Hi Rubina,
Taxable amount - Basic, other allowance.
Non taxable - Food coupons, Conveyance, Medical allowance (15K max), LTA (produce the bills),
in other allowance - if the employee has children (max. 2) he /she can get the Child education allowance upto 100/- per month per kid. is tax free. If the employee is in sales section - Petrol allowance is also tax free.
HRA - (actual HRA / 40% of Basic/Rentpaid - 10% basic) which ever is less is tax free.
hope this clears your doubt.
if u want more details - call me +919901921296 or mail: [Login to view]
cheers
suneel.
Taxable amount - Basic, other allowance.
Non taxable - Food coupons, Conveyance, Medical allowance (15K max), LTA (produce the bills),
in other allowance - if the employee has children (max. 2) he /she can get the Child education allowance upto 100/- per month per kid. is tax free. If the employee is in sales section - Petrol allowance is also tax free.
HRA - (actual HRA / 40% of Basic/Rentpaid - 10% basic) which ever is less is tax free.
hope this clears your doubt.
if u want more details - call me +919901921296 or mail: [Login to view]
cheers
suneel.