What Is The Deductable TDS Amount Of My Salary?

omastha constructions pvt ltd.
I am working in a private company and my salary structure per month is as follows:
Basic Salary: Rs.10000
House Rent Allowance : Rs.4000
Conveyance Allowance: Rs.2000
Medical Allowance : Rs.2000
Total: Rs.18000/- Per Month
How much amount shall be deducted from my salary towards TDS or IT please clarify
shilpagowwda
Hi,
Your annual CTC is 216000. As per income tax slabs 160000 is exempted from tax (assuming you as a male non senior citizen). Hence the taxable amount is 56000 (216000-160000=56000).
In which HRA is partially exwmpted from tax and local conveyance upto 9600 is exempted from tax.
Hence 56000-9600= 46400.
If you claim for HRA, you will not fall under taxable income at all.
Hope it cleared your doubts.
Thanks & Regards
Shilpa Gowda
pon1965
You will not fall under tax net as rightly said by Shilpa. Your PF contribution will be considered under sec 80 C for tax exemption. Therefore, no tax will be payable. Enjoy.
Pon
gopalgupta100
Dear
your monthly salary Rs 18000x12=216000/- IT Reules Exempted Rs 160000/- for individuals
taxable amount rs 56000/- but if your basic salary is 10000/- hence your P F a/c is 14400/- which is exempted
Even of HRA also exempted from I T Rules . & also applicable P tax which is Rs 2500/- exempted from I T Tax even you also found exempted limitd of 100000/- lacs from 80 ccc & education rs 10 thousand , hence you are not under in TDS so relax & enjoy
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