NAMASKAR

This query is : Resolved

VINOD (Querist)
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13 March 2010 BAISC IS RS 10000,HRA IS 3000,CONVEYANCE IS 1000,SPECIAL ALLOWANCE IS 4000,VARIABLE ALLOWANCE IS 2000,BONUS IS 8400.EMPLOYED FOR THE WHOLE FINICIAL YEAR 2009-2010.

DEDUCTION IS P.F,P.T OF RS 200/- P.M,INSURANCE IS 4250/- P.A AND RENT OF RS 3500/- P.M WHAT WILL THE INCOME TAX DEDUCTION FROM THE ABOVE MENTIONED DETAIL SALARY FOR THE FINICIAL YEAR 2009-2010 AND ASSESMENT YEAR 2010-2011.

WARM REGARDS

VINOD.S

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 March 2010 Basic Fully taxable
HRA- Least of the following is exempted
1.Actual HRA
2.Rent paid less 10 % of basic
3.40 % of Basic (if the city metro 50%)

Bonus -fully taxable

Special allowance- fully taxable
Variable allowance -fully taxable
Coneyance- If usage offical exempted otherwise taxable

P.T.you can take deduction

Insurance if Life insurance deduction u/s.80C avialable if Mediclaim & health U/s.80D
If you need full calcualtion give the mail id

VINOD

VINOD (Querist)
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13 March 2010 please note the follwing it is a metro place kindly send me the calculation
to my email id iyengarvinod@gmail.com

Warm Regards

Vinod

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 March 2010 sent check your mail

VINOD

VINOD (Querist)
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13 March 2010 thanks for sending the information

Warm regards

Vinod.S

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