Could you please help me with below. What can be the in-hand salary

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What will be my in-hand salary for the below salary breakup ?

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Hi fishes,

Can someone please tell what could be in hand salary for this compensation??

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What will be my inhand salary and tax deduction on this?

Annually (A):
Basic: 400000
HRA: 160000
Conveyance: 19200
Medical: 15000
Fuel: 10800
Telephone: 12000
LTA: 48920
Other Allowance: 312480
Total Earnings: 1000000

Deductions (B):
PF: 43200
Professional Tax: 2400
Insurance: 10800

Net Pay (A-B): 943600
Tax deduction will be done monthly.

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What will be my in-hand salary?
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Please help me calculate the total in-hand salary.

Kindly suggest some tax saving schemes as well.

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Hi guys,
Can anyone tell what will be the in hand calculation for this salary

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What's your choice?🤔

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helpfulfunnyupliftingsmartlike
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Hey everyone !

Need help to understand this.

Components:
Basic: 10,00,000
HRA: 6,00,000

HRA excemption Calc:
1. Provided by Company: 6,00,000
2. 40% of Basic: 4,00,000
3. Rent - 10% of Basic: Rent- 1,00,000

For tax exception, min of these will be considered.

Ques: Can I claim my entire HRA exemption of 4,00,000 (as per option 2) by showing annual rent of 5,00,000 ?
P.S.- I am staying at home with my parents and I can transfer the rent to my parents.

Thanks in advance.

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What would be the in-hand salary?

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