10-18-2010, 07:03 PM
if salary break up is like that,
Basic Salary 25000
House Rent Allo 5000
Medical 6000
Conveyance 300
--------
36, 300
========
to Aap Medical allowance ka treatment is tarah kraen ge,
Basic Salary (25000*12) 300,000
H.Rent All (5000*12) 60,000
Medical (6000*12) 36000
Exempt of 10% of basic salary (30000) 6000
Conveyance (300*12) 3600
-----------
369,600
===========
This is your taxable income, clear?
Basic Salary 25000
House Rent Allo 5000
Medical 6000
Conveyance 300
--------
36, 300
========
to Aap Medical allowance ka treatment is tarah kraen ge,
Basic Salary (25000*12) 300,000
H.Rent All (5000*12) 60,000
Medical (6000*12) 36000
Exempt of 10% of basic salary (30000) 6000
Conveyance (300*12) 3600
-----------
369,600
===========
This is your taxable income, clear?