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
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