How is tax calculated on salary india?

Asked By: Erna Reichel
Date created: Mon, Jul 5, 2021 1:12 AM
Best answers
Answered By: Marcus Jaskolski
Date created: Mon, Jul 5, 2021 10:30 AM
  • Steps involved in calculating income tax in India Evaluate your gross salary by summing up all the allowances such as Leave Travel Allowance (LTA), House Rent Allowance (HRA) and special allowances to your basic salary. Next deduct the exemptions such as professional tax, HRA, and other basic or standard deduction from the gross income.

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