How i calculate income tax
Querist : Anonymous
Please Solve Mu Confission about this
May Basic Salary is 179000/- Per Year
Conveyance allownce 24000/- Per Year
HRA 60000/- Per Year
My CA Sais That My all Income Is Tax free and Other CA Said That It Is Taxable Please Tell Me Through Calculation
Thanks
Yes you are not chargeable to Income Tax provided you are paying house rent
Basic salary - 179000
Conveyance - 14400 (24000-(800*12))
total - 193400
claim HRA as fully paid with rent receipt from your landlord.
Finally income is less than Rs.200000/ hence it is not taxable.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Required to submit form 10IEA_fy 24-25
- Error whilst validation
- Rebate u/sec. 87A manually
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- TDS deducted in different section but Deposited in a Single section via Single challan
- Form 15G eligibility for individuals
- Ewaybill Material value reg
- SEA GOING ALLOWANCE
- Which ITR application
- SFT Mismatch
- GSTR ITC relationship
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
Trending Online Classes
CAclubindia
