Salary perk
This query is : Resolved
11 May 2012
someone plz advice me any tax free allowances
Please someone give me salary pert for tax purpose I don’t have a child so children allw are not applicable medical allo 15000, conveyance allo rs.800 other investment I have rs.250000 but it limit for all this deduction Rs.100000 , now I want to know donation in charity trust amount is include in this one lac limit or not
Also inform me if I will get salary Rs.20000 as a reimbursement (like driver allow, meal allw etc.) form my salary Rs.65000 ( if any extra tax free allow are applicable in private limited firm plz. give me details of them )
Please someone give me salary pert for tax purpose I don’t have a child so children allw are not applicable medical allo 15000, conveyance allo rs.800 other investment I have rs.250000 but it limit for all this deduction Rs.100000 , now I want to know donation in charity trust amount is include in this one lac limit or not
Also inform me if I will get salary Rs.20000 as a reimbursement (like driver allow, meal allw etc.) form my salary Rs.65000 ( if any extra tax free allow are applicable in private limited firm plz. give me details of them )
11 May 2012
Donation is allowed as a deduction over and above Rs. 1 lakhs. However, the deduction will be allowed only for 50% of the amount of donation.
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