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Itr 1 u/s 10 allowances
I got Form 16. In Form 16 deduction given Rs 49000 U/s 10. there is no details given by employer . plz tell me where to adjust this figure in u/s 10 Allowance plz help for sub section & its deduction.
Replies (5)
What details are given in Form 16, Part B?
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No Details available sir Employer says it is Vehicle Allowance plz help me for this & suggest me sub section for this deduction
I think this query was replied twice earlier
No details found in 26AS & Form 16 that's why I asking Sir.
You can claim Rs. 40000/- as standard deduction u/s. 16(ia)
Rs. 2,500/- as profession tax u/s. 16(iii) and
Rs. 5000/- as entertainment allowance u/s. 16(ii), only if Governmental employee.
Without any other details, offer the remaining amount as 'salary'
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