Personal income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2012 My client is getting salary from 2 companies.And getting 2 tds certificates also.Please let me know while filing the return whether he can take the deduction for profession tax of both companies and travelling alowance of Rs.9600/ from 2 companies, all together Rs.2500+Rs.2500 and Rs.9600+Rs.9600 as deduction in the computation of income.

Please reply back at the earliest.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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14 March 2012 For income tax purpose total amount deducted as professional tax would be take as deduction so he can claim professional tax of Rs.5,000 as deduction. Conveyance allowances paid by the employer is exemption upto Rs.9,600 thus he can claim both the employer's conveyance allowances i.e Rs.19,200.
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