Queries regarding income tax & investment declaration


I wanted to declare investment in my current company, and related to that I had few queries, as mentioned below:

  1. I have my annual CTC as 9 LPA, and the annual basic component is 3.3 LPA approximately. So, what would be my taxable income & take home income, annually and monthly ?

  2. Based on my taxable income, how would be the tax % are calculated?

  3. Out of my taxable income, how much would be tax free amount? And will that tax free amount limit can be stretched further by showing my PPF & HRA ?

Thanks, Avinash Kumar

asked Jul 08 '15 at 11:44 by avi 11

Please download and use income tax calculator to know all of your answers.

answered Jul 09 '15 at 16:23 by Pankaj Batra 5.2k320


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Asked: Jul 08 '15 at 11:44

Seen: 1,971 times

Last updated: Jul 09 '15 at 16:23