calculation

[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 [email protected]

AI Summary

Guide to Calculating Income Tax: Salary, HRA, Transport Allowance, and Medical Reimbursement Explained A forum participant inquired about calculating income tax for their brother, whose salary increased from 20,000 to 22,000 in October 2011. The salary components included basic salary, HRA, transport allowance, and medical reimbursement. The respondent advised calculating the annual salary by multiplying the monthly basic salary and HRA by six months each for the respective periods. They also noted that transport allowance is non-taxable up to 9,600 annually and medical reimbursement is non-taxable if bills up to 15,000 are submitted.