Salary Allowances Which are Fully Taxable? |Allowances which are fully Exempt | Taxable Allowances |
Вставка
- Опубліковано 7 вер 2024
- Allowances are part and Parcel in Salary Income. Allowances are of Three type like Fully Taxable Allowances , Fully Exempt Allowances and Partly Taxable and Partly Exempt Allowances.
But in Today's Video, I am going to explain Allowance which are fully exempt and allowances which are fully taxable.
There are various kind of allowances some of them are fully exempt allowance and some of them are not. Few allowances like Transport allowance, Daily Allowance, Conveyance Allowance are exempt even in New Tax Regime.
Fully Exempt Allowances | Which Allowances are Fully Taxable? | Fully Taxable Allowances | ca sudesh
Few allowances are of such kind which are Fully Exempt for Diplomats, High Court Judges and Supreme Court Judges as well. Various Income Tax Act Sections Explained Like 10 (14), 10 (7) etc.
Allowances Which are Fully Exempt? | Allowances in income tax | Fully Taxable Allowances | Allowance
Fully Exempt Allowances | Allowances in income tax | Fully Taxable Allowances | Tax Free Allowance
In this video we will know how to save Income tax on Allowances Income. Various type of tax planning on Salary #Allowances Income. Income Tax Section. This is a perfect recipe for tax planning regarding Salary Income and save Tax on Salary Income.
-------------------------------------------------------------------------------
In this video we explained:
Allowances Which are Fully Taxable
section 10(14)(ii) of income tax act
transport allowance in income tax
Allowances Which are fully exempt
Fully Exempted Allowances
section 10 of income tax
Salary Allowances
Allowances in income tax
Which are exempted allowances?
Allowances par kaise Income tax lagta hai?
Section 10 (14) (i) of Income Tax Act 1961
How to save tax on Allowances Income?
Tax Planning on Allowances Income
Explain taxable Allowances
Explain Exempt Allowances
How to save Tax?
Income Tax Planning
how to tax allowances
allowances in income tax
allowance in income tax
allowances in salary
special allowance in salary
conveyance allowance
fully taxable allowances
tax free allowances and taxable allowance under the head salary
conveyance allowance exemption limit for ay 2022-23
conveyance allowance in salary
transport allowance in income tax
what is allowance in income tax
which allowances are taxable
fully taxable allowances
fully exempt allowances
allowances in income tax
exempt allowances
fully exempt allowance
Fully Exempted Allowances
Fully Taxable Allowances
allowances which are fully exempt
allowances which are fully taxable
fully exempted vs fully taxable allowances
fully exempt allowance in salary
fully taxable allowances in salary
exempted allowance
list of exempted allowances
tax free allowance
exempted allowances
allowance in income tax
allowances in income tax
tax free allowances and taxable allowance under the head salary
transport allowance in income tax
allowances in salary
special allowance in salary
conveyance allowance
conveyance allowance exemption limit for ay 2023-24
conveyance allowance in salary
section 10(14)(i) of income tax act
what is allowance in income tax
fully taxable allowances
what are fully taxable allowances
travel allowance in itr
is transport allowance taxable
special allowance tax exemption
explain type of allowances
exempt allowance in itr
fully taxable allowances in salary
partly taxable allowances
fully exempted vs fully taxable allowances
itr exempt allowances
which allowances are taxable
partly taxable allowance
computation of taxable allowances
fully exempted allowances
fully exempt allowances
which allowances are partly taxable
fully exempt allowance
fully taxable allowances
exempted allowances
fully exempted allowances
exempt allowances
what are fully exempted allowances
fully exempted allowances in tamil
fully exempt allowances
exempt allowance
fully exempted vs fully taxable allowances
which allowances are fully exempt
exempt allowance in itr
fully exempt allowance in salary
partially exempted allowances
-------------------------------------------------------------------------
Follow me at Social Media Handles-
Instagram - / incometaxwa. .
