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Could you please any one provide me below details for Salary income calculations that would be great help
1) What are the latest updated exemptions for Salary income calculations
2) How to calculate salary income example
From India , Hyderabad
Hiiii, exemption limit for male is 180000/- for female is 190000/- senior citizen 250000/- tax rates 180000-500000 10% 500001-800000 20% 800001-above 30% total yearly ctc is taken as income.
From India , Mumbai
can you help me to calculate Income Tax, Salary Income : 290000/- P.A Profession Tax: 2345/- p.a LIC: 26750/- HOUSE RENT allowance :8900/- pERSONAL lOAN ;120000/- WHERE INTEREST :3490/-
From India , Delhi
salary 290000
Less: Professional tax 2345
Taxable salary 287655.
HRA Rs.8900/- (incomplete information)
personal loan interest will not come under deduction
Taxable Rs.287655
Less: Rs.250000
Taxable Rs.37655
Tax @10% Rs.3766.
From India, Hyderabad
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