( All figures in Rs. )
An employee gets monthly basic salary of 17670, HRA per month 8835, PF per month (Employer's contribution) 2120, Reimbursable flexible benefit 186500 per annum.
Monthly income tax on above of 2333 and professional tax of Rs. 200 per month gets deducted from his salary.
His bank account gets credited by 37394 per month after above deduction.
Can you show the working on computation of 2333 above ? ( on a friendly note, take it as a challenge if you are tax prone. All the best! )
CAclubindia