Facebook - www.facebook.c....
-------------------------------------------------------------------------
#whichallowancesarefullytaxable #whichallowancesarefullyexempt #salaryallowance #Exemptallowances #Taxableallowance #allowances #allowance #salaryallowances #TaxSavingTips #Incometax #taxableincome #taxableallowances #fullytaxableallowances #incometaxwala #salaryallowances #casudesh #allowances #salaryincome
Write your experiences and questions here to get them clear faster
Team Income Tax Wala
My father was BSNL Employee retired in Oct-2008 has paid one time contribution of Rs.1,20000/- to become member of Central Govt Health Scheme(CGHS).BSNL has refund this amount of Rs.1,20000/-- in Financial year 22-23 and said amount reflected in Tax Payer information Sheet & 26AS under head salary.... My question is Refund of one time contribution made to became member of CGHS is Considered as income ?
Education allowance, utility allowances etc. are taxable or not. Pls reply sir
Convenience allowances is exempted or not ,or it comes under standard deduction for salaried employees
Conveyance allowance is exempt to the extent of actual expenditure
No, this amount is not your income
You are videos are very informative you are gam income tax wala financial expert and CA Sudesh Kumar Gupta thank you so much for providing such a nice
Thanks
अति सुंदर गुप्ता जी
Very informative video sir ...👍
I have 2 questions ..
1. Conveyance & transport allowance is almost one & the same right ??
2.Is there an upper limit for Travelling allowance ??
No upper limit for allowances
Excellent demo
Thanks 🙏
Very informative video. One question - can we claim 1600*12=19200 yearly deduction in ITR in lieu of Conveyance Allowance?? Is it still applicable or has it been merged into Standard Deduction??
My colleagues and friends have this serious question abt conveyance allowance and not able to determine what to do abt it. Your guidance will be very helpful.. thanks
1. see, standard deduction always allowed
2. you can claim Transport allowance 1600*12. if you spent allowance amount in performing office duties. but in my view , you should claim these exemptions through office only.
3. conveyance allowance can also claim through office. for a office going person conveyance allowance or transport allowance are same.
so the final conclusion is . if your employer allow you to get exemption in form 16 then you should take it 100%
get our channel subscribed from all the colleagues to get more updates
दमदार
Bank employee.
Basic+da+hra+learning(700)+location(600)+special allowance. I don't have LTA, we get PL encashment money. We get convenience allowance includes news paper but it is not mentioned in salary. I did travel with in India. What all I can file itr
Yes
Sir,
Nationalised Bank employees don't receive HRA if they opt for leased accommodation but sometimes they need to pay some extra bucks for rent(specially in cities like Mumbai).
For example, if an employee gets 10000 as leased accommodation from his employer(nationalised bank), but he/she needs to pay rent of Rs.13000. Then that extra 3000 got debited from the employee's account (after taking written consent) while transferring the rent directly to the landlord/landlady by the employer (here nationalised bank) because the rent agreement is of 13000 per month.
In that case, whether that extra amount can be claimed under section 80GG while complying with all other criteria (like no other house etc.) and having proper rent agreement?
intelligent question,
No you can't calaim extra amt in 80GG
@@incometaxwallah okay, thank you sir.
Greetings!!!
Well explained sir
Need to ask one thing
What are the maximaum exemption limits for these allowances.?
there is no such limit for allowances but each allowance has their own exemption limit.
Please clarify regarding Transport Allowance...
Who is eligible for it
already explained
Thanks a lot Sir for the info. Had a query wrt to Conveyance allowance. When an employee gets a fixed amount every month as Conveyance Allowance as part of his salary, do he need to keep bills/receipts for such expenses to be produced to the ITO if required if he wants to claim the allowance as exemption while computing his taxable income and filing ITR? He wants to opt the new regime. Thanks.
in our view , do not claim exemption of conveyance allowance out of form 16.
however, you can claim it and submit bills of conveyance expenses to AO if any notice received.
