sir,
I RAMANJANEYA WORKING AT ASNSOL,I WANT TO KNOW HOW MUCH WILL BE EXEMPTED FROM PAYING TAX .MY PAY AS BELOW..
TOTAL SALARY INCOME---2,35,490
HRA=a ----20,776
PAY ELIGIBLE FOR HRA REBATE =B-- RS 0
RENT PAID -(10% SALARY)=C-- RS 0
LEAST OF A, B,C FOR EXMPT.-- RS 0
GROSS INCOME (LESS HRA EXEMP. IF ANY) -- RS 2,35,490
PROFESSIONAL TAX UNDER SECT .16(iii)---RS 900
TOTAL INCOME FROM PAYROLL---RS 2,34,590
OTHER INCOME --RS 0
TOTAL INCOME FROM ALL SOURCES---RS 2,34,290
HBA INTEREST UNDER SECTION 24(1) -- RS 0
DONATION UNDER SECTION 80G---RS 300
MEDICLAIM PARENTS UNDER SECTION 80D-- RS 0
PROVIDENT FUND /NPS--RS 18475
GROUP INSURANCE --RS 330
NSC INT. REINVESTED /OTH .INTEREST---RS 0
TUTION FEES --RS 0
INFRASTRUCTURE INVESTMENTS. --RS 0
TOTAL DEDUCTIONS U/S 80CCG-- RS 0
DEDUCTION UNDER 80--18805
TAXABLE INCOME (ROUNDED TO NEAREST RS .10) ---2,15,490
GROSS TAX ---1549
SURCHARGE (10%)EDUCATIONAL CESS @3%)---RS 0
INCOME TAX PAID --RS 5500
RELIEF U/S 89(1)--RS 0
NET TAX PAYABLE-- RS -5500
TRANSPORTALLOWANCE EXEMPTION U/S 10(14) --- R S 4960
TAX CREDIT ---RS 1549
SIR PLS FOLLOW UP THIS AND HELP ME IN EXEMPTINGFROM TAX ..AND EVEN AM LIVING AT RENT HOUSE..