banner_ad

calculate the taxable income under salary head

Tax queries 1072 views 1 replies

 

my freind salary detail is mentioned below during the financial year   2009-10

 

& he is living in ludhiana  
 
 
                                               Amount
CCA                                              5333
CONV                                            7737
ERN_BASIC                                  95166
FIX_ALL                                        2381
HMA                                              7987
HRA                                               28555
SPL_ALL                                         5761
VALL                                               5333
BONUS 2008-09                             6258
LWW                                              3988
 
TOTAL AMOUNT                          168499
 
 
& his contribution to PF is   11416/-
 
what is the taxable income ?
 
 

Replies (1)

Kindly clarify the following terms

FIX_ALL

HMA

VALL

LWW

 

Also let me know the amount of rent he is paying against the HRA, since it would be required to calculate HRA exempt.

However, all the calculations would be made by the employer at year end and deduct TDS equal to the tax liability


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details