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Daisyjolly
Hi Can you please provide non taxable heads under salary thanks daisy
From India, Ahmadabad
vivekannaji
2

HRAExemption

HRAallowance receivedbytheemployee

Or

Actual rentpaid–(10% ofBasic+ D.A.)
Or

50%of (Basic+ D.A.) incasethelocationis(Mumbai,Kolkata,Chennai,Delhi) or40%of (Basic+ D.A.) incaseofother cities.

Whicheverislessoftheabove three.

ConveyanceExemption

MaximumExemptedu/s10uptoRs.9600p.a.
(i.e.@Rs.800 per monthwhenpaidalongwith the salary)

MedicalExemption

MaximumExemptedu/s10uptoRs.15000p.a.basedonthebillsproducedbythe employee
(i.e.@Rs.1250 per monthwhenpaidalongwith the salary)

EducationExemption:

MaximumExemptedu/s10uptoRs.2400p.a.basedonnoofdependentchildren’s declaredbytheemployee
(i.e.@Rs.200 per monthwhenpaidalongwith the salary)

TelephoneExemption:

MaximumExemptedu/s10uptoRs.18000p.a.basedonthebillsproducedbythe employee
(i.e.@Rs.1500 per monthwhenpaidalongwith the salary)

PetrolandVehicleMaintenanceExemption

ForCar :Rs.1200p.m. * 12months = 14,400
ForDriver :Rs.600p.m. * 12months = 7,200



From India, Madras
TELIKEPALLI
85

Dear Vivek, The way you explained is really good, about non taxble heads for salary employees. Thank you very much for your useful information. Regards, Sravan
From India, Hyderabad
Daisyjolly
Hi Thanks for your response, Can you also advise if it is compulsory for a company to issue FORM 16 to employees who do not come under taxable limit? Will salary slip suffice? thanks daisy
From India, Ahmadabad
pon1965
604

Even if the income is below the exemption limit, the individual has to file the returns. for filing the returns, Form 16 is required.
From India, Lucknow
Daisyjolly
Hi Thanks for your response Our CA informed us that salary certificate will do in case of Form 16, for those employees who are below taxable limit, it is right?
From India, Ahmadabad
viloknandan
1

Technically org should issue Form 16 to each and every permanent employees irrespective of there salary range coming within whatever band.
From India
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