Hi all, I need help on an urgent basis. I am working in a company with a CTC of 480,000 and I joined the company on 2nd April 2012. The salary breakup is as follows:
- Basic: 16,000
- HRA: 8,000
- Special Allowance: 6,350
- Conveyance: 6,800
- Medical: 1,250
- Books & Tele: 1,600
Total: 40,000
PF is not applicable. Can anyone tell me the income tax amount that the company should deduct from my monthly salary?
From India, Mumbai
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7- Basic: 16,000
- HRA: 8,000
- Special Allowance: 6,350
- Conveyance: 6,800
- Medical: 1,250
- Books & Tele: 1,600
Total: 40,000
PF is not applicable. Can anyone tell me the income tax amount that the company should deduct from my monthly salary?
From India, Mumbai
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House Rent Allowance (HRA) Eligibility
Do you pay for house rent? If yes, what is the amount, and do you have the rent receipt? If no, then you can't get the benefit of House Rent Allowance (HRA).
Books and Periodicals Reimbursement
The amount received against books and periodicals can be claimed on submission of bills. Exemption will be as follows:
- Amount received towards reimbursement
- Actual amount spent
Whichever is less of 1 and 2.
From India, Mumbai
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Do you pay for house rent? If yes, what is the amount, and do you have the rent receipt? If no, then you can't get the benefit of House Rent Allowance (HRA).
Books and Periodicals Reimbursement
The amount received against books and periodicals can be claimed on submission of bills. Exemption will be as follows:
- Amount received towards reimbursement
- Actual amount spent
Whichever is less of 1 and 2.
From India, Mumbai
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I m showing the rent receipt of 8000 per month And Books And telephone bill i m not provoiding
From India, Mumbai
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From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY CALCULATOR & INCOME TAX.zip
Income Tax Calculation 2009-10 - Salaries.xls