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..
11 September 2012
you can claim deduction under section 80C. Also try out for 10(13A) if you pay rent for your residence.
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
