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  1. Subash sah

    Subash sah New Member

    I am a pensioner.state govt employee. my basic is 18130, da- 21575, me -200 , commutded - 7252 ,net pension - 32653. My income will be calculated on basic + da only or commutded amount will also be add
     
  2. Investuru & Co.

    Investuru & Co. New Member

    Dear Subhash, As per provisions of Income Tax act, 1961. If you r government employee then your commuted pension will not be connsidered.
    Secondly, If you want to know your taxable income, then please clarify the aforesaid amounts, again in best possible manner.
     
  3. Subash sah

    Subash sah New Member

    Sir, my pension basic is 18130 , DA - 21575 , medical reimbursement - 200 , commute deducted - 7252 , net pension laid - 32653 .this is break up of every month then what will be taxable amount
     
  4. Investuru & Co.

    Investuru & Co. New Member

    As per your query, your Taxable income will be:-
    Basic:- 18130
    Add:-DA:- 21575
    Add:-Medical Reimbursement :- Nil (Non-Taxable upto Rs. 15000 per year)
    Less:-Commute Deducted:- 7252
    Therefore Taxable Income will be:- Rs.32543 / Month.
     
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