Dear All,
We have been giving Sodexo till last month. But our Mgmt have decided to stop that. So I need to add that amount in the CTC. I need to know whether there is allowance under which the employees can have tax exemption. Pls Clarify as soon as possible.
Regards
Ranjani
From India, Madras
2We have been giving Sodexo till last month. But our Mgmt have decided to stop that. So I need to add that amount in the CTC. I need to know whether there is allowance under which the employees can have tax exemption. Pls Clarify as soon as possible.
Regards
Ranjani
From India, Madras
You can try with Uniform Allowance which is taxfree for empoyee and employer as well.. Have few more opinion on this before implmenting. PK
From India, Pune
From India, Pune
1. Conveyance is exempted upto 800/- p.m. i.e. 9600/- p.a.
2. HRA upto 50% of Basic Salary or Actual paid whichever less is exempted
3. LTA if as per IT rules - once in block of two years with a option to carry forward to next block. As per current supreme court decision no need to submit travel proof only on declaration basis.
4. Medical Allowance is exempted upto Rs.15000/- p.a. on production of bills.
5. Uniform Allowance is exempted but it can not be attire allowance has to be for uniforms.
Thats it nothing more for salaried people as far as i know.
Thanks
Regards
Pari
From India, Mumbai
2. HRA upto 50% of Basic Salary or Actual paid whichever less is exempted
3. LTA if as per IT rules - once in block of two years with a option to carry forward to next block. As per current supreme court decision no need to submit travel proof only on declaration basis.
4. Medical Allowance is exempted upto Rs.15000/- p.a. on production of bills.
5. Uniform Allowance is exempted but it can not be attire allowance has to be for uniforms.
Thats it nothing more for salaried people as far as i know.
Thanks
Regards
Pari
From India, Mumbai
Hi, Can anyone throw some more light on Uniform allowance or attire allowance? Min-max limit? Way to implment it? Thx & Regds, PK
From India, Pune
From India, Pune
Hi, For LTA now a good news for all employees for which now there is no compulsory for documentary proof it can help as tax saving. Please find details attached. regards Brijesh
From India, Pune
From India, Pune
Dear All,
Thank you for ur inputs. Unfortunately or fortunately we dont have some thing called uniform only. so we cannt provide a uniform allowance. otherwise we provide all the other allowances specified pari above. Anyways thank you all.
Regards
Ranjani
From India, Madras
Thank you for ur inputs. Unfortunately or fortunately we dont have some thing called uniform only. so we cannt provide a uniform allowance. otherwise we provide all the other allowances specified pari above. Anyways thank you all.
Regards
Ranjani
From India, Madras
Hi Brajesh,
Pls note that though the Supreme Court has given its verdicts but the same has still not been ratified by the Income Tax Organisation. A notification from them is still awaited. Hence for the time being the LTA rules are in force relating to submission of Proof..
From United Kingdom
Pls note that though the Supreme Court has given its verdicts but the same has still not been ratified by the Income Tax Organisation. A notification from them is still awaited. Hence for the time being the LTA rules are in force relating to submission of Proof..
From United Kingdom
Dear Geeta,
kindly visit www.sodexhoindia.com all your quries will be solved
Kind Regards
Vishal G
From India, Mumbai
kindly visit www.sodexhoindia.com all your quries will be solved
Kind Regards
Vishal G
From India, Mumbai
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Tax Saving on Medical Reibursement under section 17(2) .pdf
SOME OF THE TAX SAVING SAVINGS.docx