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salary - Basic allowance

STARK (Student) (162 Points)

08 January 2019

What is the basic allowance in salary person?

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12 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 January 2019

Standard deduction and HRA if you receive , LTA, etc. depends on what is inclusive of salary

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STARK (Student) (162 Points)
Replied 08 January 2019

actualy mujhe only basic allwance janna hai joo salary allwanance me milta hai eg. BASIC allowance + DA+HRA etc... too muje only basic allowance kaise calculate krte hai oo jana hai..?

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 January 2019

There are different formulas to calculate exemption of different allowances

STARK (Student) (162 Points)
Replied 08 January 2019

Soo u can give the formula of baisc allowance

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 January 2019

There are many allowances not possible to provide list.

You tell me whats your salary component will help with the same

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STARK (Student) (162 Points)
Replied 08 January 2019

Eg. Ke liye aap smjhiye
Salary 19,000

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 January 2019

kya kya components hai iss 19,000/- me?

i mean basic kitna DA kitna?

STARK (Student) (162 Points)
Replied 08 January 2019

Only basic salary 19,000
DA
HRA
CONVENYANC ALL
SPEACIL ALL.

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 08 January 2019

DA & conveyance is fully taxable. HRA is exempt based on a formula and standard deduction of 40,000/- is available

STARK (Student) (162 Points)
Replied 08 January 2019

mera bolne ka mtlb hai ager mera basic salary 19,000/-pm hai to mujhe kaise pta chalegga ki mera HRA, conveyance allowances, city compensatory allowance, special allowances, etc. ... Koi rate hai yaa formula .....? muje janna hai kaise calculate hota hai allwance..?