Computation of income from salary
This query is : Open
Rajkumar Gutti
(Querist)
21 March 2018
Following is the our employee computation of income from salary .F.Y.17-18
Salary income 472608
Less -eligible (least) exemption of HRA 20700
salary Income 451908
ADD-Income from saving bank A/C Int. 2000
Total Income 453908
Less Deduction Deduction U/s 80TT 2000
Qualifying Income 451908
Deduction U/s 80c 85846
Deduction U/s 80DD 75000
Total Taxable Income 291062
Income Tax 2053
Less -Rebate U/s 87 A 2053
Income Tax payable 0
You are requested to Pl give your opinion this is correct or any correction
require.
Regards
Rajkumar Gutti
Salary income 472608
Less -eligible (least) exemption of HRA 20700
salary Income 451908
ADD-Income from saving bank A/C Int. 2000
Total Income 453908
Less Deduction Deduction U/s 80TT 2000
Qualifying Income 451908
Deduction U/s 80c 85846
Deduction U/s 80DD 75000
Total Taxable Income 291062
Income Tax 2053
Less -Rebate U/s 87 A 2053
Income Tax payable 0
You are requested to Pl give your opinion this is correct or any correction
require.
Regards
Rajkumar Gutti
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