How much income tax will be deducted? 3.0 lacs per year package.?



My package is 3.0 lacs per year. Considering no investment from my side what shall be the
amount of income tax deducted.
My PF deduction is 1020 per month and conveyence is 5000 pm.
HRA 3400 pm.
and medical remn. is 1250 pm.
So how much should i invest so that there is no deduction.

How much income tax will be deducted? 3.0 lacs per year package.?
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3 Replies to “How much income tax will be deducted? 3.0 lacs per year package.?”

  1. hi

    Your income is Rs.3.00 lacs for the current year and you have no claim to make under section 80C.

    Thus your taxable income will be Rs.3.00 lacs.

    Tax on salary income will depend on your status as individual –

    i. As a senior citizen the tax will be Rs.6,180/- (10.3% on income above Rs.2,40,000
    ii. As a Women assessee the tax will be Rs.11,300/- (10.3% on income above Rs.1,90,000
    iii. Others the tax will be Rs.14,420/- (10.3% on income above Rs.1,60,000

    Good luck.


  2. for men tax exemption is upto 1.6lac – after that 10% tax from 1.6 to 3 lac

    so considering u get 3 lac per annum – u will be taxed for (3-1.6 lac) = 1.4 lac
    10% of 1.4 lac is 14000 – so if u dont invest on anythin u will loose 14000 per annum…

    But, i assume that u pay PF and ur company gives u travel allowance and all
    these amounts wont be taxed and it will be reduced frm ur annual pay for tax calculating…

    so if u give full detail of urs like PF, TA etc… it will be easy to say hw much u will taxed….






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