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Form 16: deduction u/s 10

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Ravi Ranjan

26 Points Posted on 19 July 2013

Hello There..I need expert advices in terms of what are those allowances that can be shown as deduction u/s 10 in Form 16. bcoz as per company only "HRA" and "Conveyance" (Rs. 800 pm) can be dedcuted u/s 10 while rest all are Taxable!!.

Please let me know if they can put "telephone", "food", "Uniform" and any such exp. under the head of "u/s 10 deduction" within the Form16. Look forward to hear from you.

Replies (2)

Gunjan Jain

104 Points Posted on 20 July 2013

Food allowance is exempt upto Rs. 50 per day but employer must provide coupan.

Telephone bills are exempt but its use for official purpose.

Uniform allowance is also exempt but company has policy of particular uniform in the company.

J S BHAVSAR

CONSULTING

1015 Points Posted on 21 July 2013

Food allowance is I believe Rs 100 per day, capped at Rs 3000 per month. Most employers now provide FoodPlus cards loaded with the amount you decide or max Rs 3000 per month, and that is tax free. That loading on prepaid card is directly done from salary and does not get reflected on Form 16.