Minimum tax on rs.100000 p.m salary
This query is : Resolved
pradeep singhal
(Querist)
12 April 2014
R,sir/Madam
Please tell me how can pay less tax(350-500 montly) on Rs.100000 p.m salary
give structure or breakup with exemption & deduction
Please tell me how can pay less tax(350-500 montly) on Rs.100000 p.m salary
give structure or breakup with exemption & deduction
Rupesh Jain
(Expert)
12 April 2014
TOTAL SALALRY rS/. 1200000/- AND YOU TAKE HRA AND U/S 80C RS. 100000/- INVESTMENT AND 80D MEDIAL INSURANCE PREMIUM AND
IF YOU HAVE HOUSING LOAN THEN YOU TAKE DEDUCTION U/S 24(b) for intt. on housing loan
40% basie and bal. can divided in childer education allowance, transportation allowance and house rent allowance
40000+childer allowance rs. 200+ 29800 hra +30000 transportation allowance.
IF YOU HAVE HOUSING LOAN THEN YOU TAKE DEDUCTION U/S 24(b) for intt. on housing loan
40% basie and bal. can divided in childer education allowance, transportation allowance and house rent allowance
40000+childer allowance rs. 200+ 29800 hra +30000 transportation allowance.
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