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?
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
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Lease agreement and tax on sale
- SALE BILL AGAINST GOODS RETURN
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Merchant Export Accounting
- Supply through E-commerce Operators
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
