sir, i am male nurse.is there any provision of rebate for nurses in calcution of income tax.my particulars are as below; BASIC SALARY 120000 NURSING ALLOWANCE 19200 WASHING ALLOWANCE 1800 UNIFORM ALLOWANCE 3000 NATIONAL HOLIDAY ALLOWANCE 1400 TRAVELLING ALLOWANCE 9300 TOTAL ANNUAL INCOME 154700 DEDUCTION FOR NEW PENSION SCHEME 12000
SO PLEASE SIR TELL ME HOW MUCH TAX I HAVE TO PAY. HOW CAN I SAVE MY INCOME TAX. PLEASE REPLY SIR
RE:calculation of income tax
by hksrikanth on Mar 05, 2007 09:36 AM Permalink
Hi The tax calculation is simple Upto 1010000 -> There is no tax for next 40000 -> 4000 @ 10% Education cess @ 2% on the taxable amount
Your Travelling Allowance is not taxable. HRA is not taxable if you submit ur house rent receipts
RE:RE:RE:calculation of income tax
by Amitabh on Mar 06, 2007 02:19 AM Permalink
Pl note that the limit of Rs 1,10,000 will be applicable from assessment year 2008-09(previous year 2007-08).for previous year 2006-07 it will be Rs 1,00,000 only.
RE:calculation of income tax
by tabrez mulla on Mar 05, 2007 08:25 AM Permalink
you can save tax by investing in good schmes for that contact to Mr.Tabrez Mulla mob:9343843720 and mail id :sync_rock@rediffmail.com
RE:calculation of income tax
by venkatramana d on Mar 05, 2007 02:05 AM Permalink
Dear Mr. Sharma,
I am a financial advisor based in Andhra Pradesh. May I please know your contact number or preferable your contact number so that the query you have raised can be solved. My email is venkatramana15@gmail.com.
