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Ramchandra Ahivale

Ramchandra Ahivale (Querist)

30 September 2014 which allowances we can deduct from salary??

Arun Jain

Arun Jain (Expert)

30 September 2014 Conveyances up to 800 pm, medical up to 1250 per month on submission of medical proofs, uniform allowances, etc
Thanks

@VaibhavJ

@VaibhavJ (Expert)

30 September 2014 Travel /conveyance allowance, child education allowances, hostel allowance, medical allowances and ..

Refer:

https://www.caclubindia.com/forum/summary-of-exemption-u-s-10-to-salaried-employee-232114.asp#

Thanks

Ramchandra Ahivale

Ramchandra Ahivale (Querist)

30 September 2014 if i deduct
child education allowance
hostel allowance
then by what amount should i deduct it ?
do i need to give supportive proof for child education allowance, hostel allowance??
fr. exp. as rent agreement if you are deducting HRA

@VaibhavJ

@VaibhavJ (Expert)

30 September 2014 Hi,

Child edu. allowances Rs. 100 per child max. Rs. 200 per month.

For hostel allowance it is Rs. 200 p.m.

Yes employee declaration of no. of child/children admitted in hostel is needed.

Ramchandra Ahivale

Ramchandra Ahivale (Querist)

30 September 2014 cant i deduct mobile allowance, petrol allowance, to reduce basic salary ? to avoide the tds on salary?

@VaibhavJ

@VaibhavJ (Expert)

30 September 2014 There is no such allowances exempt under Income Tax, however you can pay it as Reimbursements.

For this employees will be required to submit Mobile bills & petrol bills.

Thanks

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