Salary deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2017 if anyone ctc is 30 lac what is the best break up one can have to reduce tax, or wat are the category (eg conveyance 19200 annual / motor car allowance 39600 (chauffeur allowance)/ education allowace 1200p.a .... wat are the other allowance one can take.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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15 January 2017 Food coupn 50per meal max 2 times in a day based on Man days worked maximum 50*2*26=2600/- PM Medical allowance 1250 PM can be claimed max 15000/- per year against submission of medical bills.

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2017 tx i have a query on 80ccd(2) if there any additional deduction available in this section other then 80 c 1.50 lacs and 80ccd(1) 50k. if the employer contributes to nps max upto 10% of the basic can be considered as exemption

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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17 January 2017 First you have to add to salary employer contribution to NPS same can be claimed u/s 80CCD2 upto Rs.50000 Apart from 80C deduction of Rs.150000/-

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2017 1480CCD
Contribution to pension scheme notified by Central Government up to 10% of salary (subject to certain conditions and limits)15
Contribution made by employer shall also be allowed as deduction under section 80CCD(2) while computing total income of the employee. However, amount of deduction could not exceed 10% of salary of the employee

can you pls let me know if i can avail