Just cut off your HRA, i.e., entitled to you, and PF, i.e., 12% of your basic for the year 2008-2009, from your CTC. If there are some medical allowances, then deduct them from your CTC.
After deducting all these from your CTC, you will get your CTC under tax. Then subtract 180,000 from the CTC under tax; you will get the amount on which you have to pay 10% tax. But I'm thinking you are not liable to pay tax.
Have a nice day.
Regards,
Experience.
From India, Delhi
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After deducting all these from your CTC, you will get your CTC under tax. Then subtract 180,000 from the CTC under tax; you will get the amount on which you have to pay 10% tax. But I'm thinking you are not liable to pay tax.
Have a nice day.
Regards,
Experience.
From India, Delhi
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Dear Gauri,
Thank you for the information. I have a query on UK Tax. Could you please help me out if you have information on the same? Basically, I am in HR and deploy people to the UK. I need to understand UK Taxation as we are starting a new concept in deputation.
I would appreciate your response.
Regards,
Sheetal Modak
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Thank you for the information. I have a query on UK Tax. Could you please help me out if you have information on the same? Basically, I am in HR and deploy people to the UK. I need to understand UK Taxation as we are starting a new concept in deputation.
I would appreciate your response.
Regards,
Sheetal Modak
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Hello Gauri, Thanx for slab information, its very important to all of them, tell me abt you.
From India, Pune
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From India, Pune
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thank you mam this information is really useful for me. i am looking tax slabs for 2008-2009 from pass 10 to 12 days now i got it from you thank you so much sourav gupta
From India, Delhi
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From India, Delhi
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Subject: Income Tax Calculation Request
Dear Sir/Madam,
I would appreciate it if you could kindly calculate the income tax for me based on the following particulars and email the details to me at jtochn609@bsnl.in:
MY GROSS SALARY: $414,029
TRANSPORT ALLOWANCE: $6,000
PROF TAX: $1,200
SAVINGS UNDER VIA: $100,000
HOUSING LOAN INTEREST: $56,000
Thank you for your assistance.
Warm regards,
Kalidas
From India, Pune
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Dear Sir/Madam,
I would appreciate it if you could kindly calculate the income tax for me based on the following particulars and email the details to me at jtochn609@bsnl.in:
MY GROSS SALARY: $414,029
TRANSPORT ALLOWANCE: $6,000
PROF TAX: $1,200
SAVINGS UNDER VIA: $100,000
HOUSING LOAN INTEREST: $56,000
Thank you for your assistance.
Warm regards,
Kalidas
From India, Pune
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Can you please help me out in preparing form 16 for the staff. We have 14 staff with a salary range of 4,000 to 77,000 & how that people save tds on their salary
From India, Ludhiana
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From India, Ludhiana
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Can you please help me out in preparing form 16 for the staff. We have 14 staff with a salary range of 4,000 to 77,000.
From India, Ludhiana
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From India, Ludhiana
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Dear Gauri,
Really good post. I'm also very keen on income tax. Other than that, I do very well, hahahha. But please tell me, if I earn Rs. 17,000/- per month (Rs. 17,000 x 12 = Rs. 204,000), and I have an insurance policy (Rs. 6,000 per six months), I have to pay Rs. 19,200 to the income tax department. You can send me an email at sandesh2tej@gmail.com. Anybody can reply to me, please. I want to save on my taxes. How can I do that?
Note: I live in Delhi.
Sandesh
From India, Delhi
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Really good post. I'm also very keen on income tax. Other than that, I do very well, hahahha. But please tell me, if I earn Rs. 17,000/- per month (Rs. 17,000 x 12 = Rs. 204,000), and I have an insurance policy (Rs. 6,000 per six months), I have to pay Rs. 19,200 to the income tax department. You can send me an email at sandesh2tej@gmail.com. Anybody can reply to me, please. I want to save on my taxes. How can I do that?
Note: I live in Delhi.
Sandesh
From India, Delhi
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Dear Team, I want to study on Uk/US payroll, kindly help me if one know any ref. from where i can have knoweldge about this. Regards Sachin
From India, Delhi
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From India, Delhi
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Income tax and form 16.xls