27 July 2020
Annual salary Basic Rs 253,020.00 HRA Rs132,00.00, Annaul rent for flat Rs264,00.00 Non-metro city, Agricultural income per annum Rs 150,000.00 Rental income Rs.126,000.00 ,bank interest income Rs1500.00 can anyone help me to compute the annual income liablity.
27 July 2020
you may use excel calculator online through search. As per my view, all are taxable component Basic, HRA, Agriculture income, Rent Income, HRA some part is exempt, Saving bank interest is also exempt, PF is also deductible. if some other life insurance/health insurance and investment in PPF/NSC/NPS is also deduction allow.
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