How to calculate Taxable Income

Kamlesh (Application Support) (29 Points)

19 December 2010  

Hello People,

I am the newbie here.

I want to know what would be my net taxable income?

My CTC P.a is Rs. 2,64,000 which includes my fixed bonus of Rs.24,000.

I have 3 LIC Policy of which Annual Premium amount comes to around Rs. 10,898.

Also I have purchased NSC of Rs. 50,000.

Recently, I have purchased PPF from HDFC Standard Life Insurance. The Insurance Premium is Rs. 24,000 p.a.

Could anyone please tell me what would be by net taxable income for the current fiscal year 2010-2011..?

Any help on this would be highly appreciated..

 

Thanks and Best Wishes.

Kamlesh Panchal