Calculate my exect income taxabel income or tax
Querist : Anonymous
basic + DA 180000/=
cinveyance 60000/=
HRA 54000/=
bonus 8400/=
total 302400/=
deduction
LIC 15000/=
house rent 96000/=
PLEASE CACULATE MY TAXABLE INCOME WITH DETAIL OF HRA AND TAX
Conveyance..........(60000-800*12)..50400
HRA.................................Nil
Bonus................................8400
Total...............................238800
Deduction u/s 80C..................(15000)
Taxable Income.....................223800
Tax on above(223800-200000)*10%.....2380
Less:-Rebate u/s 87a................2000
Tax payable.........................380
(+)Education Cess @2%................7.60
(+)Secondary & higher education cess @1%....3.80
Total................................391.4
Total tax liability=394
Querist : Anonymous
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