Dear Connections, Please guide me on the standard deduction of income tax. Does standard deduction include conveyance and medical allowance?
Is mobile allowance exempt from income tax if yes then how and to what extent?

From India, Noida
Dear Richa-Rajput1,

The Standard Deduction has replaced the deductions of Conveyance and Medical Allowance. So now only Standard Deduction is allowed. No deduction allowed on Conveyance and Medical Allow.

The Mobile allowance can be exempted if it is paid separately (not with the salary) and considered under Reimbursement category. The amount should be reasonably fixed by HR-Fin. Dept, so that it should not be challenged by Income Tax Dept.

From India, Delhi

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