I would like to know what's the payable tax on 4.5lac CTC. This is the breakup:
| Heads | P.A |
| (a). Basic (Rs.) | 180000 |
| (b). HRA (Rs.) | 90000 |
| (c). Transport Allowance (Rs.) | 9600 |
| 327600 |
Reimbursement:
| (a). Medical (Rs.) | 15000 |
| (Useful to have bills upto Rs. 15000/-) | |
| (b). LTC (Rs.) | 107400 |
| (Bills for Air/Rail/Tpt.) | |
| (c). Helper (Rs.) | 48000 |
| (Signed receipt required monthly) | |
| 122400 |
Grand total 4,50,000
Tax for A.Y. 2008 - 09 Rs.35700
Additionals:
I was given Rs.24400 as maternity medical facility. Also I had got a bonus (April 08) +diwali cash gift (Nov 08). Both total is Rs.48750 mentioned as exgratia.
Income tax paid for 2007-08 was 4815. I have declared Rs.4390 as mediclaim insurance deducted under 80C
I'm a female and live in delhi on rent.
Please advise what will be my taxable income for the assessment year 2009-10
CAclubindia
