Hi,
I have some medical bills. In which section i can show the medical bill reimbursement?
Pankaj Arora
(Learner)
(3134 Points)
Replied 20 January 2011
You add medical bill reimbursement into your salary.
sowmya.s
(accountant)
(78 Points)
Replied 20 January 2011
Thanks Pankaj.
Kindly send me Good Tax Calculator excel. I Downloaded some tax calculator. which is not clear.
I will just explain you the salary structure and deductions of one of My friend.
Salary: Basic+HRA+Special Allowance+Food Coupons+Employee P.F.
Eg: Basic =12000
HRA = 4800
S.A =16000
F.C = 1100
EPF = 1440.
Tax Plan she had done like:
Medical Bills Reimbursement: 12000
Rent Paid: 3500
LIC Preimium Paid: 13000 PA
Health insurance Premium Paid- 200 PM
Donation -1600(50% apply)
Food Coupons also get expemption benifit.
EPF also.
The above are the details of salary structure & her investments. Kindy send me the tax calculator?
Pankaj Arora
(Learner)
(3134 Points)
Replied 20 January 2011
here it is...........
sowmya.s
(accountant)
(78 Points)
Replied 20 January 2011
Thanks Pankaj.
In the above tax calculator. PF is calculating on gross salary. but it should be on basic 12% Right?
Kindly check it out and let me know.
Thank you.
Pankaj Arora
(Learner)
(3134 Points)
Replied 20 January 2011
there is an opntion in ROW C that including PF. Please do Yes on Basic and No on others parts of salary.
sowmya.s
(accountant)
(78 Points)
Replied 20 January 2011
Thank you.
In the PF Coloum: what is OB, INT & CB? Some amount is calculating in that Column. what is that?
Pankaj Arora
(Learner)
(3134 Points)
Replied 20 January 2011
Opening balance , closing balance & interest
Anup Sharma
(Accountant & Gst consultant)
(33 Points)
Replied 09 June 2014
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