If someone salary is 14000 and mobile allowances are 3000 p/m then is it comes under income tax or taxable for female employee?
From India, Ghaziabad
Acknowledge(0)
Amend(0)
1From India, Ghaziabad
Acknowledge(0)Amend(0)
Hi If the total salary for any employee is even 20,000/- then there is no tax. If the total wages is above 20,000/- then you have to plan well to design salary structure.
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
As per your query, I have one query. Is it reimbursement or an allowance? If it is an allowance, it will be considered as part of the salary and is taxable. If it is reimbursement, it can be exempted from taxation.
Now, coming to your main query for this example, if the salary is 14000/- and 3000/- is mobile allowance, then the total earnings per month are 17000/- and 204000/- per year, making him out of the scope of tax.
As per the 2016-17 Budget, up to an income of 250000/-, the tax is nil. Under Section 87A, if an individual is earning less than 500000/-, they are eligible for a rebate of 2000/- on the net payable amount of tax.
From India, Ahmadabad
Acknowledge(0)Amend(0)
Now, coming to your main query for this example, if the salary is 14000/- and 3000/- is mobile allowance, then the total earnings per month are 17000/- and 204000/- per year, making him out of the scope of tax.
As per the 2016-17 Budget, up to an income of 250000/-, the tax is nil. Under Section 87A, if an individual is earning less than 500000/-, they are eligible for a rebate of 2000/- on the net payable amount of tax.
From India, Ahmadabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
SALARY CALCULATOR & INCOME TAX.zip
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x