Regarding salary
This query is : Open
06 May 2016
FOLLOWING SALARY BREAK UP IS MADE FOR A PVT SALARIED EMPLOYEE FOR A.Y 2016-2017 -
YEARLY INCOME BASIC 168000
HRA 67200
TRANSPORT ALLOW 48000
EDUCATION ALLOWANCES 12000
HOSTEL ALLOWANCES 24000
OVERTIME ALLOWANCES 16800
total 336000
PLS EXPLAIN IN DETAIL IS THERE NIL TAX PAYABLE ON THAT INCOME.
YEARLY INCOME BASIC 168000
HRA 67200
TRANSPORT ALLOW 48000
EDUCATION ALLOWANCES 12000
HOSTEL ALLOWANCES 24000
OVERTIME ALLOWANCES 16800
total 336000
PLS EXPLAIN IN DETAIL IS THERE NIL TAX PAYABLE ON THAT INCOME.
07 May 2016
Particulars Amount
Total CTC 336000
Less
HRA (Assuming no Home) 67200
Conveyance 19200
Medical 25000
Taxable Income 224600
(Assuming no other Income)
Tax Payable Nil
(Since Net income is below exemption limit)
Total CTC 336000
Less
HRA (Assuming no Home) 67200
Conveyance 19200
Medical 25000
Taxable Income 224600
(Assuming no other Income)
Tax Payable Nil
(Since Net income is below exemption limit)
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