Taxable Income

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Taxable Income

LapTop
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#2

02-08-2010, 07:48 PM

Add Basic salary Rs.200000 Per annum

Add Bonus 2 months basics= 33,333/=

Add House subsidy Rs.45000 per month= 45000X12= 540000/=

Add Conveyance allowance Rs.60000 per annum

Add Medical allowance Rs.5000 per month= 5000X12= 60000/=

Less Exempt Medical Allowance = 20,000/-

Total Taxable Income for the yea = 8,73,333/=
Tax Rate = 7.5
Tax Payable = 65,500

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Taxable Income - by skystar - 02-07-2010, 11:23 PM

[No subject] - by LapTop - 02-08-2010, 07:48 PM

[No subject] - by LapTop - 02-08-2010, 07:51 PM