Subscribe this channel for more updates and reply
@@incometaxwallah Thanks a lot.
Subscribe this channel for more update
great video sir
i have a little confusion at some places i saw that conveyance/ travelling allowance is partly taxable , also some videos says that only a maximum of1900 pm can be claimed in travelling pm
also let me if a person gets 1 lakh as travelling/conveyance allowance PA , will he get tax benefit of entire 1 lakh or only the part for which he is able to show expenditure ? for example he only spents 70000 during that year.
so what would be the exempted amount 1 lakh or 70k in this case
70000 exempt from conveyance allowance
Conveyance allowance mai kuch log 1600 pm bolte hai lene… plz ise clear kre
Very useful
Glad you think so!
Usefull
आपका बहुत बहुत धन्यवाद
Fuel Allowance, Communication allowance, newspaper allowance, corporate Attire Allowance available in new regime?
no, all are taxable in new regime
Sir how to calculate the 10(14) allowance and add in exempt list while filling itr
Sir. Is night duty allowance and national holiday. Working allowance are tax. Are Tax relax please guide
fully taxable
Sir mere paas 1 pan card hai, recently instant pan se ek new pan ban gya jo ki adhare se link kia hua hai,jab mein new pan ko reprint karne ki apply kia to who rejected hua hai, ab mai purane wale pan ko surrender karna chata hu jo ki adhar se link nahi hai par bank mein kyc purane wale pan se kia hua hai.
1.kya bank mein kyc kia hua pan surrender kia ja sakte hai (no loan etc)
2.surrender kya process kya hai
3.surrender ke baad new pan ko reprint kaise kare
answers,
1. old pan can't be surrender unless you close your kyc bank account.
2. surrender process video : ua-cam.com/video/1omyT-txWWk/v-deo.html
3. reprint of e-pan is easy . just apply for print and you will get in 7 to 10 days.
for more updates get in touch with our channel
share and subscribe my channel if you like the information provided by our channel.
Very good 🌹
Thank you! Cheers!
Can the transport allowance and leave travel allowance claimed directly during ITR filing .
The allowances which are mentioned should they form a part of your salary component. Can we claim the exemption if the allowance does not form the component of your salary ?
If allowances nit form part of salary. Then you can't claim exemption
In hybrid model can we claim remote work allowance and convenience allowance together?
YES
Sir, Is night duty allowance exempted from income tax for class 4 employees in railway?
its fully taxable
pls tell me , is special concession taxbale or not , given to the all central govt/psu employees posted in kashmir valley (10 districts only) vide DOPT letter no. A24011/22/2022-Estt.(Leave) dt.12 sept 2022
yes, is available
अति सुंदर व्याख्यान। महोदय, चिकित्सा क्षेत्र में नर्सिंग कर्मचारियों को 7200₹ प्रतिमाह नर्सिंग भत्ता मिलता है, परन्तु वह वेतन का भाग नहीं होता। तो क्या वह आयकर के दायरे में आता है?
As per me it's taxable
Under which section there is tax deduction in incentive given to work in hilly areas
Section 17 (3)
Sir please give a reply given below information wrong or right. I asked chatgpt ai module it answer me no you can't make claim standard deduction and transport allowance including. Please give proper answer plz sir 🙏🙏🙏 chatgpt confused me.
Basic Salary: ₹50,000 per month
Transport Allowance: ₹1,600 per month
Gross Total Income (GTI) = (Basic Salary x 12) + Transport Allowance
GTI = (₹50,000 x 12) + (₹1,600 x 12)
GTI = ₹6,00,000 + ₹19,200
GTI = ₹6,19,200
Less:
Transport Allowance: ₹19,200
Standard Deduction: ₹50,000
Gross Total Income after deductions = GTI - Transport Allowance - Standard Deduction
Gross Total Income after deductions = ₹6,19,200 - ₹19,200 - ₹50,000
Gross Total Income after deductions = ₹5,50,000
This calculation is right, as you got standard deduction
Sir you can build one video for defence person how to do e filing itr 1
yes. in next 4-5 days you will receive such video
thanks for suggesting nice topic.
