What are the exemptions from salary
Answers were Sorted based on User's Feedback
Answer / ravi
The following are exemptions from salary
1. HRA
2.Conveyance Allowance
3.Entertainment Allowance in case of Govt.employees only
Is This Answer Correct ? | 31 Yes | 10 No |
Answer / usha
Conveyance rs. 800/- pm, medical allowance 15000/- pa, hra
least of following 1.hra received 2. rent paid less 10% of
basic 3. 40% of basic in metros and 50% of basin in other
cities, PT, Meiclaim under 80D up to 15000/-,
Is This Answer Correct ? | 18 Yes | 3 No |
Answer / deb
The following are exemptions from salary
1. HRA
2.Conveyance Allowance
3.Entertainment Allowance in case of Govt.employees only
4. Knowledge & skill allowance
Is This Answer Correct ? | 16 Yes | 12 No |
Answer / seetu
ta
da
hra
50% hra in metro and 40% other city
rent paid over 10% of salary of house rent allowance u/s
10(13A and RULE 2A)
convenyience allowence
medical allowence
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / v.udayakumar
HRA - 40% in cities and 50% in metros
Medical
TA
Conveyance
Children education allowance
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pj
1) HRA (whichever is less in these 3)
i)Hra received
ii)Rent - 10% of Basic salary
iii)50% in metro cities and 40 % in non- metro
2) Professional tax
3)Investment in Insurance, NSC and other allowed US 80c.....
upto RS.100000(1 Lakh)
4)Exemption of 100% for donation to National relief fund and
PM relief fund
5)Exemption of 50% for donation to CM relief fund
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / abhishek kumar
encashment of leave salary,
advance of salary,
arrears of salary,
various allowances such as dearness allowance,
entertainment allowance, house rent allowance, conveyance
allowance and also includes perquisites by way of free
housing, free car, free schooling for children of employees
all those are exemption
Is This Answer Correct ? | 3 Yes | 4 No |
please explaine the procedure cst calculation if we got credit?
What is c.s.t slab on furniture & fixture ?
Please explain how to pass entry for VAT setoff and Service Tax Credit?
One c form issued by the ETO was found misplaced.Kindly advise the procedure for reissuing .
types of tax
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
What are the exemptions from salary
10 Answers Influx Info Solutions,
what is the difference between sales tax and tax deducted at source in karnataka
what is the last date of return filling,payment of tds, professional tax,service tax, income tax, ESI,FBT for consultancy firm?
what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?
what is TDS and which apply on and its what is diffrent rates on diffrent items.
Explain long term capital gains and how is it different from short term capital gains?