Items for tax deduction
This query is : Resolved
Rachit Puri
(Querist)
23 May 2013
Hi
I want to know which items can I declare for getting extra tax saving benefit.
At present, I have already declared Insurance Premium, Education Loan Interest, National Tax Saving Bonds.
I heard I can do extra savings for Uniforms, Telephone Expenses and medical expenses?
Can someone please help me and give me details what kind of changes I need in my salary structure in terms of allowances.
Also, are there any more such items for which I can gain some benefit.
Regards
Rachit
I want to know which items can I declare for getting extra tax saving benefit.
At present, I have already declared Insurance Premium, Education Loan Interest, National Tax Saving Bonds.
I heard I can do extra savings for Uniforms, Telephone Expenses and medical expenses?
Can someone please help me and give me details what kind of changes I need in my salary structure in terms of allowances.
Also, are there any more such items for which I can gain some benefit.
Regards
Rachit
CMA Ramesh Krishnan
(Expert)
03 July 2013
Incase you are getting uniform allowance then you can take the benefit against submission of actual bills
Medical expenses reimbursement is exempted up to Rs.15000 per annum
Telephone expenses paid for official then exempted
Medical expenses reimbursement is exempted up to Rs.15000 per annum
Telephone expenses paid for official then exempted
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