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Taxable income calculation


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






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


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 ?

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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