Exemptions in income tax fy 2014-15(ay 2015-16)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2015
in the financial year 2014-15, i worked for only for four months and my employer has not considered any applicable deductions in the form-16 (like house rent,medical reimbursement,uniform allowance or under 80c). is it possible for claiming same in my return for the above sub year..request some expert to clarify..thanks in advance
G V RAO
G V RAO
04 April 2015
Yes it is possible to do so no issue.
04 April 2015
Yes you can claim the deduction in your Income Tax Return even if it is not shown in the form 16. Employer did not show this probably because your Income was well within exemption limit even without the said deduction.
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