Need Help Calculating My Income Tax After Switching Jobs from Bank to Software Company?

Suneetha_1
Hi, please suggest what the tax deduction is for me. Previously, I was working in a bank where I received a gross salary of 24,000, but I didn't receive any payslip. I changed from the bank to a software company four months ago, and I am attaching my payslip here. Can someone help me calculate the income tax for my previous and current salary?

Thank you.
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arun.bascon
Income tax calculation is not a simple process. A few more pieces of information are needed to calculate your salary tax:

1. Have you paid salary tax earlier?
2. Do you have a tax-exempt investment plan?
3. Are you eligible for HRA allowances?
4. Are there any other exemptions apart from Section 80C?

All the above details are needed to calculate your salary income tax. You can consult with a tax consultant in your area. This way, you will be able to gain clear information.

Regards
kankarvijay
I am working in a small software company and I am receiving 22,000 per month, with 21,250 in hand after the company deducts 750 per month for taxes. I have a policy costing 35,000 per year, an education loan of 33,000 per year, and room rent of 45,000. In this condition, my investment is more than 10,000.

The company pays my tax but does not provide any form; they only take an investment slip. They informed me that since they paid my tax, I will now receive 22,000 in hand. However, my concern is about my current tax liability of 9,000. The company mentioned that I need to pay the tax as they have covered it and that I won't receive that money, but will still get 22,000 in hand.

I would appreciate your advice on this matter.

Thank you.
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