Salary

This query is : Resolved

Rahul Jain (Querist)
Follow

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?

Nayan Das

Nayan Das (Expert)
Follow

07 May 2011 NOW TAX EXEMPTION LIMIT 1,80,000/- OTHERS
190000/- FOR WOMEN,

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sanoj T

Venkateshwaran Ekambaram

Jagannathan Seshadri

Ravikumar

Fredrick Samraj

Subscribe Now

Salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA