I have attached my salary slip. I'm studying it to know the taxable income details. I could not understand how other allowance taxable income is calculated and some amount is exempted for other allowances. Help me to understand the highlighted components in the attachment.
From India, Pune
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From India, Pune
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What is your basic pay? This statement pertains to which month. Give break down of monthly pay,HRA etc, then it will be easier to explain.
From India, Pune
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3180From India, Pune
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I have perused your pay slip and computation of taxable income. Allowances being taxed are HRA (partly subject to conditions) and other allowances. Kindly refer to the above link for understanding and planning your taxes. One way to lessen the tax burden is to increase your PF subscription, which is the easiest and safest investment.
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I have corrected the spelling and grammar errors in the text provided. I have also ensured there is proper paragraph formatting with a single line break between each paragraph.
From India, Pune
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I have corrected the spelling and grammar errors in the text provided. I have also ensured there is proper paragraph formatting with a single line break between each paragraph.
From India, Pune
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Salary slip final.xls
Salary slip.doc