Is personal allowance and professional attire allowance are taxable?
Yes
Project Area Allowance for bank employees is taxable or not ?
fully taxable
Fuel and Maintenance reimbursement paid by company is exempt in new tax regime?
All reimbursements are not taxable
Sir, soft furnishing allowance is fully taxable or exempted. Kindly, give information regarding this.
Thanks
Yes, sure, it's fully taxable
Sir I chose new tax regime with my employer, under section 10 in my form 16 B it says I can claim 49200 exemption which is special area allowance paid to employess working in most difficult areas.. I work in a bank.. is this exemption correct?
no, there is no such exemption in law in new tax regime
What about fitness and professional allowance in which category thwy are coming sir
fully taxable
Children Education allowance of Rs 1200 (100x12) for one child has already been added to my gross salary shown in Form 16. Hence may I claim deduction of this Rs 1200 for refund in the "New ITR" clause Section 10(14)(ii).....? Plz reply....🙏
I am a super senior citizen having net taxable income exceeds Rs 5lacs for fy 22-23 pension plus.I i have to pay addl tax of Rs 12500 from 2.5 to 5lacs? Or have to pay tax only for the amount exceeding Rs5 lacs for fy 22-23? There are different version pl clarify namaste
for super senior citizens first 5 lac is tax free. hence you have to pay 20% or
30% tax as the case may be for income above 5 lac
subscribe my channel for more updates
Dress allowance kya taxable hai new tax regime me?
exempt
Thanku sir maja aa gya❤
Glad you like this video
what about Transport allowance for government doctors ? Can it be be claimed under exemptions ?
It's depending upon the nature. For which transport allowance given, if it for conveyance then fully exempt.
If it is just as salary pacakaage then it's fully taxable
Sir, yeh Allowances ka exemption ka benefit lene k liye employer ko karna hoga ya employee direct exemption le sakte hai
Employer se allowances ki exemption lijiye
I am working with citi group, my salary component shows 'car entitlement allowance ' .so under which IT section I can claim exemption?
I am using self owned car for daily office travel
car entitlement allowance is just a simple allowance as per your designation. hence it is fully taxable.
if you get it in shape of reimbursement of petrol, driver salary etc than it would be called perquisite. in that case you could claim partly exemption .
@@incometaxwallah thank you, If I lease car from company then I will get tax benefit for fuel,emi, maintenance right?
@@shrisaitoursandtravels7303 correct
HRA u/s 17(2) paid by employer, but at the same time it is deducted by employer, as I am staying in staff quarter How it will treat in return of income
Sir meri salary slip m mention hota h-
1:- Basic salary
2:- DA
3:- Other allowance
4:- Night duty
Sir mera ye confusion h ki m section 10 kese dikhau ya to m Other allowance × 12 kr ke kru ya fir kese kru????
Plz help m sir
Isme se kuch bhi exempt nahi h.
Normal itr 1 file karo aur pura tax pay ker dijiye
@@incometaxwallah ok thanks sir🙏
Dear sir,my salary is more than 20 lakhs per annum..but in my payslip there is no separate mention of fuel allowance..can claim in ITR filing of all these allowances?
Can I calim conveyance allowance along with standard deduction of 50000
yes,
Hi sir. Pls clear my doubt.
In my salary slip , my employer gives
1. Uniform maintance reimbursement - 3500 per month
2. Conveyence reimbursement - 2000 per month
Are these taxable ? OR should I show any proof to avail this ?
you submit all these proof to your office , and claim all exemption through your employer.
However, you are eligible for uniform allowance and conveyance allowance.
