Tds

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Ramchandra Ahivale

Ramchandra Ahivale (Querist)
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30 September 2014 which allowances we can deduct from salary??

Arun Jain

Arun Jain (Expert)
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30 September 2014 Conveyances up to 800 pm, medical up to 1250 per month on submission of medical proofs, uniform allowances, etc
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@VaibhavJ

@VaibhavJ (Expert)
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30 September 2014 Travel /conveyance allowance, child education allowances, hostel allowance, medical allowances and ..

Refer:

https://www.caclubindia.com/forum/summary-of-exemption-u-s-10-to-salaried-employee-232114.asp#

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Ramchandra Ahivale

Ramchandra Ahivale (Querist)
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30 September 2014 if i deduct
child education allowance
hostel allowance
then by what amount should i deduct it ?
do i need to give supportive proof for child education allowance, hostel allowance??
fr. exp. as rent agreement if you are deducting HRA

@VaibhavJ

@VaibhavJ (Expert)
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30 September 2014 Hi,

Child edu. allowances Rs. 100 per child max. Rs. 200 per month.

For hostel allowance it is Rs. 200 p.m.

Yes employee declaration of no. of child/children admitted in hostel is needed.

Ramchandra Ahivale

Ramchandra Ahivale (Querist)
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30 September 2014 cant i deduct mobile allowance, petrol allowance, to reduce basic salary ? to avoide the tds on salary?

@VaibhavJ

@VaibhavJ (Expert)
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30 September 2014 There is no such allowances exempt under Income Tax, however you can pay it as Reimbursements.

For this employees will be required to submit Mobile bills & petrol bills.

Thanks