Which allowances are exempted for employees ?

Tax planning 856 views 2 replies

Dear Sir,

Which allowances are exempted for Pvt.Ltd organization employees, which do i need to collect any doucments ?

 

Replies (2)

I have got it.

 

The following components are not taxable.
1. Medical allowance - Rs.15000/ - p.a. (need to produce bills for tax exemption)
2. Conveyance allaowance - Rs.9600/-p.a. (no proof required)
3.HRA - 50% of basic for metros & 40% of basic for non-metros (rent receipt to be produced for tax exemption)
4. Food coupons - Rs.1350/- p.m.
5. Children Edu. allowance - Rs.2400/- p.a. (for 2 children only)
6. Children Hostel Allowance - Rs.300/- p.m for each child (max 2 children)

Someone please confirm the figurs.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details