Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2013 Hi,

I earned Rs. 378000/- in the year 2012-13.
I am paying Rs. 4923/- quarterly for LIC
I am paying house rent Rs. 8000/- per month.

Can you please help me in calculating for my IT.

Also, can you help me know if I can submit medical bills.

Many thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

24 May 2013 What is the nature or source of Income?

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2013 I am employee

Upgrade to CAclubindia Pro. Subscribe Now!

Guest

Guest (Expert)

25 May 2013
Are you getting HRA.

Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2013 yes, I am getting HRA

Guest

Guest (Expert)

25 May 2013 to provide house rent allowance exemption u/s 10(13A), we need to know, HRA received amount, the place where you are residing or paying rent and your basic salary and allowances details

Now answering to another question.
Medical expense for medical checkup is allowed to the extent of Rs 5000 as deduction

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2013 Basic-14590
HRA-6480
Conveyance-2268
Medical-2592
others-6480
varaible-3600
bonus-1 month salary

I reside in Bangalore, thanks for your reply

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

03 July 2013 Please provide your rent details as well as the salary given for monthly or yearly?

you can send my mail id also

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2013 I find this site to be good and knowledgeable and helpful but at the same time I see our experts are very busy and cannot answer our queries on time. many thanks for all answers from the experts.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

04 July 2013 Thanks and keep sharing