my freind salary detail is mentioned below during the financial year 2009-10
SUNNY (STUDENT CS) (377 Points)
30 July 2010my freind salary detail is mentioned below during the financial year 2009-10
CA Sumit Arora
(CA)
(1411 Points)
Replied 30 July 2010
Your Taxable Salary is Rs. 109417.
In this way it is calculated.
Gross Salary Rs. 168499/-
Less: Conveyance Allowance Rs. 9600
Less. HRA Rs. 28555
Net Salary Rs. 120833
Less: Deductions u/s 80C Rs. 11416
Taxable Salary Rs. 109417
We have assumed that he pays Rs. 5000 PM as rent and the HRA benefit has given accordingly.
We have assumed that there is no additional income.
CA ESHAN CHAKRAWARTI
(job)
(101 Points)
Replied 02 August 2010
i agree with sumit and his assumptions.
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies