saivarma (articles assistant) (127 Points)
10 February 2011Basic 12,285
HRA 4914
Coneveyance 800
Special Allowance 5321
medical Allowance 1250
Gross Salary 24750
Professional Tax 200
So i am paying 10000, and 15000 insuranse i,e 25000 under 80c
rebt paying 7000 per month , residence at hyderbad
can any one say how much is my taxable income.
i want to pay donation to charitable trust and how much i can donate to claim excemption and to which trust i can pay .please give me reply
mukesh jha
(Mgr Finance )
(38 Points)
Replied 25 March 2013
Hi,
Please find ur tax calculation
| Your Gross Taxable Income | 294,840.00 | |||||||||||||||||||||||||||||||||||||||||||
| Less: Deducation U/S 10 | 68,568.00 | |||||||||||||||||||||||||||||||||||||||||||
| Income from Salary | 226,272.00 | |||||||||||||||||||||||||||||||||||||||||||
| Any other Income | - | |||||||||||||||||||||||||||||||||||||||||||
| Gross Taxable Income | 226,272.00 | |||||||||||||||||||||||||||||||||||||||||||
| Deduction u/chapter -VI-A (Savings) | 25,000.00 | |||||||||||||||||||||||||||||||||||||||||||
| Net Taxable Salary | 201,272.00 | |||||||||||||||||||||||||||||||||||||||||||
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Tax Nil
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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