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allowances

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(Querist)
24 September 2010 How many types of allowances apply in salary calculation? & Which is its exemption limit ? I need salary return copy with fill all details for file personal IT return for self.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
24 September 2010 Your question is short but answer is so long, will not be possible to answer here. I advise you , plz read any tax book, there u will find all the allowances , limits , calculation of taxes etc.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 September 2010 There are 2 nature of allowances in Income tax,
1. Alliwances based on actual expenses
2. Allowances fixed without based the actual expenses

the list is very big

ITR for you can download from Income tax efilling website
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