Hello Sir, I am an employee of West Bengal State Electricity Distribution Company Limited. I perform as an Assistant Cash Officer. So I get Charge Allowance, Cash Handling Allowance & also Electricity Allowance every month. Does thiese 3 Allowances are exempted from Tax? Please Reply. Thank you.
If the employee has meal allowance and mobile reimbursement in his salary component and if he provides bills for the same. Will the portion of bills he provided will be taxt exempt?
meal allowance are fully taxable. any kind of reimbursement is tax free. so mobile reimbursement is tax free. but if mobile reimbursement is part of your ctc then it is also taxable.
Hello sir,mera ofc ne sabi allowences declaration basis pe deta hi and har allowences ka 7.5% intrest dalke, intrest amount ko perquites me dikata hi, e sahitee hi, clarity dijiye plzz
Sar meri salary 19000 he, abhi hal hi mein Delhi se 140 km dur Mera transfer kar diya gaya hai Ghar Se itni dur family ki jimmedari ki vajah se rah nhi sakta to kya main daily aane jaane ka travel allowance claim kar sakta hun
Dear sir Namaste my name is Mahesh working as Technician in Railways under Divyangjan Grounds presently My transport Allowance is Exemption in income tax if Eligible how to claim Handicapped transport Allowance through Employers Kindly inform me sir
Traveling allowances, daily allowance and helper allowances exemption allowed when these allowances are given at the time transfer of employees from one city to another city
Sir, In form 16 Conveyance allowance 19200 rupees is mentioned Can i claim deduction under NEW tax regime Do i have to show proof of expenses Do standard deduction will also be allowed?
in new tax regime only three allowance get exemptions. which are given to employee for transfer of posting from one city to another city. 1. transport allowance 2. daily allowance 3. helper allowance no any other allowance get exemption under new tax regime
@incometaxwallah Income tax department has asked "list of documents" to submit. (1)Can we submit any duplicate document? (i.e. LIC Policy). Actual Amount is less, but claimed amount is big (2)HRA was claimed 8000 per month. Yearly 96000 Rs .Income Tax department is asking Aadhar Card & PAN Card of Landlord even though, Yearly rent is less then 1 lakhs rupees. So can we create artifacts for "Rent Receipts"?
Sir iam Working in Central government mere tds teen instalment mein kata hai itr fill karte time ek he instalment dikha raha hai but form 16 or 26As mein total theek dika raha hai ise kese theek karen
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Sir is risk and hard ship allowance is exempted or not in new tax regime...???
No
Night shift allowance is taxable? Ir can claim it in special allowance...
yes,
Sir, Is Risk allowance for doctor taxable or Not in new tax regime?
taxable
Well explained sir
Thanks, keep watching and sharing
Hello Sir, I am an employee of West Bengal State Electricity Distribution Company Limited. I perform as an Assistant Cash Officer. So I get Charge Allowance, Cash Handling Allowance & also Electricity Allowance every month. Does thiese 3 Allowances are exempted from Tax? Please Reply.
Thank you.
Sir, is the entire amount of interest on savings bank account taxable under new tax regime of income tax
yes, its fully taxable
Winter allowance and compensatory allowance are taxable or not.
Kindly clarify the same.
Waiting for your response.
Fully taxable
Sir tell me about shift allowance, is exempt or taxable?
Fully taxable
Great video sir!
Glad you liked it!
Can I claim internet/phone bills for tax exemption but this allowance is not in my salary slip? I get it as a form of reimbursement....
Sir is transport allowances is exempt under old regime for normal person.
yes 1600 rs per month
Sir i receive washing allowance in my salary...so is washing allowance and uniform allowance same?... Can i claim exemption on this allowance ?
100% yes
@@incometaxwallah new tex region m uniform allowance 100 % tex examption hoga ....?
If the employee has meal allowance and mobile reimbursement in his salary component and if he provides bills for the same. Will the portion of bills he provided will be taxt exempt?
meal allowance are fully taxable. any kind of reimbursement is tax free. so mobile reimbursement is tax free. but if mobile reimbursement is part of your ctc then it is also taxable.
If we provide Sodexo meal coupons as perquisite will it be tax exempt? Upto 2200 per month?
sodexo meal courpons will be exempt upto value of 50 Rs. per meal
Hello sir,mera ofc ne sabi allowences declaration basis pe deta hi and har allowences ka 7.5% intrest dalke, intrest amount ko perquites me dikata hi, e sahitee hi, clarity dijiye plzz
Sar meri salary 19000 he, abhi hal hi mein Delhi se 140 km dur Mera transfer kar diya gaya hai Ghar Se itni dur family ki jimmedari ki vajah se rah nhi sakta to kya main daily aane jaane ka travel allowance claim kar sakta hun
Sir is Composit Transfer Grant on retirement of central government employees tax exempted
yes
Sir salary slip m keval special allowance mentioned h.. special allowance m kya ka cover hota h.. how can i make use of exemption
Sir i got transport allowance of Rs 4000 per month. What amout will take in ITR for tax exempt
transport allowance exemption has been removed now.
Now its available for handicapped person only @ max 3200 pm
Sir special pay taxable or exempt?
Fully taxable
Is nursing allowance exempt or taxable ?
Taxable
Is Night duty allowance given to Govt employees is exempt or not ?
income tax law does not differencial between day shift allowance and night shift allowance - hence NDA is fully taxable
@@incometaxwallah Thankyou sir
Hardship allowance exempt or taxable
what about the Internet Allowance component? In which category it comes and what is its tax benefit rule? Where to show it in ITR?
It's fully taxable
Dear sir Namaste my name is Mahesh working as Technician in Railways under Divyangjan Grounds presently My transport Allowance is Exemption in income tax if Eligible how to claim Handicapped transport Allowance through Employers
Kindly inform me sir
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Traveling allowances, daily allowance and helper allowances exemption allowed when these allowances are given at the time transfer of employees from one city to another city
Sir,
In form 16 Conveyance allowance 19200 rupees is mentioned
Can i claim deduction under NEW tax regime
Do i have to show proof of expenses
Do standard deduction will also be allowed?
in new tax regime only three allowance get exemptions. which are given to employee for transfer of posting from one city to another city.
1. transport allowance
2. daily allowance
3. helper allowance
no any other allowance get exemption under new tax regime
What if we opt for old resime
@incometaxwallah
Income tax department has asked "list of documents" to submit.
(1)Can we submit any duplicate document? (i.e. LIC Policy). Actual Amount is less, but claimed amount is big
(2)HRA was claimed 8000 per month. Yearly 96000 Rs .Income Tax department is asking Aadhar Card & PAN Card of Landlord even though, Yearly rent is less then 1 lakhs rupees.
So can we create artifacts for "Rent Receipts"?
1. Rent receipt must be genuine
2. no need of submission any documents if rent is below 1 lac
Sir iam Working in Central government mere tds teen instalment mein kata hai itr fill karte time ek he instalment dikha raha hai but form 16 or 26As mein total theek dika raha hai ise kese theek karen
agar 26 AS mai show kar raha h to itr form mai manually update ker dijiye
@@incometaxwallah agar form 16 and 26as dono me kewal ek instalment dikha Raha ho tab kya fill karenge
Dear CA wat is LTIC in salary
Not LTIC , we guess you are asking about LTC
Wrong notification and date quoted in this video...
Every thing is perfect in this video.
We would request you to ask your particular questions