Allowances payable and tax releif

This query is : Resolved

Roshini Arya (Querist)
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19 May 2013 Respected Experts

Please educate me regarding the various limits available for tax relief for the following items for a salaried employee of an organisation

Also how can an employee avail these deductions while calculating his income tax amount to be filed.(Documents that need to be submitted)

Child Education Allowance

Medical Reimbursement receipts submitted

Transport/Conv. Allowance

LTA receipt submitted

Food Coupons

Periodical Journals

Uniform/Dress Allowance

Telephone Reimbursement receipts submitted

Prof. Development receipts submitted

Car Expenses Reimbursement receipts submitted

Driver Salary receipts submitted

Internet expense receipts submitted

Is Performance Incentive/Bonus taxed with Gross salary(clubbed) or separately.

Much obliged as always & awaiting your valuable responses.

Regards

Roshini Arya

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 July 2013 1. Rs.100 per month per child

2. Medical reimbursement Rs.15000 per annum exempted

3Rs.800 per month

4. No limit, actual ticket expenses eligible

5. Rs.50 per meal during office hours

all other are in case of official purpose is exempted otherwise taxable

performance bonus is taxable