salary tax calculation
Querist : Anonymous
Basic Salary- 4200 pm
HRA- 2000 pm
Flying Allowance- 10000 pm
Modeling Allowance-5000pm
effeciency Allowances-2000pm
what will be her tax and how can she save maximum tax
conditions are applied till now no 80G,C,D,E and no home loan
I have done a roughly calculation on the basis of above data and calculated that the total taxable income of above assess shall be Rs. 253392/- and tax on above shall be Rs.6529/-
I assumed that she had paid Rs. 2000 p.m. as rent and she has a deduction for EPF.
for reduction of tax she can invest in 80C investment up to Rs. 64000/-.
With Regards,
Querist : Anonymous
Querist : Anonymous
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