Income tax calculation for the Salaried
Income from salary is the sum of Basic salary + HRA +
Special Allowance + Transport Allowance + any other allowance. Some
components of your salary are exempt from tax, such as medical
reimbursements, telephone bills reimbursement.
If you receive HRA and live on rent, you can claim
exemption on HRA. Calculate exempt portion of HRA, by using this HRA Calculator.
Transport...
