Taxable income calculation
This query is : Open
01 February 2024
How much is the taxable income for the fy 23-24 in the following case
Individual
Less than 60 yrs
Salaried class-old regime
Income from salary-400000 (from employer 1)
Income from salary -300000 (from employer 2)
80 c-150000
Standard deduction-50000
Gratuity received during the year from employer 1-50000
Individual
Less than 60 yrs
Salaried class-old regime
Income from salary-400000 (from employer 1)
Income from salary -300000 (from employer 2)
80 c-150000
Standard deduction-50000
Gratuity received during the year from employer 1-50000
02 February 2024
Whether you are government employee or private
02 February 2024
Is there any difference in the calculation of taxable income for a govt emoloyee and a pvt employee ?
Pvt employee-what is the taxable income
Govt employee-what is the taxable income
Pvt employee-what is the taxable income
Govt employee-what is the taxable income
02 February 2024
Yes in case of gratuity it differs for both.
02 February 2024
Ok
Then in the above mentioned case ,what is the taxable income if he/she is a pvt employee and what is the taxable income if he /she is a govt employee ?
Then in the above mentioned case ,what is the taxable income if he/she is a pvt employee and what is the taxable income if he /she is a govt employee ?
02 February 2024
https://cleartax.in/s/income-tax-exemption-on-gratuity Check gratuity calculation in case of private employee
02 February 2024
Income is 5 lakhs in case of government employee
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