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 |
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