Hi,
I am a fresher and i got my offer letter two days ago. The annual compensations were given as:
basic -150,000
house rent allowance- 75,000
provident fund -18,000
leave travel allowance -30,000
medical allowance -15,000
conveyance allowance -9,600
special allowance -202,400
total pay-500,000
deductions:
provident fund-18,000
professional tax- 2,500
net take home -461,500
net take home excluding medical and travel allowance 416,500
What does all this mean and how much money will i get after the tax is deducted? is there any special tax savings for women?
I am a fresher and i got my offer letter two days ago. The annual compensations were given as:
basic -150,000
house rent allowance- 75,000
provident fund -18,000
leave travel allowance -30,000
medical allowance -15,000
conveyance allowance -9,600
special allowance -202,400
total pay-500,000
deductions:
provident fund-18,000
professional tax- 2,500
net take home -461,500
net take home excluding medical and travel allowance 416,500
What does all this mean and how much money will i get after the tax is deducted? is there any special tax savings for women?