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Amit jha (Sr. Officer (Finance & Accounts))     05 December 2011

Tds on salary (a.y-12-13)

could any one please help me

here is a salary detail of an employee

basic 14000

hra      7000

LTA     2800

medical 1250

transportation 800

internet excess allowance 800

telephone calls allowance  500

special performance payout monthly 2400

professional enrichment allowance 450

gross salary is 30000/- per month

please tell me how would i compute tax liability for f.y.11-12(a.y. 12-13)

and do we get exemption on HRA,Medical , transportation, and any other allowance?

tell me in detail please.......


 1 Replies


Prakash (Chartered Accountant)     05 December 2011

Tax liability would be determined after allowing all the exemptions available @ the rates specified for annual projection


You can claim HRA, Medical, Conveyance, LTA, Telephone, Internet, professional enrichment as Exempted allowances, Subject to submission of Relavent proofs and Documents

In case of Medical it should be in the form of reiumbursement, get the bills and pay, otherwise it would be taxable


Hope you have the Idea of Calculating the Exemptions


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