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Income tax

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(Querist)
23 December 2016 Hi, If a person is earning Rs. 40500 per month, please help me with income tax.
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
23 December 2016 2,50,000 basic exemption limit plus Rs.5000 tax exemption u/s 87A because the gross total income is less than Rs.5,00,000
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
23 December 2016 Since total gross salary will be Rs.486000/-basic salary exemption Rs.250000/- additional Rs.5000/- Tax exemption . Less than 5 lakhs. Balance 186000/- @10% Rs.18600+3%cess



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Naresh

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Naresh (Querist)
01 February 2017 thanks for your help

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