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Income tax
Sir,
I want to know my income tax calculation :-
Basic 4400
DA:5500
CONVE:2000
HRA;3600
CHILD ALLOW:200
CHILD HOSTEL ALLOW:600
UNIF ALLOW:500
OTHERS :4200
TOTAL:21000.00 +commission 8000.00 (avg)
Can you help me to calculate my Income Tax payable amount.
Replies (13)
Basic - fully taxable
DA- fully taxable
HRA- Fully Taxable( assumed no rent paid)
CONVE- FULLY EXEMPT of spend.
CHILDREN EDUCATION ALLOWANCES- 100 PM PER child for maximum 2 children exempt us 10 (14)
Hostel ALLOWANCES- 300 per child.
DA- fully taxable
HRA- Fully Taxable( assumed no rent paid)
CONVE- FULLY EXEMPT of spend.
CHILDREN EDUCATION ALLOWANCES- 100 PM PER child for maximum 2 children exempt us 10 (14)
Hostel ALLOWANCES- 300 per child.
Hence your Taxable salary shall be Rs 26, 200/- pm.
Since your income is above basic exemption limits you need to compulsory file your income tax return.
Also your TDS already be deducted by your employer( assumed no deduction us 80-c).
Also your TDS already be deducted by your employer( assumed no deduction us 80-c).
ACTUALLY AM PAYING RENT 12500.00 BUT THE RENT OWNER IS NOT WILLING TO GIVE HIS PAN.WHAT CAN I DO ?
Deduct his tds at 20% and pay him only Rs. 10,000. He will give pan of his entire family.
HOW CAN I DEDUCT HIS TDS FROM RENT.WHAT IS THE PROCEDURE ?
AM A INDIVIDUAL THEN HOW CAN I DEDUCT HIS TDS FROM RENT....PLS HELP ME...
Don't you worry he will never let you deduct his tds. You just give him a warning to provide pan and tell him next rent payment would only be of Rs. 10,000.
He will give his pan number.
MY WIFW IS PAYING RENT BUT SHE IS NOT WORKING, SHALL I DEDUCT HER RENT FROM MY INCOME TAX LIABILITY.
Send your details to email
solutionstop7 @ gmail.com
solutionstop7 @ gmail.com
okkk
Don't disclose these details on public platform
i had sent you the details pls check...
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