Deduction details.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2012
My gross salary for 8 mnts from 01.08-31.03.13 is Rs 349600
HRA for 8 months 96000
Gross total income = Rs 445600
Mediclaim=1700
Deduction u/s 80c=6240
net taxable income=437660
tax on net taxable income=23766
add: education cess=713
tax payable=24479 for 8 months
tax p.m=3060
above is the break up provided to me
what are the documents to be submitted for nil tax per month
i have my own Lic amounting to Rs 6000 pm & my parents having too can i get deduction for that
Having mediclaim policy of Rs 8000
what else i have to submit for 0 tds
please can anybody help me with amount break up & details.
Thanks in advance..
HRA for 8 months 96000
Gross total income = Rs 445600
Mediclaim=1700
Deduction u/s 80c=6240
net taxable income=437660
tax on net taxable income=23766
add: education cess=713
tax payable=24479 for 8 months
tax p.m=3060
above is the break up provided to me
what are the documents to be submitted for nil tax per month
i have my own Lic amounting to Rs 6000 pm & my parents having too can i get deduction for that
Having mediclaim policy of Rs 8000
what else i have to submit for 0 tds
please can anybody help me with amount break up & details.
Thanks in advance..
Amol S Joglekar
(Expert)
11 September 2012
you can claim deduction under section 80C. Also try out for 10(13A) if you pay rent for your residence.
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