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.
Prashant
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Pradeep,
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.
Pon