Income tax exemptions

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2013 what are the limit and reqirements to claim the following:
conveyance allowance
LTA
medical
education allowance

whether the assessee is reqiured to submit documents with the company to claim exemption of the same.

thanx

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 July 2013 1. LTA - specified exemption limit and only ticket cost in the shortest route will be allowable for deduction. Original ticket with boarding pass( incase any) need to be submitted .

Medical reimbursement - need to submit the medical bills for self and family. up to Rs.15000 exempted per annum

Education allowance- Children education allowance exempted up to Rs.100 per month per child, maximum 2 children

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 what about conveyence allowance. am i supposed to submit documents with the company for claiming 800 pm exemption.....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 July 2013 No documents need to submit to claim the conveyance allowance of Rs.800/- it is standard exemption without documents

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