NAMASKAR
This query is : Resolved
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
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
(Expert)
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
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
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
to my email id iyengarvinod@gmail.com
Warm Regards
Vinod
CMA Ramesh Krishnan
(Expert)
13 March 2010
sent check your mail
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