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Income tax exemption

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Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2012 One of our employee recd a commission. For Official Tour purpose his pocket expenses made i.e. Travel Tickets & other. Also For his Rented House following expenses done i.e. Furnishing Rs 3to 4 Lacs.

Pl suggest in this case The above expenses eligible for deduction from his Salary Income.

Thanks in advance.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

06 December 2012 No, such expenses not eligible for deduction from salary income. Salary income doesn't permit to deduct any type of expenses except those are eligible for exemption as per Income tax act from salary income like deduction of prof.tax, section 10 allowances etc... and section 24(b) deduction(i.e interest on housing loan).

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2012 Thanku very much sir..

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