Confusion on tax
This query is : Resolved
29 July 2011
sir, i am a govt. employee, my gross total income in financial year 2010-2011 is 278087 (basic salary+D.A.) and my h.r.a. which is provided by my department is 22024 and my saving is 37718. i am 34 yrs old. i have paid 24000 rupees for rent. so plz tell me, what will be my tax?
CA PARAS BAFNA
(Expert)
30 July 2011
As rent paid is less than 10% of your salary for HRA purpose, you will not get any exemption from HRA.
Tax calculated in earlier reply to this query will be payable in this case.
278087+22024-37718= 262393
Tax Payable =10239+307= 10546 or say 10550
CHECK IT FROM YOUR FORM 16
Tax calculated in earlier reply to this query will be payable in this case.
278087+22024-37718= 262393
Tax Payable =10239+307= 10546 or say 10550
CHECK IT FROM YOUR FORM 16
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
