Calculation of i tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2013 the following is my salary details from my employer and i have joined in June 2013.please tell me the calculation of Income tax for 10 months for FY 2013-2014 and what can be the best options to save I TAX. I have taken one house on rent @Rs.10000 p.m in N delhi and i am having a educational loan of Rs.1257000.

1.Basic salary-Rs.25000 p.m
2.HRA-Rs.14215 p.m
3.Medical allowance-Rs.2000p.m
4.Flexi basket-Rs.32500p.m(includes car lease rental,fuel reimbursement and LTA)
5.PF-annual-Rs.36000(annual)
6. Insurance & medical benefits-Rs.25000 p.a for hospitalisation cost reimbursement,term life insurance cover and disability cover due to accident)

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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11 June 2013 Claim transport allowance 800 per month. Hra is least of the following. 50% of basic salary ie 125000. Excess of rent paid less 10%of salary ie 75000. Actual hra 141250. So u will be eligible for 75000. 32500 being reimbursement will not be taxable.
15000 can be claimed us 800d. Claim ptax deduction of actual ptax deducted. Invest in 80c upto 1 lac