Dear Friend,
Your Salary Structure -
Basic 375000
HRA 1 50000
Conveyance 9600
Medical 15000
Spl all. 153540
PF (Empl) 9360
LTA 37500
Total CTC
750000
Exemptions
Taxable AmtExempted AmtBasic
375000
0
HRA
0
Conveyance
0
9600
Medical
0
15000
Spl all.
153540
0
PF (Empl)
9360
LTA
37500
(Only if you cliam it once in two years)
Hence Taxable Salary is Rs. 528540
Saving upto 100,000 are exempted out of which you already claim in PF i.e. 9360 Now you can have savings upto Rs. 90640( Savings may have ULIP, Insurance for Self & Spouse, MF, Other elements which give you exemption under 80 C, 80CC, 10(10(D))) etc.
Hence Net Taxable Salary
437900
You are coming in the bracket of 20% and Taxable Amt. 87580 (p.a.)
Tax Per Month 7298.333
Note (If you have taken any housing loan from any bank then you can save the interest upto Rs. 150,000 also )
Now let me know if wants to know any other thing pertaining to the captioned matted
Pramod S. Bhadauriya