banner_ad

Income tax computation

Tax queries 250 views 1 replies

Dear Experts,

my query about allowances

basic salary earned                 394391

HRA                                         197191

Child education allowance       1526.66

Child Hostel allowance             59158.34

executive allowance                144128.32

fuel & maint (taxable )                 -9893

medical all (taxable)                     9542

exgratia                                       42993.66

Meal Allowance                            1520

 

TOTAL                                       893214

But in the computation a chartered accountant has considered total allowance to exempt rs 177484

what allowance has been taken for the exemption please guide me

in the given que bills of fuel and medical still pending to submit to the company 

Replies (1)

Are you residing in a rented house or not  if  you are residing in a rented house u can claim hra exception as per rules

other wise you cann't claim hra as exception. Here the sittuation is not clear 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details