CALCULATE TAXABLE INCOME

Sir, plz provide the full information regading the amount of salary (montly salary), provident fund and gratuity received.

Dear Sunny,

1) Salary                                                                       =                               5,00,000

2) Family pension = 24 K less exempt Rs. 8 k   =                                   16,000

3) Minor child  = 6k less exempt 1.5 k                    =                                   4,500

4) Accumulated PF Balance (assumed exempt)  =                                       Nil

5) Gratuity   (asumed it is exempt u/s 10)               =                                     Nil

Gross Total Income                                                    =                                5,20,500