If exemption of uniform or other exempt allowance not mentioned as exempt in form 16...then can we claim exemption of the same as notice will come if there is any difference between data shown as per form 16 and ITR...kindly suggest
you can claim but if there any difference between form 16 or ITR than you may receive notice,
so my suggesstion is don't claim.
A railway loco pilot (driver)gets 'Kilometre allowance' as a part of his salary. does he gets exemption u/s 10(14) transport allowance for running staf
kilometre allowance is fully taxable
Internet and transport allowance?
internet net allowance fully taxable
transport allowance exemption nil w.e.f. AY 2019-20
Earlier to this 1600 Rs. PM
Education allowance,utility allowances are taxable or not in IT2
Children education allowance is exempt 100 rs. Per child per month.
Utility allowance is fully taxable
I AM A GOVT EMPLOYEE,i HAVE BEEN ISSUED A FORM 16 WITHOUT GRANTING EXEMPTION ON CONVEYANCE ALLOWANCE AND ANNUAL(ACADEMIC) ALLOWANCE .how TO go ahead
Sir posting allowance jo transfer Hone pe milta hh paramilitary forces ko wo exempt hota hh kya??????
Sir?????
स्कूल teacher dress allowance को कैसे tax me छूट ले सकता हौ और कितनी maximum
fully exempt under uniform allowance
@@incometaxwallah school teacher को uniform allowance नही मिलता है, तो वो कितने amount तक का Tax exemption ले सकते है under Uniform Allowance!
Sir for LTA we consider block of year i.e, from JAN to DEC and for Income Tax Calculation we have to consider Financial year i.e, APR to MAR-22, If any employee travels in FEB-22 den does it come under 2018-22 block of year or 2022-25 block of year ? plz advise sir
it cover under 22-25
spectacle Allowance of Govt employees. ... Taxable ?
Sir remuneration of CBSE or NIOS are taxable or not? Kindly guide and ITR section
all the remuneration taxable. you may be asking about paper checking remunation of CBSE.
If so that is also taxable as income from other sources
Driver salary allowance kaha cover hoti he ( servant or helper allowance)
ESI or pf ki liability company ho sakti he ??
na servent na helper. its fully taxble.
company and employee both have esi and pf liability by a certain percentage
subscribe our channel also
@@incometaxwallah
Sir if a company is paying driver allowance to employee, whether it is exempt or not in the hand of employees??
Second if the company is paying a driver allowance to the employee, so Is it required to pay pf and esi for the driver ?
driver allowance to employee is fully taxable.
second, pf and esi is something different from salary but employee also has to contribute certain percentage from his salary
SIR RMA ( RATION MONEY ALLOWANCE) IS EXEMPT OR NOT FOR PARAMILITARY PERSONAL..??
Fully exempted
@@incometaxwallah sir RMA form 16 me mention nhi hh iss case me kya karu ????
tough location allowances4100 per month is taxable or not taxable.in new tax regime calculation
TAxable in new tax regime
is sumptuary allowance given to judges is exempt under new tax regime
its tax free in new tax regime also
Please tell me tough location allowance 4100 is taxable or not in new tax regime
ok
Sir, in the salary of government employee , every month we get TA & DAon TA approx 1800 +900 or as per city.
kindly clearing that is it exempted for tax or not...thanks❤❤
what about special allowances. can we avail any benefit by special allowances (this is very common term and part of many IT employee).
lot of questions arise on it
special allowance is a residury allowance, its fully taxable
Sir ji jo force ko TPT. Aur SDA allowance milta ha bo kitna exempt hota ha please reply this
fully taxable
I get LTA from the company and I have traveled but forgot to submit the travel documents to the company. I have all documents. So can I claim it directly while filing ITR?
yes, you can claim
Paramilitary CRPF or other forces ke exempt allw or kon se section mai atte hai
All allowances are cover u/s 17, section 10 of income tax act
Good morning sir need your assistance on below.
