Author : Anonymous
( Author ) 13 June 2011
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Respected Sir,
My Salary Is Rs.319440/- Less:-Allowance to the Extent Exmpt Under Section 10 IS Rs.66632/- in which(Medical Expenses Reimbrusment Rs.15000/-, Children Allowance Rs.2400/-, Transport Allowance Rs.9600/- & HRA & Uniform Allowance RS.39632/-) Less:- Tax on Employment Is Rs.2400/-
Less: Pre EMI of Hose Loan for Current Year is Rs.46711/-
Less:LIC Premium Rs.19200/-, PF. RS.9360/-, Repayment of Housing Loan is Rs.16925/- & Tution Fees of Children Rs.2000/-,
My Salary RS.319440.00 Less:Allowance RS. 66632.00 Less: P.T RS. 2400.00 Less: Pre EMI House RS. 46711.00 loan Less:LIC, PF, Hoseing Rs. 47785.00 Loan Repayment, Tution Fees Total income Rs.156212.00
Is It Correct Calculation, Please If it is Correct than In Form Sahaj ITR-1 Under Which Saction i can put it.
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