Dear sir,
Exempted amount can be directly minus/less from Gross income
Like- HRA,LTA,Trans. Allowance, Special Area Allowance, etc
Menu
EXEMPTED AMOUNT CAN BE DIRECTLY MINUS FROM GROSS INCOME
Replies (4)
The allowances as specified above are deductible from salary income, subject to its limits, and other conditions as specified under the IT act.
Thank you sir, I am a salaried person.
So, check your form 16A, it will give complete details about the amount deductible under each sub-section.
Refer: what-is-form-16
Recent Topics :
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
Related Topics :
CAclubindia
