Tax calculation
This query is : Resolved
01 August 2014
Mr. X is salaried employed having basic salary for the FY 2013-14 Rs.549900.00 & allowance Childer education of 2 child 2400.00 Hostel allowance Rs.7200.00 Conveyance Rs.9600.00 HRA 12000.00 and travelling expenses 12000.00 for year.
Rent paid Rs.13450.00 pa in non metro city.
Deduction 80-C Rs.100000.00
80-D 4300.00
TDS on salary Rs.28295.00
Kindly calculate tax liability on urgent
Rent paid Rs.13450.00 pa in non metro city.
Deduction 80-C Rs.100000.00
80-D 4300.00
TDS on salary Rs.28295.00
Kindly calculate tax liability on urgent
Rupesh Jain
(Expert)
01 August 2014
tax liability come rs. 26533
Rupesh Jain
(Expert)
02 August 2014
taxable will be 549900+12000-100000-4300= 457600 tax will be 26533
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