Income from salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2016 dear sir.
i live in metro city in rental house and work in pvt.company my salary details bellow
basic salary 9000/- (monthly)
HRA 1500/-
TA 2250/-
PFA 2250/-
total Gross salary 15000/-
deduction
EPFO contribution.1080/-
ESIC Contribution 263/-
P.TAX 130/-
net salary monthly received after deduction (EPF,ESIC,P.TAX) 13527/-
annual received (13527x12) 162324/-
plz computation my salary income in income tax rule

Sandeep Dharar

Sandeep Dharar (Expert)
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15 December 2016 U may check the details through following link:-

http://finotax.com/income-tax/calc-1718

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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15 December 2016 Taxable salary 15000*12=180000/-
Deduction CA. 1600*12=19200
PT. 130*12=1560
Taxable salary. 159240
Chapter VI A PF. 12960
Net taxable salary. 146280

Less than tax bracket.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2016 OK thank you very much sir

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2016 sir CA 1600*12 means (CA/TA)

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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17 December 2016 Conveyance allowance, Some uses TA

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2016 it means HRA Full taxable

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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17 December 2016 To work out HRA You have to give details rent paid, and city leaving, but above salary is less than tax bracket why you want HRA calculation.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2016 Dear sir ek F.Y.me employee or employer ka EPF contribution or is par jama hone wala interest ek individual ke accounts me kaha show hoga uski balance sheet me ya I/E account me plz help me

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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17 December 2016 Your contributions to PF is Part of salary it will part of income, EPF can be treated as investment it comes in balance sheet.

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2016 It means one year employee EPF contribution not show in I/E Account expenditure side direct EPF closing balance show in balance sheet investment head right

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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19 December 2016 EPF Already include in Salary portion in Income side PF of Employee is saving can be shown as investment.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2016 employer contribution and one year EPF interest will be where show.

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2016 sir balance sheet me kewal or kewal employee ka contribution or us par one year ka interest hi investment ke roop me show hoga ya fir dono ka contri bution + interest plz guide this is my last question ...