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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2010 please give me breakup of my Salary in allowances for Saving maximum Tax that is amounting to Rs. 300000/- P.A. CTC. I knwo abt Transportation Allowance that is 800PM Tax Free and i have my own house on my name can i not get Tax free HRA. any other options ?
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Jigar Shah

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Jigar Shah (Expert)
16 May 2010 You can include reimbursement portion per say

Medical upto 15,000 allowable
HRA - Not possible
Conveyance upto - 9600
Contribution to P.F - exempted (employer)
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 May 2010 For staying in own house and getting HRA is fully taxable no exemption on HRA
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
21 May 2010 children education allowance upto Rs 2400 p.a
children hostel allowance upto Rs 3600 p.a for maximum of two children

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