Compute taxable salary
This query is : Resolved
17 February 2016
1. Ram Niwas salary = 40000 per month
2. DA 20% OF SALARY
3. HOUSE RENT 8000 PER MONTH
4. TELEPHONE BILL 12000
5 HOUSE RENT 10000 PER MONTH
6. SALARY SERVANT 2000 PER MONTH
COMPUTE TAXABLE SALARY ASSESSMENT YEAR 2016-17
2. DA 20% OF SALARY
3. HOUSE RENT 8000 PER MONTH
4. TELEPHONE BILL 12000
5 HOUSE RENT 10000 PER MONTH
6. SALARY SERVANT 2000 PER MONTH
COMPUTE TAXABLE SALARY ASSESSMENT YEAR 2016-17
17 February 2016
Computation of Taxable Salary:
Salary & Allowances 708,000
Less: HRA exempt 57,600
Telephone 12,000
======= 69,600
==========
TAXABLE SALARY 638,400
==========
Salary & Allowances 708,000
Less: HRA exempt 57,600
Telephone 12,000
======= 69,600
==========
TAXABLE SALARY 638,400
==========
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