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Taxable income from my salary slip

21 January 2018

I'm trying to understand my salary slip so that i could know the taxable income. I could not understand the below highlighted "Other allowance". Could anybody help me to know, how is it calculated? Below inserted image is the first salary slip of mine (Aug)

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3 Replies

JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
Replied 21 January 2018

The salary slip fixed by your HR department., what are the expenses is mentined in Salary slip its taxable ., relating to Reason and breakup better you can discuss with HR may be that is fixed by your companay management.

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C R RADHAKRISHNAN (ACCOUNTANT) (210 Points)
Replied 22 January 2018

what is NPS, WHO CAN INVEST IN NPS AND NOW RS.1,50,000/= DEDUCTION ALLOWED U/S 80C. IF WE ALREADY INVESTED IN PPF 150000/= AND NOW 50000 INVESTMENT IN NPS CAN WE AVAIL RS.200000/= AS DEDUCTIONS.