I don't know whether it is TDS or what.
From India, Tiruchchirappalli
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Income tax details.zip
Income Tax Calculation 2009-10 - Salaries.xls