prajesh
05 April 2008 at 18:15
Hi,
I'm software professional woring in software company. My salary includes basic+hra+conveyance+medical allowance+special pay+band allownace and deducation includes professional tax (Rs 200)+PF+Income tax. Of course, I'll get salary after these deduction.
I would like to know how to calcuate tax on monthly salary for cross verification? WOuld be great if you can provide me excel file/software which take information to generate tax?
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80c calcuation
1. If I buy (on spouse name) MF/Bond/ELSS online, how can I claim deduction u/s 80C? How deduction will be calculated? Is it necessary to keep them more than 1yr to claim deduction? Will be complete amt. invested in a year fully exempted even if hold them for 3yr and continue investing? How tax will be calculated on sale?
2. Can I claim medical reimbursement by submitting bills from medical store? Plz elaborate