I'm trying to understand my salary slip so that i could know the taxable income. I could not understand the below highlighted "Other allowance". Could anybody help me to know, how is it calculated? Below inserted image is the first salary slip of mine (Aug)
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Taxable income from my salary slip
Replies (3)
The salary slip fixed by your HR department., what are the expenses is mentined in Salary slip its taxable ., relating to Reason and breakup better you can discuss with HR may be that is fixed by your companay management.
what is NPS, WHO CAN INVEST IN NPS AND NOW RS.1,50,000/= DEDUCTION ALLOWED U/S 80C. IF WE ALREADY INVESTED IN PPF 150000/= AND NOW 50000 INVESTMENT IN NPS CAN WE AVAIL RS.200000/= AS DEDUCTIONS.
No., As per law 150000
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