calculate the taxable income under salary head

Tax queries 1026 views 1 replies
User Avatar

STUDENT CS
377 Points Joined February 2010

 

my freind salary detail is mentioned below during the financial year   2009-10

 

& he is living in ludhiana  
 
 
                                               Amount
CCA                                              5333
CONV                                            7737
ERN_BASIC                                  95166
FIX_ALL                                        2381
HMA                                              7987
HRA                                               28555
SPL_ALL                                         5761
VALL                                               5333
BONUS 2008-09                             6258
LWW                                              3988
 
TOTAL AMOUNT                          168499
 
 
& his contribution to PF is   11416/-
 
what is the taxable income ?
 
 

Reply Share Follow
On 31 July 2010 at 11:08 Report
Replies (1)
User Avatar

Service
34 Points Joined June 2008

Kindly clarify the following terms

FIX_ALL

HMA

VALL

LWW

 

Also let me know the amount of rent he is paying against the HRA, since it would be required to calculate HRA exempt.

However, all the calculations would be made by the employer at year end and deduct TDS equal to the tax liability

Reply
On 22 October 2010 at 13:45


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading