Income tax on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2016
Kindly help me to calculate income tax on salary
Salary-Rs.159928
Leave encashment-301770
arrears-624153
pli-24791
pension 291402
Total-1402044
deductions
transport allowance 1600,professionaltax-1250, leave encashment 300000, 80c-150000, mediclaim15000 (total deduction 502586) tds-109562. I don't know how to calculate tax and where to show the tax on deductions like transport allowance,prof tax,leave encashment. Is it in 89(1) relief. what will be the relief under 89(1).is there a refund of Rs.6670?
Kindly help me
Thank in advance.
Salary-Rs.159928
Leave encashment-301770
arrears-624153
pli-24791
pension 291402
Total-1402044
deductions
transport allowance 1600,professionaltax-1250, leave encashment 300000, 80c-150000, mediclaim15000 (total deduction 502586) tds-109562. I don't know how to calculate tax and where to show the tax on deductions like transport allowance,prof tax,leave encashment. Is it in 89(1) relief. what will be the relief under 89(1).is there a refund of Rs.6670?
Kindly help me
Thank in advance.
04 August 2016
Relief U/S 89(1) will be determined after filling Form 10 E.Better you ask your previous employer to get everything you want to do & get Form 16 & file return on that basis.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
