Calculation of income tax,.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2012 Basic 18000.00
HRA 9000.00 25 Male
Conveyance All 13500.00 Delhi
Exe. Allowance 13500.00

Rent receipt Submitted 10000/- pm Delhi
Investment u/c 80C 100000/-
PF Deduction 780/- pm

Deduction :
Cab Charge 2200/- pm

Note : Please help to calculate , also I want to under
stand that " How much my conveyance exeption"

Amol S Joglekar

Amol S Joglekar (Expert)
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19 September 2012 conveyance exemption is 9600 per year. HRA exemption shall be least of 9000 or 8200. Your net taxable should be around 440000 involving a tax of around 24000 for the year 2012-13

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2012 Sir,
Your calculation is absolutely right but the question is my employer has not given me the conveyance exemption of Rs 800/-pm (Rs800x12=9600). the reason they are saying my Cab deduction Rs 2200/-. that is deduction from the salary pm. so you are not eligible.
Sir, I want to know the reason is it true.
kindly help to calrify.
Regards

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2012 When you are being paid conveyance allowance INR13500, as said by you in the QUERY..... you should get the exemption irrespective of the fact whether deduction for CAB is made or not. (Else there could be the situation that you are not getting CONVEYANCE ALLOWANCE at all)Please clarify.

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2012 Sir,
Conveyance Allowance which i am getting Rs 13500/-pm is the part of my salary.
but company has arrange a cab for staff on charging basis @ 2200/- pm from each employee/users. that amount they are deductingn every months from my salary.

In that case Is am i eligible for Conveyance Expmtion.

Regards

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2012 Of course yes. Please ask the SALARY person the reason for not giving exemption for conveyance allowance. The reason of CAB deduction is REDUNDANT and will not stand with any wise person. When CAB charges deducted from your salary, it amounts that you are paying the charges from your own pocket. Only the arrangement is that employer is deducting the same OK?????

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2012 Sir, Thank you very much
if you can write me matter to send the salary deptt in your language so that he will understand.

sir i am not expert to explain him. need your help.

best regards

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2012 Rather you write a polite letter to your salary department under c.c to me. amolshankar@gmail.com.

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2012 Sir, i am very thankful to you for spend highly valuable time to me.
I could not understand what to write them, Sir If possible send some few words in your language so that i can mail them.

best regards

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2012 I request your good self to grant me the exemption u/s 10(14) for conveyance allowance and oblige. The TDS may be deducted at your end, after giving due regard to the same. Thanking you.

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