Dear All, Can anybody tells a salary breakup (Basic+HRA+Another Allowances) of Rs. 24,000/- in which we can get more exemptions or deductions from TAX and can nil the whole tax payable without the deduction of PF.
From India, Solan
2From India, Solan
Dear Arti, Please refer the attached file. I believe it will answer all your queries. For any other clarification feel free to write or disucss.
From India, Mumbai
From India, Mumbai
Dear Tapas, Inspite of writing you can use the appreciate option. It will avoid uncessary postings.
From India, Mumbai
From India, Mumbai
Hi! Arti,
Let us have Basic of Rs. 7000/-( for PF Exemption), HRA 40% of Basic Rs. 2800/- (Tax free subject to conditions),
Rs. 1300/- by Food Plus Card , Rs. 1250/- Medical Reimbursement, Rs. 800/- Conveyance exp (all 3 Tax Free). Rest is Special Allowance Rs. 10,850/-.
In this Taxable income would be Rs. 2,14,200/- which will attract NO TDS, if we avail 80C.
Let us have Basic of Rs. 7000/-( for PF Exemption), HRA 40% of Basic Rs. 2800/- (Tax free subject to conditions),
Rs. 1300/- by Food Plus Card , Rs. 1250/- Medical Reimbursement, Rs. 800/- Conveyance exp (all 3 Tax Free). Rest is Special Allowance Rs. 10,850/-.
In this Taxable income would be Rs. 2,14,200/- which will attract NO TDS, if we avail 80C.
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Typical salary breakup.jpg
Salary breakup format.xls