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what exactly is taxable income
by Santosh on Jan 14, 2005 04:14 PM   Permalink

I would like to know what exactly is taxable income. Is it the gross salary which my company gvien me in my offer letter or is it actual in hand amount .
this part has been very confusing for me. I have an pakage of 2.31 lakhs but it includes every from PF, Insurance of company, travel allowance etc.
So can you please clarify


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The above message is part of the Discussion Board:
How is your tax calculated?