Transport allowance 4000 pm
Food allowance. 2000 pm
If above are the part of our salary then can we claim transport allowance 1600 p.m as food allowance as 1000 p.m as tax exemption if yes pls guide me as section in which I can claim
Morning,
Dear Uttam singh,
you can take benefits of both as transport allowance just like a conveyance alowance for officer goers.
but i suggest you to take benefits, of two allowances you have mentioned, through your employer so that they could reflect in your form 16.
out of form 16, claiming exemption of these allowances. i don't suggest
What about Travel from office to home
Not eligible
Sir में railway employee हूँ मैं transportation allowance के बारे में जाना चाहता हूँ ये किया section 10(14)>ii with 2BB 2 में दिखाई जा सकती हैं जो की घर से ऑफिस जाने के लिये मिलता है.
यह दिखाया जा सकता हैं लेकिन रैल्वे डिपार्ट्मैंट के जरीये आप इस एग्जैम्पशन को कलेम करे
Sir new slab me transport allowance 10(14) (I) Rule 2BB or 10(14) (II) rule 2Bb kisme aur kitna claim kar sakte hai...???
In new slab only 4 allowance get place for exemption.
Transport allowance (for physically challenged person)
Conveyance allowance
Traveling allowance
Daily allowance
@@incometaxwallah Thank you sir..Sir Transport allowance old slab me exempt claim kar sakte hai.. maximum amount kitna milega?? Please help me
@@arpanmondal8274 allowed up to 3200 pm
@@incometaxwallah Sir I am not physically handicapped as a normal government employee can I claim transport allowance(Old Slab)??🙏
Sir
New tax regime में convayance allowance का deduction नहीं हो रहा है कृपया स्पष्ट करें
It's allowed in new tax regime
Hi sir , i. March i was transferred from delhi to Bangalore i had expense of 70k but company gave me 30k. Can i ask for tax exemption for 40k remaining? please reply sir
no,
Kilometer allowance and leave allowance of railway..guard/loco pilots ko milta hai...its taxable or not...?
both are taxable
I get design allowance for my designated post by state government will this allowance is taxable or non taxable.
fully taxable
Thank you sir for such informative video . sir i have one doubt , plz guide me , sir i am working in pharma company , company is paying me professional pursuit allowance every month , is this allowance fully exempted .plz guide me sir.
Feeling Glad you like our informative videos, Share and get subscribed from others also so that they could also be benefitted.
now come to point, As Professional pursuit allowance is for encouraging academic, research, and trading. Hence it is covered u/s 10(14)(i) of income tax act 1961. So it is fully exempt subject to that your actual expenditure is equal to or greater than the professional pursuit allowance you received.
I hope you got the answer of your question.
if still any doubt , please let us know.
@@incometaxwallah thank you sir
Good day. If a person is completing his NRE days and filling ITR in last few years but he is unable to complete his NRE status this year. Is there is any clause that he is exempted from income tax this year.
If you have no Indian income, then no need to file itr in india
Good day sir. Earlier i am holding the NRE status. Last year i am not able to do the same. Is there is any problem in future arises???
problem arise or not, we can't say unless we know your financial data.
Sir I am having personal allowance in my pay slip and form 16 . My auditor included that in Exemption while doing return ..is that correct ..?
No, personal allowance is fully taxable
Can I get conveyance allowance deduction after standard deduction
Hi I'm assistant loco pilot in Indian railways...my kilometre allowance is fully taxable or partial taxable?
Also about transport allowance?
kilometre allowance is fully taxable,
transport allowance is exempt upto 1600 pm
Sir,
Is furniture allownce taxible or not. Please guide me sir
It's fully taxable
The daily commute to office expenses, can i claim it in TA exemptions? the distance could go to 80km
yes. but through your employer form 16
Hello sir I am working in psu bank .I want to know whether the special allowance we get in salary slip is taxable fully or not??
special allowance is a residury allowance and it is fully taxable
subscribe this channel for more updates
Hi sir. I received conveyance reimbursement as 2000 per month from my employer.
