Dear Team
Can any one confirm me what are the allowances paid under monthly salary are exempted from IT for fy 2018_ 19
Thanks
Dinesh
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What are the allowances exempted under it for the year 2018_19
Replies (4)
part of query: convance, HRA
HRA
Transport Allowance- claim ₹1600 p.m/3200p.m in case of handicapped.
Children Education Allowance-₹100 p.m per child upto 2child.
Hostel Expenditure Allowance-₹300p.m per child upto 2child.
Transport Allowance- claim ₹1600 p.m/3200p.m in case of handicapped.
Children Education Allowance-₹100 p.m per child upto 2child.
Hostel Expenditure Allowance-₹300p.m per child upto 2child.
Dear Sunil Ji,
Transport Allowance- claim ₹1600 p.m but this year Total 40,000 Standard Deducion is there and Medical Reimbursemnt and This allowance Exemption is not there.Please correct me if i am wrong.
Dinesh
standard deduction of Rs 40,000 replaces medical allowance of Rs 15,000 and transport allowance of Rs 1600 per month i.e. 19,200 per annum.
From A.Y 19-20
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