Salary income
This query is : Resolved
07 August 2016
An Individual male working in a pvt bank as a deputy manager have following salary detail for fy 2015-16. pls suggest way to minimise tax :-
Gross Salary Breakup :-
Basic - 169980.00
conveyance Allowance- 19200.00
HRA - 36000.00
Medical Reimbursment - 15000.00
Telephone Rembursment -4800.00
Other Allowances - 75660.00
Personal Pay- 63720.00
Incentive - 89321.00
Food Allowances- 10920.00
Perquisite - interest Free Loan- 6847.76
Gross Salary - 491449.00
Rent Paid - 3000/- PM,
pls explain how to get medical rembursment, telephone rembursment deduction.
Gross Salary Breakup :-
Basic - 169980.00
conveyance Allowance- 19200.00
HRA - 36000.00
Medical Reimbursment - 15000.00
Telephone Rembursment -4800.00
Other Allowances - 75660.00
Personal Pay- 63720.00
Incentive - 89321.00
Food Allowances- 10920.00
Perquisite - interest Free Loan- 6847.76
Gross Salary - 491449.00
Rent Paid - 3000/- PM,
pls explain how to get medical rembursment, telephone rembursment deduction.
08 August 2016
Medical reimbursement up to 15000 is exempted. Telephone reimbursement declare it as used for official purpose not to be included in salary income.
08 August 2016
SIR, THANKS FOR REPLY.
BUT WANT TO KNOW HOW TO PROVE THAT TEL. EXP IS FOR OFFICAL PURPOSE. AND PLEASE FIND OUT THAT HOW MUCH WAS TAX LAIBILITY THERE.
BUT WANT TO KNOW HOW TO PROVE THAT TEL. EXP IS FOR OFFICAL PURPOSE. AND PLEASE FIND OUT THAT HOW MUCH WAS TAX LAIBILITY THERE.
08 August 2016
Your declaration is sufficient.
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