I'm from tamilnadu. My work location is Delhi. Can I submit my travel ticket from Chennai to Delhi as proof to claim this conveyance allowance in my case?
See, there are two things, conveyance reimbursement and conveyance allowance.
Conveyance reimbursement is not taxable ever.
@@incometaxwallah thanks for the quick reply sir. 😊
defence forces ko milne wale allowances ke baare m bataye sir plz.
Sure, soon
Good evening sir. i am a railway employees loco pilots please clarify transport allowance. leave allowance. NDA and NHA is taxable or exempt income please reply sir.
Transport allowance , loco pilot allowance
night duty allowance, national holiday allowance
all are fullly taxable
The allowance which you listed in fully exempt is not provided by my company in the salary slip. Can i still claim these allowance?
You can take benefits only when you receive those allowances from employer.
thanks sir
Most welcome
I just want to know that if I am living in my own house , will i get the HRA as cash or other allowances which I don't use ??
you are not eligible to claim HRA Benefits
@@incometaxwallah sir I am not talking about tax benefits I just want to know that , HRA amount present in the gross salary will be given to me or not
hra will be given to you as your salary
Sirg, me railway me hu. Muje national holiday allowance and night duty allowance milta he.
To kya isko exemption me dikha sakta hu?
No
@@JM-zl8bi sir old regime choose krne par....govt teacher ki itr me.... 2023 -24 k liye jo itr bharege usme.... 1600 pm ka exemption le skte h.
Form 16 me bus normal TA on DA likha hota h..... Alag se kuch description ni hota.... Traveling h , transport h ya conveyance h
I am software engineer and my company provides me personal pay instead of special allowance. Will it be fully taxable?
Fully taxable
Night shift allowance taxable hai ya exempted pls reply
fully taxable
Sir, what is management allowance?
what ever it is but its fully taxable
Pls sir tell me ,,Nursing allowance is taxable और not
its fully taxable
sir, can i get tax benefits of all the 6 allowances as you told in video, in new tax regime.
Deduction for all 6 allowances not available in new tax regime. Only 3 allowances are available for deduction as I told in my video
Sir
CCA and HRA both claim kr skte h ek saath?
CCA is fully taxable. You can claim exemption only in HRA
Sir jo conveyance allowance hota hai daily perform duty ke liye uske liye hum maximum kitne rupay exempt krwa skte hai ITR fill krne pr.
there is no maximum limit,.
but conveyance allowance not for daily performance on duty.
it is for conveyance expenditure incurrered for going outside of office for office work
@@incometaxwallah thanks sir....
Sir, as you mentioned allowances are exempted because of their nature (Reimbursement nature) ...so, can we claim for internet allowance (we are getting this because we are doing WFH and eventually paying it first)
Thing is that we are getting flat 500 if we are not submitted any broadband bill receipt but if we have submitted broadband receipt then it's 1000 flat ( irrespective of actual bill payment)
All the allowance are not exempt even they are of reimbursement nature.
Hence internet allowance is fully taxable in case of WFH.
One more thing, it is fully taxable when you are in receipt of interest allowance even before WFH service.
If it start after WFH as reimbursements than it is not taxable
I m govt servant.... I want to know in LTC, expenses done for travelling ( railway, bus fare) whice is provided to govt servent is exempted in new tax regime or not??
no
Sir mai army Maj hu
Or mai ration ki jagah ration money leta hu
Ration army mai free hai
Ky mai RATION MONEY EXEMPT ker skta hu
Or
TPTL v
It's a kind of reimbursement, and all reimbursement is not taxable
Sir, if in payslip conveyance allowance per month is Rs 1600 can it be exempted?
You can claim in itr, but you should not.
always claim exemption through your employer