Answer Posted / revathy

Hi,
Mr. Deepak Chikane replied correct but he calculated on the
taxable income that is:

Total Income: xxx
Less:
(Some of general deduction)
a. 1. Conveyance (800 * 12)
2. Rent (full HRA or Actual rent - 10% on Basic)
3. Medical reimbursement

b. 1. Insurance, PF, Deposits etc upto 1 lak

so after deducting the above with total income we get the
taxable income. On that you go as per the calculation as
Deepak Chikane mentioned already.

Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

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