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  • Deduction Exemption and Reimburing of Expenses

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    This document outlines various common tax deductions and exemptions under sections 80C, 80CCD, 80D, 10(13), and 87 of India's tax code. It details exemptions and deductions available for investments, home loans, medical expenses, travel allowances, reimbursements for office travel expenses, communications costs, periodicals, meal coupons, and a general tax relief of Rs. 50,000. In total, it provides an overview of 19 common tax deductions and exemptions that Indian taxpayers may be eligible to claim.

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    Taxs Relate

    Original Title

    Exeption

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    This document outlines various common tax deductions and exemptions under sections 80C, 80CCD, 80D, 10(13), and 87 of India's tax code. It details exemptions and deductions available for investments, home loans, medical expenses, travel allowances, reimbursements for office travel expenses, communications costs, periodicals, meal coupons, and a general tax relief of Rs. 50,000. In total, it provides an overview of 19 common tax deductions and exemptions that Indian taxpayers may be eligible to claim.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views2 pages

    Deduction Exemption and Reimburing of Expenses

    Uploaded by

    nishant1090
    This document outlines various common tax deductions and exemptions under sections 80C, 80CCD, 80D, 10(13), and 87 of India's tax code. It details exemptions and deductions available for investments, home loans, medical expenses, travel allowances, reimbursements for office travel expenses, communications costs, periodicals, meal coupons, and a general tax relief of Rs. 50,000. In total, it provides an overview of 19 common tax deductions and exemptions that Indian taxpayers may be eligible to claim.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Deduction Exemption and Reimburing of Expenses

    Basic Exemption
    PPF, Insurance, ELSS, FD, NSC, ect (Sec 80 C Deduction)
    Investment in NPS (Sec 80CCD 1B)
    Contribution of NPS By Employer (Sec 80CCD 2)
    Home Loan Interest or House Rent Allowance ( First time Buyer)
    Tax Free Medical Allowance
    Tax Free Transport Allowance
    Medical Expenses For Self and Parents (80D)
    Leave Travel Allowance (Sec 10{13} )
    Travel and Fuel Reimbursement - Office Travel
    Phone and Communication (Tele and Internet Expenses)
    News Paper and Periodicals
    Meal Coupons ( Up to Rs 50 per Meal is Tax Free)
    Relief Under Sec 87 of Rs 50000/- (i.e 10% of Income)

    f Expenses

    uyer)

    Amount
    250000
    150000
    50000
    150000
    250000
    15000
    19200
    50000
    25000
    120000
    36000
    24000
    12000
    50000

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