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Exemption benefits u/s 10 for salaried individuals

Tax queries 1997 views 8 replies

Pakshal Shah

Practicing Chartered Accountant

271 Points Joined April 2009

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.

Replies (8)

CA Suraj Lakhotia

IndigoLearn

4898 Points Joined May 2008

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

Pakshal Shah

Practicing Chartered Accountant

271 Points Joined April 2009

Originally posted by : CA Suraj Lakhotia
	You can take the benefits of exemptions/deductions not provided in Form16.

Thanks

VIKAS.A

SOMETHING IS BETTER THAN NOTHING

1095 Points Joined December 2012

Yes you can take it.

GYANENDRA CHAND

B.Com

48 Points Joined April 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........

Amit Kumar Soni

Chartered Accountant

33 Points Joined April 2012

Yes you can claim all exemption/ deduction not provided in form 16 at the time of filling of income tax return

mizbah khan

student IPCC

98 Points Joined August 2009

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.

Pakshal Shah

Practicing Chartered Accountant

271 Points Joined April 2009

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.