Respected sir,
please provide my salary income tax calculation.
I have earn Rs-36500 per monthly salary please provide the income tax calculation above salary.
Basic salary- 14100
house rent allowance- 4000
outstation allowance- 6050
special allowance 5150
grade allowance 4500
medical allowance 1500
education allowance 1200
total gross salary-36500
From United States, Chicago
please provide my salary income tax calculation.
I have earn Rs-36500 per monthly salary please provide the income tax calculation above salary.
Basic salary- 14100
house rent allowance- 4000
outstation allowance- 6050
special allowance 5150
grade allowance 4500
medical allowance 1500
education allowance 1200
total gross salary-36500
From United States, Chicago
80
In the above posting no details on deductions and savings incorporated.
As per an annual income of 36500x12 = Rs. 4,38,000, details of tax affected are
Upto 200000, no tax applicable. For balance 238000, Income tax = 23800.
Cess @ 3%, 23800x3% = 714
Total Income Tax = 23800+714 =24514
Abbas.P.S
From India, Bangalore
As per an annual income of 36500x12 = Rs. 4,38,000, details of tax affected are
Upto 200000, no tax applicable. For balance 238000, Income tax = 23800.
Cess @ 3%, 23800x3% = 714
Total Income Tax = 23800+714 =24514
Abbas.P.S
From India, Bangalore
Dear Abbas
Please gothrough the attachment. There are few componants where an employee gets the income but he will be using it which is a tax exemption and tax will be calculated on net income which is nothing but deductions.
Eg: Medical reimburssement 1250 * 12 = 15000; Convayance 800 * 12 = 7200; HRA 40 % on Basic or as per City restrictions, Children Tution fee, Professional tax 200 * 12 = 2400, PF Employee deduction if you minus all these from gross then net Income will come in that deduct 100000 savings, 200000 Govt Exemption, then you will get taxable income.
Regards
Karthik
From India, Vijayawada
Please gothrough the attachment. There are few componants where an employee gets the income but he will be using it which is a tax exemption and tax will be calculated on net income which is nothing but deductions.
Eg: Medical reimburssement 1250 * 12 = 15000; Convayance 800 * 12 = 7200; HRA 40 % on Basic or as per City restrictions, Children Tution fee, Professional tax 200 * 12 = 2400, PF Employee deduction if you minus all these from gross then net Income will come in that deduct 100000 savings, 200000 Govt Exemption, then you will get taxable income.
Regards
Karthik
From India, Vijayawada
Yes, I agree with you that there are some deductions admissible. But as it is not provided, we cannot account it as vague. Abbas.P.S
From India, Bangalore
From India, Bangalore
Hi,
Below is my salary structure, Can anyone pls calculate TDS with the below details,
Details are per annum
BASIC SALARY 94,104.00
BONUS RECURRING 3,504.00
CONVEYANCE 9,600.00
HOUSE RENT ALLOWANCE 37,644.00
MEDICAL ALLOWANCE 15,000.00
SPECIAL ALLOWANCE 153,840.00
PROFESSIONAL TAX 200.00
PROVIDENT FUND 941.00 ( Per Month)
i just need to know how much will be payable tax & pls suggest me to avoid deductions.
Thanks
Kumar
From United States, Milpitas
Below is my salary structure, Can anyone pls calculate TDS with the below details,
Details are per annum
BASIC SALARY 94,104.00
BONUS RECURRING 3,504.00
CONVEYANCE 9,600.00
HOUSE RENT ALLOWANCE 37,644.00
MEDICAL ALLOWANCE 15,000.00
SPECIAL ALLOWANCE 153,840.00
PROFESSIONAL TAX 200.00
PROVIDENT FUND 941.00 ( Per Month)
i just need to know how much will be payable tax & pls suggest me to avoid deductions.
Thanks
Kumar
From United States, Milpitas
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SALARY SHEET CALCULATION.xls