Prasenjit.mitra
Human Resource-professional
+1 Other

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Dear All,
Can any body tells a that salary breakup (Basic+HRA+Another Allowances) of Rs. 24,000/- in which we can get more exemptions or deductions from TAX and can nil the whole tax payable wiithout deduction of PF .

Dear Arti, Please refer the attached file. I believe it will answer all your queries. For any other clarification feel free to write or disucss.

Attached Files
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File Type: zip SALARY CALCULATOR & INCOME TAX.zip (45.7 KB, 501 views)

Dear Tapas, Inspite of writing you can use the appreciate option. It will avoid uncessary postings.
Hi! Arti,
Let us have Basic of Rs. 7000/-( for PF Exemption), HRA 40% of Basic Rs. 2800/- (Tax free subject to conditions),
Rs. 1300/- by Food Plus Card , Rs. 1250/- Medical Reimbursement, Rs. 800/- Conveyance exp (all 3 Tax Free). Rest is Special Allowance Rs. 10,850/-.
In this Taxable income would be Rs. 2,14,200/- which will attract NO TDS, if we avail 80C.

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