Minimum tax on rs.100000 p.m salary

This query is : Resolved

pradeep singhal (Querist)
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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

Rupesh Jain

Rupesh Jain (Expert)
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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.

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