Option to Choose Old Tax Rates Regime or New Tax Rates Regime (F.Y. 2020-21) by DU Asstt Professor

#SBR_2084_05_02_2020
(6 Minutes)
Tax Calculations (Old Tax Rates Regime versus New Tax Rates Regime) for Delhi University Assistant Professor


Salary (March 2020 - Feb 2021) Monthly Annual

Basic Salary 692400
Dearness Allowance @ 22% 152328
House Rent Allowance 166176
Transport Allowance 86400
DA @ 22% on Transport Allowance 19008
Total Gross Salary 1116312

House Rent Paid 20000
HRA Received 13848
50% of Basic Salary 28850
Excess of Rent paid over 10% of Basic 14230
Least Amount will be exempted 13848

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