02 April 2010
MY SALARY DETAIL IS AS FOLLOWS BASIC SALARY 18000 CONVEYANCE ALLOWANCE 2000 MY TAXABLE SALARY IS 240000 NOW SIR PLEASE TELL ME WHAT IS MY TAXABLE INCOME.AS PAR MY KNOWLADGE THE NEW SLAB RATE AFTER BUDJET(AY. 10-11)160000 UPTO 500000 10%. SO SIR PLEASE TELL ME WHAT IS MY TAXABLE INCOME.AS PAR MY KNOWLADGE THE CALCULATION OF MY TAXABLE SALARY IS MAY BE BASIC SALARY 18000(18000*12)216000 CONVEYANCE ALLOWANCE 2000(2000*12)24000 CONVEYANCE ALLOWENCE DEDUCTION IS 800 PER MONTH. 24000-9600 -14400 NET SALARY 216000+14400-230400 160000 UPTO NIL THAN BALANCE AMT. 70400 SO MY TAX 70400*10/100- 7040 SIR IF MY CALCULATION IS WRONG SO SIR PLEASE TELL ME WITH EXAMPLE .PLEASE CLEAR MY DOUBT ABOUT CONVEYANCE ALLOWANCE LIMIT THANKS IN ADVANCE.
CAclubindia
