Basic Salary
This query is : Resolved
13 April 2009
Dear Sir/Madam,
I want to know while calculating Income Tax on salary basic salary should be how much in hyderabad.Whether it comes under metropolitean city or not.
Thanks
I want to know while calculating Income Tax on salary basic salary should be how much in hyderabad.Whether it comes under metropolitean city or not.
Thanks
13 April 2009
There is no such specific criteria for deciding the basic salary in Income Tax Act. Further Hyderabad is not covered in metropolitan cities if you are asking wrt HRA exemption of 50%/40%.
13 April 2009
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