Income tax computation

259 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 

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