Mrittyunjai (Student CA Final ) (32 Points)
29 March 2014
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 29 March 2014
In this case i can only say to take the benifits of all deduction to its max. Such as 80c, 80D, 80G etc .
Also you can plan for house property with bank loans as 80EE included , also interest paid will be a deduction in house property under sec24 etc.
Regards
Mrittyunjai
(Student CA Final )
(32 Points)
Replied 29 March 2014
Mrittyunjai
(Student CA Final )
(32 Points)
Replied 29 March 2014
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 29 March 2014
what ever salary structure you fix. the following deductions and exemptions are available
CONVEYANCE ALLOWANCE 9600
Uniform allowance 24000
food coupons 26400
HRA (calculation depending upon rent paid)
medical reimburesement 15000
telephone reimburesement 30000 (approx)
Mrittyunjai
(Student CA Final )
(32 Points)
Replied 29 March 2014
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 05 April 2014
for conveyance allowance
no need to show bills because it is a standered exemption.
for uniform allowance, medical allowance, telephone reimbursement
you need to produce bills to employer company.
Indiataxfin
(service)
(62 Points)
Replied 20 April 2014
CAclubindia
