Salary
This query is : Resolved
Rahul Jain
(Querist)
07 May 2011
Dear Sir,
I would like to know if a employee get his salary like:-
Basic : 15000
HRA : 650
LTA : 1000
Food : 1000
Petrol: 1000
Total Salary he gets Rs.18650 P.M.
So in this case How much his liability of Income tax or no income tax liability comes?
I would like to know if a employee get his salary like:-
Basic : 15000
HRA : 650
LTA : 1000
Food : 1000
Petrol: 1000
Total Salary he gets Rs.18650 P.M.
So in this case How much his liability of Income tax or no income tax liability comes?
07 May 2011
NOW TAX EXEMPTION LIMIT 1,80,000/- OTHERS
190000/- FOR WOMEN,
190000/- FOR WOMEN,
CA MANOJ GUPTA
(Expert)
07 May 2011
BASIC SALARY IS TAXABLE
HRA IS EXEMPT SUBJECT TO CONDITION SP IN SECTION 10(13a)
LTA IS EXEMPT SUBJECT TO CONDITION SP IN SECTION 10(5)
FOOD ALLOWANCE IF FIXED IS TAXABLE
CONVEYANCE ALLOWANCE IS EXEMPY UPTO Rs 800 PER MONTH
EXACT LIAB CAN BE CALCULATED IF THE DETAILS ARE PROVIDED
CA MANOJ GUPTA
JODHPUR
09828510543
HRA IS EXEMPT SUBJECT TO CONDITION SP IN SECTION 10(13a)
LTA IS EXEMPT SUBJECT TO CONDITION SP IN SECTION 10(5)
FOOD ALLOWANCE IF FIXED IS TAXABLE
CONVEYANCE ALLOWANCE IS EXEMPY UPTO Rs 800 PER MONTH
EXACT LIAB CAN BE CALCULATED IF THE DETAILS ARE PROVIDED
CA MANOJ GUPTA
JODHPUR
09828510543
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