EXEMPTIONS

Sushant Singh (Student) (208 Points)

29 January 2011  

IS ADDITIONAL HRA IN ADDITION TO HRA  IS TO BE TAKEN FOR HRA EXEMPTION U/S 10(13A) ?

CALCULATE TAX LIABILTY 

BASIC SALARY 11000 P.M.

DA 2000P.M.

ADDITIONAL D.A. 1500 P.M.

CONVEYANCE ALLOWANCE 1800 P.M.

L T A MONTHLY 3000 P.M.

HRA   6000 P.M.

ADDITIONAL HRA  2100 P.M.

MEDICAL ALLOWANCE  2000PM

TRANSPORT ALLOWANCE 800 P.M.

SUPERANNUATION ALLOWANCE 1800 P.M.

LUNCH ALLOWANCE 1400 P.M.

PERFORMANCE LINKED PAY  3000 

INVESTMENTS OF RS 100000 FOR SEC 80C DEDUCTION

FOR 80 CCF RS 20000