Salary Structure

sandipan 1
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Our Salary Structure Composes of: BASIC- HRA- CONVEYANCE-800/pm for all employees PROF.DEVELOPMENT ALLOWANCE-1250/pm for all employees SPECIAL ALLOWANCE- MEDICAL ALLOWANCE-1250/pm for all employees

Your Tax Calculator excel sheet does not have any professional development allowance, so where do i put this component to be true to the tax department and also compute I.TAX correctly?

DA is not a component of salary for best known reason of to increase the HRA exemption component and thus reduce tax burden.

SPECIAL ALLOWANCE i have included in GRADE/SPECIAL ALLOWANCE. Is there any separate tax calculator?

Kindly Advise.

Regards

professional-development special-allowance salary-distribution salary-structure income-tax-calculator

Please don't use all capital letter in question and subject. This is a must requirement for your question to be answered.

Pankaj Batra•
1 Answers

For now, you can use periodical journals field to put value for professional development allowance. We would add separate fields for prof. development allowance soon.

Special allowance does already have field for it in the name of Grade/Special/Management/Supplemementary Allowance.

Pankaj Batra5212

sir is the new escel with professional development allowance ready?may i receive it, it will help me in calculating tax for all employees..pls help

sandipan•

We have updated the file and you can download it from this link: http://www.pankajbatra.com/finance/income-tax-calculator-2012-2013-2014/

Pankaj Batra•

sir i have downloaded the new excel from your link, but why did you consider Prof Development Allowance in non-taxable rows with bill submission? Even if you consider for other organizations, if i remove from left hand side row, it remains in the right hand side and is protected. kindly remove the same as it is totally taxable and no bills can be submitted for same. i will wait for the revised excel sheet.

sandipan•
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