Nathrao
Insolvency N Gst Professional
Personal15
Service
Charz26
Engineer

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I have attached my Salary Slip. I'm studying it to know the taxable income details. I could not understand how other allowance taxable income is calculated and some amount is exempted for other allowance. Help me to understand the highlighted components in the attachment.

Attached Files
File Type: pdf Other Allowance Clarification.pdf (44.9 KB, 125 views)

What is your basic pay? This statement pertains to which month. Give break down of monthly pay,HRA etc, then it will be easier to explain.
Hi Nathrao, The details you have asked for is attached to my previous post. This is for the month of August which is the first month for me in this organization.
https://www.bankbazaar.com/tax/taxab...dividuals.html
I have perused your pay slip and computation of taxable income.
Allowance being taxed are HRA(partly subject to conditions),other allowances.
Kindly refer above link for understanding and planning your taxes.
Scope to make tax burden lesser includes increase your PF subscription which is easiest and safest investment.

Since all amounts other than Basic and HRA is put under other allowance, I presume the exemption of Rs.8960 is towards transport allowance.
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