Hi Sir,
I would like to know what are the components in salary are taxable eg CTC is divided into Basic, HRA, Conveyance...etc now are these components taxable (basic and HRA) apart form special allowance..please help me on this... also hw is income tax is calculated and what are the slabs and will it be calculated on the special allowance left after basic, HRA and conveyance.....I would be grateful to you if you help me on the same.
I would like to know what whether the basic salary is taxable....and special allowance is taxable but how much. Will give you one example Say CTC of ABC is 20,000 PM, then
the salary break up will be as follows:
Basic Salary - 8000
HRA (Metro) - 4000
Conveyance - 800
PF Contibution get deduct both of employer and employee... and then rest all goes to Special allowance...
I would like to know hw much tax amount will be applicable on ABC...hw much he need to pay as a tax...
Regards
I would like to know what are the components in salary are taxable eg CTC is divided into Basic, HRA, Conveyance...etc now are these components taxable (basic and HRA) apart form special allowance..please help me on this... also hw is income tax is calculated and what are the slabs and will it be calculated on the special allowance left after basic, HRA and conveyance.....I would be grateful to you if you help me on the same.
I would like to know what whether the basic salary is taxable....and special allowance is taxable but how much. Will give you one example Say CTC of ABC is 20,000 PM, then
the salary break up will be as follows:
Basic Salary - 8000
HRA (Metro) - 4000
Conveyance - 800
PF Contibution get deduct both of employer and employee... and then rest all goes to Special allowance...
I would like to know hw much tax amount will be applicable on ABC...hw much he need to pay as a tax...
Regards