Transportation allowance limit for ay 2015-16
This query is : Resolved
19 September 2014
Respected Sir
Pls. let us know upto which limit transportation allowance is exempted for
FY 2014-15, AY 2015-16.
Interest on F.D. is exempted or not in AY 2015-16.
Any other deduction apart from 80C is available or not?
If Husband is taking deduction of Home Loan, can wife also take dedn for Home Loan for second home purchased by couple?
Pls. let us know upto which limit transportation allowance is exempted for
FY 2014-15, AY 2015-16.
Interest on F.D. is exempted or not in AY 2015-16.
Any other deduction apart from 80C is available or not?
If Husband is taking deduction of Home Loan, can wife also take dedn for Home Loan for second home purchased by couple?
19 September 2014
Transportation allowance is same Rs 800/- per month. Interest on FD is fully taxable under the head Income from Other Sources. Yes deduction can be availed by wife.
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