EXEMPTED AMOUNT CAN BE DIRECTLY MINUS FROM GROSS INCOME

26 March 2019

Dear sir,
Exempted amount can be directly minus/less from Gross income
Like- HRA,LTA,Trans. Allowance, Special Area Allowance, etc

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183191 Points)
Replied 26 March 2019

The allowances as specified above are deductible from salary income, subject to its limits, and other conditions as specified under the IT act.

Raj kumar (111 Points)
Replied 26 March 2019

Thank you sir, I am a salaried person.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183191 Points)
Replied 26 March 2019

So, check your form 16A, it will give complete details about the amount deductible under each sub-section.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183191 Points)
Replied 26 March 2019

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