Hello,
For one employee he has a F&F in november month and he resigned on 31.10.2015.
Here what ever is there the gross amount in november F&F same is reflecting in form24q. Here the amount is 124297.36.
But Taxable income means it should be after exemption as follows
Total Salary = 124297.36
Sec-10 =
- Conveyance = 3148.39
- Leave salary = 6147.45
80C = 4906.00
Taxable Salary = 110095.52
kindly make me understand of my calculation.