calculation, Income Tax

[rajeev khulbe]

gud afternoon to all experts,

                                                           sir i have a query abt. income tax calculation. my brother salary is 20 thousand. this is salary structure of my brother salary.

basic salary -                     12822

hra (40 % salary)-              5128

transport allowance           800

madical remburisement   1250

tottal salary                           20000

this is salary detail from april "11 to sep"11 

but sir suddenly my brother salary increased 2000 ( 20000+2000=22000) from october"11

 

salary structure

basic salary -                    14251

hra (40 % salary)-              5699

transport allowance           800

madical remburisement   1250

tottal salary                           20000

 

than plz tell me that how i will calculate tax from oct"11 to march"12 and sir what will be my total tax liablity in f.y "11-12. plz reply this is very  urgent for me. my email id is khulbe.rajeev50@gmail.com

Posts / Replies

[Saji John]

Dear Mr Rajeev

 

Calculate the Salary for the year i.e. Basic Salary 12822 x 6, 14251 x 6 = 162438, likewise for HRA, if your brother is paying the rent then calculate accordingly, Transport Allowance is not taxable upto Rs. 9600/- p.a. same with Medical Reimbursement is non taxable if the bills are submitted upto Rs. 15,000/- p.a.

Thanks & Regards

Saji