Dear Pon Sir,
Will you please enlight us what are the Income Tax Act section where you have mentioned below remarks
You can ask for 240000/- towards fuel & maintenance charges (if you own 4 wheeler) or 60,000/- p.a. for 2 wheeler.
Ask for 40% as basic of Rs.18L. That means 6.4 L. In Basic, you can claim as 50% of basic as HRA as Noida falls under NCR. (HRA minus 10% of your basic is tax exempted).
You can ask for 15000/- towards Medical assistance (tax exempted subject to production of bills)
You can ask for 2400/- P.a as Children Edu Allowance (if you got 2 children)
You can ask for 240000/- towards fuel & maintenance charges (if you own 4 wheeler) or 60,000/- p.a. for 2 wheeler. If you don't own any vehicle, 9600/- towards conveyance allowance is tax exempted.
You can ask for club expenses upto 2.00 L p.a. (you need to produce clud registration, club id card and receipt - Club means helath club, holiday club, other registered clubs)
You can opt for food coupons upto 2700/- p.m (tax free)
You can opt for Gift coupons upto 5000 p.m(tax free)
remaining will go into Spl,allowance which is fully taxable. Feel free to post for any doubts.
5th July 2011 From India, Pune