Computer Science, asked by calli321, 3 months ago

What is the formula to calculate the income tax of a employee?

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Answered by prabhjotkaur83

Answer:

Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance. Some components of your salary are exempt from tax, such as telephone bills reimbursement, leave travel allowance.

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What is the formula to calculate the income tax of a employee?​

Answers

What is the formula to calculate the income tax of a employee?