If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.?



If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.
What is the taxable income of the employee?

If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.?
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One Reply to “If the basic salary of an employee is Rs. 30000 and allowances are Rs. 18,000.?”

  1. If your basic pay+allowance=48000/-per month and if you have no savings in LIC, mutual funds, EPF, PPF and no Housing loans, the taxable income will be Rs.576000/- @ 30% tax you have to pay Rs.172800/- in a financial year.





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