https://www.taxtmi.com/forum/issue?id=4024 Prorate salary components across periods before and after a mid-year increase (e.g., multiply each basic salary by months at that rate) and annualise HRA and allowances. HRA taxability depends on rent paid and must be calculated for each period. Transport allowance enjoys a non-taxable ceiling per annum; medical reimbursement is non-taxable if supported by bills and within the annual exempt limit. Aggregate the annualised taxable components after applying these exemptions to determine total taxable salary for the year. en-us Thu, 12 Apr 2012 16:22:02 +0530 Thu, 23 Jan 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4024 Prorate salary components across periods before and after a mid-year increase (e.g., multiply each basic salary by months at that rate) and annualise HRA and allowances. HRA taxability depends on rent paid and must be calculated for each period. Transport allowance enjoys a non-taxable ceiling per annum; medical reimbursement is non-taxable if supported by bills and within the annual exempt limit. Aggregate the annualised taxable components after applying these exemptions to determine total taxable salary for the year. Discussion-Forum Income Tax Thu, 12 Apr 2012 16:22:02 +0530 https://www.taxtmi.com/forum/issue?id=4024