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Charz26
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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.
20th January 2018 From India, Pune

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File Type: pdf Other Allowance Clarification.pdf (44.9 KB, 117 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.
20th January 2018 From India, Pune
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.
20th January 2018 From India, Pune
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.
21st January 2018 From India, Pune
Since all amounts other than Basic and HRA is put under other allowance, I presume the exemption of Rs.8960 is towards transport allowance.
22nd January 2018 From India, Pune
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