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what r the deductions from salary ?
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The following are the deductions from the Salary:
Last Year Standard deduction is their (At present there is
no standard deduction - removed Asst.Year 2007-08)
Entertainment Allowance as deduction u/s.16(ii)
Profession Tax allowed as a deduction u/s.16(iii)
| Is This Answer Correct ? | 77 Yes | 24 No |
Answer / manoj sharma
authorised deduction from salary is Provident fund @ 12%
from employee and Incom Tax if aplicable.
| Is This Answer Correct ? | 51 Yes | 10 No |
Answer / sidharth shahi
The deduction are:
1). E.P.F
2). E.P.S
3). P.F
4). E.S.I
5). Rent/Loan
6). Income Tax
| Is This Answer Correct ? | 64 Yes | 25 No |
Answer / t.t.abhishek9
E.S.I
E.P.F
PROFESSIONAL TAX
L.I.C
HOUSE RENT ALLOWANCE
CONVEYANCE MAXMIUM AMOUNT 800/-
MEDIICAL ALLOWANCE UPTO 15000/-
| Is This Answer Correct ? | 52 Yes | 16 No |
Answer / venkatesh
1)Any advance Salary
2)T D S
3)if comes under any other deduction i.e 80c To 80u
| Is This Answer Correct ? | 35 Yes | 13 No |
Answer / manoj sarswat
The deduction from salary is Provident Fund @ 12%, Medical
Insurance Coverage Premium, Professional Tax, Group
Insurance Charges/ Income tax as per aplicability.
| Is This Answer Correct ? | 27 Yes | 6 No |
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Audit 
