salary tax calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2011 Women as Air hostess
Basic Salary- 4200 pm
HRA- 2000 pm
Flying Allowance- 10000 pm
Modeling Allowance-5000pm
effeciency Allowances-2000pm
what will be her tax and how can she save maximum tax
conditions are applied till now no 80G,C,D,E and no home loan

Rakesh Jain

Rakesh Jain (Expert)
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10 June 2011 Dear

I have done a roughly calculation on the basis of above data and calculated that the total taxable income of above assess shall be Rs. 253392/- and tax on above shall be Rs.6529/-
I assumed that she had paid Rs. 2000 p.m. as rent and she has a deduction for EPF.

for reduction of tax she can invest in 80C investment up to Rs. 64000/-.

With Regards,

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Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2011 Thanks Rakesh if she will invest 64k in 80C than how much tax she has to pay

Rakesh Jain

Rakesh Jain (Expert)
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11 June 2011 She has to pay Nil Tax.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2011 thanks Mr rajesh ji

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