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Computation of income from salary

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(Querist)
21 March 2018 Following is the our employee computation of income from salary .F.Y.17-18

Salary income 472608
Less -eligible (least) exemption of HRA 20700
salary Income 451908

ADD-Income from saving bank A/C Int. 2000
Total Income 453908

Less Deduction Deduction U/s 80TT 2000

Qualifying Income 451908
Deduction U/s 80c 85846
Deduction U/s 80DD 75000

Total Taxable Income 291062
Income Tax 2053
Less -Rebate U/s 87 A 2053

Income Tax payable 0

You are requested to Pl give your opinion this is correct or any correction
require.

Regards

Rajkumar Gutti
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RAJA P M

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RAJA P M (Expert)
21 March 2018 Yes... This is exactly Correct... No need any corrections.

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