Exemption benefits u/s 10 for salaried individuals

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Practicing Chartered Accountant
242 Points Posted on 25 July 2014

Hi,

I have a client who recieved Form 16 from his employer. In Form 16, the employer only gave exemption benefit of Transport allowance of Rs. 800pm and no other exemption benefits like Medical allowance (Max 15k), Education allowance (Rs.100pm/child) etc have been given.

My question is, while filing IT Return, can I take benefit of Education & Medical allowance exemption even tough the same is not stated in Form 16?

Thanks in advance.

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On 25 July 2014 at 12:11 Report
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IndigoLearn
3843 Points Posted on 25 July 2014

You can take the benefits of exemptions/deductions not provided in Form16. 

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On 25 July 2014 at 12:23
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Practicing Chartered Accountant
242 Points Posted on 25 July 2014
Originally posted by : CA Suraj Lakhotia
You can take the benefits of exemptions/deductions not provided in Form16. 

Thanks

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On 25 July 2014 at 12:25
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SOMETHING IS BETTER THAN NOTHING
703 Points Posted on 25 July 2014

Yes you can take it.

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On 25 July 2014 at 14:42
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B.Com
39 Points Posted on 25 July 2014

No you can not take benefit of medical allowance unless and untill it is mentioned in your CTC....you can avail the tution fees as a deduction while filling your return........

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On 25 July 2014 at 17:03
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Chartered Accountant
22 Points Posted on 25 July 2014
Yes you can claim all exemption/ deduction not provided in form 16 at the time of filling of income tax return
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On 25 July 2014 at 21:29
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student IPCC
84 Points Posted on 26 July 2014
To claim these exemptions make sure that these are provided to your client as a part of salary, i.e, it is shown separately in his/her salary slip. If so, you can very well claim it.
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On 26 July 2014 at 06:16
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Practicing Chartered Accountant
242 Points Posted on 26 July 2014

None of the exemptions are mentioned in salary slip nor in CTC. But still, the employer has stated conveyance allowance in Form 16 as exempt from salary.

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On 26 July 2014 at 09:51
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Believe!! Live your dreams!
19752 Points Posted on 26 July 2014

what is salary breakup? yes

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On 26 July 2014 at 11:00

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