Which allowances are exempted for employees ?

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Follow