Salary certificate
This query is : Resolved
15 July 2014
Mr x is working in private company and annual salary ofrs 220000.00 fy 2013-14 and he has paid lic rs.20000.00. Net salary 200000.00
salary certificate form 16 issue for how much amount and lic should be shown in certificate
Kindly reply urgently
salary certificate form 16 issue for how much amount and lic should be shown in certificate
Kindly reply urgently
15 July 2014
Hi Seeta,
Show
Gross salary Rs.2,20,000/-
Less : Allowances to the extent exempt u/s 10
i.e. conveyance allowance, education allowance etc.
Then deduct professional tax
From the resulting figure deduct deduction under chapter VI-A
i.e. LIC, mediclaim, providend fund etc.
Regards,
Devanand
Show
Gross salary Rs.2,20,000/-
Less : Allowances to the extent exempt u/s 10
i.e. conveyance allowance, education allowance etc.
Then deduct professional tax
From the resulting figure deduct deduction under chapter VI-A
i.e. LIC, mediclaim, providend fund etc.
Regards,
Devanand
16 July 2014
total salary - exemption u/.s 10 if any
after that deduction under chapter VI-A will be deducted and then balance will be net salary.
after that deduction under chapter VI-A will be deducted and then balance will be net salary.
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