Tax on salary income
This query is : Resolved
08 February 2012
Sir,
I have Received Income from Salary as below - Basic Salary - 537300
HRA - 188000
MEDICAL ALLOW - 15000
OTHER PERQ RECEIVED - 103224
Kindly Give my Income tax amount which we will paid.
Proff Tax 2500
Other information as below
Rent Paid - 15000 Per month
Intrest on home laon -95000
LIP - 100000
Thanks
I have Received Income from Salary as below - Basic Salary - 537300
HRA - 188000
MEDICAL ALLOW - 15000
OTHER PERQ RECEIVED - 103224
Kindly Give my Income tax amount which we will paid.
Proff Tax 2500
Other information as below
Rent Paid - 15000 Per month
Intrest on home laon -95000
LIP - 100000
Thanks
Dintakurthi Tirumala
(Expert)
08 February 2012
Your Total Gross Salary is Rs.843524 your net taxable salary is Rs.843524-2500=841024 You total income is(after deduction of HL interest and LIP) 841024-95000-100000=Rs.646024 Tax on it is for men Rs.63041(Including education cess). In case tax on perquisites pays by the employer then tax is Rs.41777.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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