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Exemption benefits u/s 10 for salaried individuals

Pakshal Shah (Practicing Chartered Accountant) (271 Points)

25 July 2014

Hi,

I have a client who recieved Form 16 from his employer. In Form 16, the employer only gave exemption benefit of Transport allowance of Rs. 800pm and no other exemption benefits like Medical allowance (Max 15k), Education allowance (Rs.100pm/child) etc have been given.

My question is, while filing IT Return, can I take benefit of Education & Medical allowance exemption even tough the same is not stated in Form 16?

Thanks in advance.

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8 Replies

CA Suraj Lakhotia (IndigoLearn) (4898 Points)
Replied 25 July 2014

You can take the benefits of exemptions/deductions not provided in Form16.

1 Like

Pakshal Shah (Practicing Chartered Accountant) (271 Points)
Replied 25 July 2014

Originally posted by : CA Suraj Lakhotia
	You can take the benefits of exemptions/deductions not provided in Form16.

Thanks

VIKAS.A (SOMETHING IS BETTER THAN NOTHING) (1095 Points)
Replied 25 July 2014

Yes you can take it.

GYANENDRA CHAND (B.Com) (48 Points)
Replied 25 July 2014

No you can not take benefit of medical allowance unless and untill it is mentioned in your CTC....you can avail the tution fees as a deduction while filling your return........

Amit Kumar Soni (Chartered Accountant) (33 Points)
Replied 25 July 2014

Yes you can claim all exemption/ deduction not provided in form 16 at the time of filling of income tax return

mizbah khan (student IPCC) (98 Points)
Replied 26 July 2014

To claim these exemptions make sure that these are provided to your client as a part of salary, i.e, it is shown separately in his/her salary slip. If so, you can very well claim it.

Pakshal Shah (Practicing Chartered Accountant) (271 Points)
Replied 26 July 2014

None of the exemptions are mentioned in salary slip nor in CTC. But still, the employer has stated conveyance allowance in Form 16 as exempt from salary.