Itr 1 u/s 10 allowances
Jayaram Damodare (Accoutant) (257 Points)
22 August 2019Jayaram Damodare (Accoutant) (257 Points)
22 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 22 August 2019
What details are given in Form 16, Part B?
Follow that...
Jayaram Damodare
(Accoutant)
(257 Points)
Replied 22 August 2019
Jayaram Damodare
(Accoutant)
(257 Points)
Replied 22 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 22 August 2019
You can claim Rs. 40000/- as standard deduction u/s. 16(ia)
Rs. 2,500/- as profession tax u/s. 16(iii) and
Rs. 5000/- as entertainment allowance u/s. 16(ii), only if Governmental employee.
Without any other details, offer the remaining amount as 'salary'