Income tax decrese
This query is : Resolved
08 January 2020
1.4.19 To 31.3.2020
Pay 734014
DA 75108
TA 4200
HRA 54624
DA Arre 22618
Total 890564
PF 2500
ST Deduction 16 A 50000
Gross Total Income 838064
80 C 150000
Gross Salary 688064
Limit Slap 500000
Taxable Income 188064
Rat Slap 20 % 37612
UP To 500000 Tax 12500
Taxable 50112
Educ ess 2004
Total Tax Accumalated 52116
Tds Paid 6000
Tax Payable 46116
Tax Descress Solution ?????????
Pay 734014
DA 75108
TA 4200
HRA 54624
DA Arre 22618
Total 890564
PF 2500
ST Deduction 16 A 50000
Gross Total Income 838064
80 C 150000
Gross Salary 688064
Limit Slap 500000
Taxable Income 188064
Rat Slap 20 % 37612
UP To 500000 Tax 12500
Taxable 50112
Educ ess 2004
Total Tax Accumalated 52116
Tds Paid 6000
Tax Payable 46116
Tax Descress Solution ?????????
08 January 2020
Above calculation is correct apart from above plan mediclaim policy and pension plan you can save some more tax
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