Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2011
Dear Sir/ madam,
I need to ask you as what would the standard deduction for a salaried professional earning 24 lacs ctc per annum. what all provisions can he claim and what all deductions will be considered for such a CTC. Please give an idea as to how to save tax.
regards
I need to ask you as what would the standard deduction for a salaried professional earning 24 lacs ctc per annum. what all provisions can he claim and what all deductions will be considered for such a CTC. Please give an idea as to how to save tax.
regards
03 August 2011
Hi,
There is not standard deduction from salary at present. You can have following break ups of your salary structure to get tax benefits:
1.HRA
2.Conveyance
3.Medical allowance
4.Children Education Allowance
There are subject to fulfilment of other conditions.
There is not standard deduction from salary at present. You can have following break ups of your salary structure to get tax benefits:
1.HRA
2.Conveyance
3.Medical allowance
4.Children Education Allowance
There are subject to fulfilment of other conditions.
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