I have attached my Salary Slip. I'm studying it to know the taxable income details. I could not understand how other allowance taxable income is calculated and some amount is exempted for other allowance. Help me to understand the highlighted components in the attachment.
From India, Pune
From India, Pune
What is your basic pay? This statement pertains to which month. Give break down of monthly pay,HRA etc, then it will be easier to explain.
From India, Pune
3131From India, Pune
Hi Nathrao, The details you have asked for is attached to my previous post. This is for the month of August which is the first month for me in this organization.
From India, Pune
From India, Pune
https://www.bankbazaar.com/tax/taxab...dividuals.html
I have perused your pay slip and computation of taxable income.
Allowance being taxed are HRA(partly subject to conditions),other allowances.
Kindly refer above link for understanding and planning your taxes.
Scope to make tax burden lesser includes increase your PF subscription which is easiest and safest investment.
From India, Pune
I have perused your pay slip and computation of taxable income.
Allowance being taxed are HRA(partly subject to conditions),other allowances.
Kindly refer above link for understanding and planning your taxes.
Scope to make tax burden lesser includes increase your PF subscription which is easiest and safest investment.
From India, Pune
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Income from Salary.doc
SALARY CALCULATOR & INCOME TAX.zip