Dear ,
I hope following info is sufficient for you.
Allowances/ reimbursementsAllowances are normally paid irrespective of the employee actually incurring them. These are fully taxable if no bills are provided. However, if the expenses are actually incurred and bills provided, they are not taxable up to a specified limit under eachTraining allowanceAn amount of up to Rs 14,000 per annum is tax-free if the employee provides relevant billsTelephone allowanceAn amount of Rs 12,000 per annum is tax free if the phone is used for official purposes and bills submittedHRAHouse Rent Allowance can be claimed if one lives in a rented premises and the rent exceeds 10 per cent of the salary. The actual HRA exempted from tax is least of the following:
The actual amount of HRA received.
40 per cent of salary. This increases toOffice Wear Allowance / Uniform AllowanceAn amount of up to Rs 18,000 per annum is tax-free if the employee provides relevant billsLunch and RefreshmentAn amount of up to Rs 15,000 per annum is tax-free
ConveyanceFor conveyance, up to Rs 800 per month is allowed as deduction without providing any billsMedical allowanceBills have to be provided; up to Rs15,000 per annum is allowed as deduction. This can be claimed for self, spouse, children, parents and siblings who are dependent on the assessee.Leave and travel allowance:Two trips in a block of four years is allowed and only travel within India can be claimed as deduction. It can be claimed for self, spouse, children, parents but only if the employee (assessee) is travelling along with them. There is no maximum limit on itEducation allowanceAn amount of up to Rs 2,400 per annum is tax-free.
B Regards ,
Shrikant Ghodake