Recently i joined a company in June'13. my monthly salary breakup is: Basic: Rs. 16,000 HRA: Rs. 8,000 Special Allowance : Rs. 29,100. so, Total Gross Salary is Rs.. 53,100.
PF is optional in my company. so, i choose not to deduct PF. only meals expenses deduct from my salary amounted to rs.100 per month.which provide net income amounted to Rs. 53,000
now, company is asking for investment declaration for f/y 13-14. presently i have a PPF a/c and i will submit Rs.100,000 in that for f/y 13-14.
kindly provide me the calculation of TDS, that how much amount will be deducted from my salary per month.
20 June 2013
Yes Mam, i am living in a rented house @Rs.10,000 per month. Having my LIC amounted to Rs. 14,400 p.a and Mediclaims amounted to Rs.12,000 p.a
and apart from this planning to deposited Rs.100,000 in PPF during f/y 13-14
CAclubindia
