Understanding ITES Tax Declarations: What Expenses Can You Actually Include?

sanmicro
Hey, can anyone explain to me what expenses we can show in the declaration form for ITES for the current tax slab? I have a package of 2.70, and they (HR) are saying I can't show personal loan expenses.
sanmicro
Attached is the declaration form. Please read it and reply to me as soon as possible. Thank you in advance.
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nareshdeshmukh
Yes, you cannot show personal loan expenses, which means you cannot claim deductions under the various sections of the Income Tax Act, 1961. (Red-colored marking not necessary.)

Regards,
Naresh
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