Accountancy, asked by yamsmaya0293, 6 months ago

tax liability of an assessee is determined with reference to his

(a) Total income (b) Gross total income (c) Income from salary

Answers

Answered by deepikaarya

0

Explanation:

Calculate your gross salary by adding Dearness Allowance, House Rent Allowance, Transport Allowance, Special Allowance to your basic pay.

Then deduct the exemptions of HRA, professional tax and standard deduction from the gross salary.

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