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salary if any deduction is available?

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2010 hello

can i claim any exemption/deduction from following allowance/exp ?

1. conveyance allowance
2. transport allowance
3. incentive bonus
4. conveyance exp
5. city compensatory allowance

all above allowance/exp is found in form 16 Annexure. so i think if any deduction is allowable or not ?

in form 16 they not mention any exemption/deduction so i confuse and ask to you.....

help....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2010 Transport allowance and City compensatory allowance- you can claim exemption but while considering Form 16 Taxable salary employer need to give all these then only need to calculate tax.

Conveyance allwance, expenses bases on offical usage exempted

Incentive bonus fully taxable
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