Tax on salary

1. if the dependent is disabled, then yes,

2. Food allowance is taxfree upto Rs. 50 per day.

3. Not sure.

4. Medical allowance tax free upto 15000 per year.

as per my Knowledge ..for claiming your LTA, you can claim it twice in block of four calendar year(current bracket is Jan2010-Dec 2013), And only 2 travels are allowed to be claimed for a block of 4 years.if not claimed in present block you can claim it in first year of next 4 year block(ie 2014).

for claiming LTA you should have taken leave from your company and should have actually traveled. and travel shoud be in India only.

thanks

1. If your dependent is disabbled or a senior citizen, then, it is yes.

2. all things we buy has taxes.

3. don't know

4. medical allowance is tax free.

 Anser to Q-1

a) As per Section 80DD, if the parents is disabled then you can claim a deduction upto Rs. 50000/- p.a. ( Rs. 100000/- in case of severe disability).

b) if you pay the medical premium of your parents, then you would get a deduction upto Rs. 20000/-

c) As per Proposal in the Union Budget 2012, Now you can claim a deduction of Rs. 5000/- in case of preventive health checkup expenses of your parents.

 Anser to Q-2

Food allowance is exmpt upto Rs. 50/- per day

Anser to Q-3

As per Section 10(5) of the IT Act, Exemption of LTA can be claimed twice in the block of 4 calander year ( current calender year 2010-2013). if you have not utilise the same in the current year, you can travel in the next year and claim the exemption thereof.

Anser to Q-4

Yes you have to give the medical bills to the employer.

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