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Hi Can I have the maximum tax exemption amounts for conveyance, child education etc?? It will be very grateful if someone gives clear idea of the same. Thanks in advance Deepa
From India, Madras
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hello, how to calculate the over time. and from when over time should be calculated after half hr or one hour
From India, Chandigarh
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Hello Deepa, Please see the attached for the details you are looking. let me know if you need any further clarifications. Thanks and Regards, ayona
From India, Delhi
Attached Files (Download Requires Membership)
File Type: doc Tax Exemption (SUPERB).doc (73.5 KB, 3380 views)

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Maximum conveyance exemption you can give to an employee is Rs. 800 p.m, and if the employee is physically handicapped, an exemption can be given at Rs. 1600 p.m.

For educational expenses, starting from the financial year 2005-06, it got vanished and observed along with the tuition fees under section 80ccc.

Regards,
Uma Shankar Prasad K.V.

From India, New Delhi
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Hello Deepa,

There is no such thing as a maximum limit for LTA. I am attaching another document file; you will get to know in detail about LTA. You can log onto indiataxes.com to understand the tax implications.

Thanks and regards,
Ayona

From India, Delhi
Attached Files (Download Requires Membership)
File Type: doc LTA (REDIFF).doc (27.0 KB, 340 views)

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