Income tax calculation on Annual Salary of Rs 4 lakhs approx.?

My freind is earning a lumpsum salary of Rs 4 lakhs annually
He wants to know what are the exemption allowed, such as ( HRA, CA etc ) and what will be his tax liability. Where he should invest to bring down his tax liability.

If your friend is a male and <65 years of old:
Total Taxable Income: Rs.4,00,000:
Tax there on Rs.69,000+Edu.Cess=2,070 = Tot. Tax.= Rs.71,070/-

If he invest Rs.1 lakh. in 80c tax savings investments;
4 lakhs-1 lakh 80c= Rs.3 lakhs net taxable
Tax on 3 lakhs. Rs.39,000+ Edu.Cess=Rs.1170=Rs.40,170

Tax Slabs for this year for Male <65 years of age.
Tax free up to Rs.1,10,000
1,10,001 to 1,50,000 @10%
1,51,001 to 2,50,000 @20%
2,50,001 and above @30%
Education Cess @3% on tax amount.
10% Surcharge if the taxable income exceeds Rs.10 lakhs.

About 80c investments:
http://www.rediff.com/getahead/2005/dec/...

please share this answer with me also as i too would like to know the answer

you can download simply to use income tax calculator for salary income from the below link:

http://ynithya.com/taxcalc

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