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Allowances Which are Fully Exempt? | Allowances in income tax | Fully Taxable Allowances | Allowance

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Income Tax Wala: (Financial Expert)

Income Tax Wala: (Financial Expert)

Жыл бұрын

In this video, we explained the Allowance which are fully exempt and allowances which are fully taxable. Basically all kind of fully exempt allowances are part and parcel of salary structure of an employee.
There are various kind of allowances some of them are fully exempt allowance and some of them are not. Few allowances like Transport allowance, Daily Allowance, Conveyance Allowance are exempt even in New Tax Regime.
Few allowances are of such kind which are Fully Exempt for Diplomats, High Court Judges and Supreme Court Judges as well.
Allowances Which are Fully Exempt? | Allowances in income tax | Fully Taxable Allowances | Allowance
Various Income Tax Act Sections Explained Like 10 (14), 10 (7) etc.
In this video we will know how to save Income tax on Allowances Income. Various type of tax planning on Salary #Allowances Income. Income Tax Section. This is a perfect recipe for tax planning regarding Salary Income and save Tax on Salary Income.
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In this video we explained:
1. Allowances Which are Fully Taxable
2. Allowances Which are fully exempt
3. Fully Exempt Allowances
4. Salary Allowances
5. allowances in income tax
6. Which are exempted allowances?
7. Allowances par kaise Income tax lagta hai?
8. Section 10 (7) of Income Tax Act 1961
9. Section 10 (14) of Income Tax Act 1961
10. How to save tax on Allowances Income?
11. Tax Planning on Allowances Income
12. Explain taxable Allowances
13. Explain Exempt Allowances
14. How to save Tax?
15. Income Tax Planning
how to tax allowances
allowances in income tax
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special allowance in salary
conveyance allowance
fully taxable allowances
tax free allowances and taxable allowance under the head salary
conveyance allowance exemption limit for ay 2022-23
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which allowances are taxable
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Fully Exempted Allowances
Fully Taxable Allowances
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allowances in income tax
tax free allowances and taxable allowance under the head salary
transport allowance in income tax
allowances in salary
special allowance in salary
conveyance allowance
conveyance allowance exemption limit for ay 2023-24
conveyance allowance in salary
what is allowance in income tax
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Пікірлер: 243
@incometaxwallah
@incometaxwallah Жыл бұрын
Thanks for watching! Feel free to ask any questions in comments section. I will surely reply. 👊
@balakramyoga84
@balakramyoga84 2 ай бұрын
Dear sir, Srinagar me Milne Wale risk allowance par kitna exemption mil skta hai? Please reply
@962flu
@962flu 19 күн бұрын
I took driver remibeursment lumsum in march 2023 , should thia be visible in form 16 and exempt from tax?
@ravijsingh9995
@ravijsingh9995 Жыл бұрын
Thank you Sir for this valuable information.
@travling_in_india
@travling_in_india 20 күн бұрын
Sir, Residential Allowance ke bare me btaeye jo hame Navodaya school employees ko milta h
@sayanbiswas8402
@sayanbiswas8402 21 күн бұрын
Sir sodexo food coupons allowance comes under 10(14)(i) and conveyance allowance comes under 10(14)(ii) right? Can i claim both?
@BHUPENDERSINGH-dm5pe
@BHUPENDERSINGH-dm5pe Жыл бұрын
Very nice sir g
@dr.subhasishmishra796
@dr.subhasishmishra796 5 ай бұрын
What about allowance given to work in hilly remote areas..... It is also tax free in old regime
@incometaxwallah
@incometaxwallah 5 ай бұрын
watch this video kzbin.info/www/bejne/m4KsZKekZ8ybeqM
@kishor504
@kishor504 19 күн бұрын
Where to show our book allowance in exempt income....
@deepeshpatidar6883
@deepeshpatidar6883 Ай бұрын
New tex me Nursing officer ko milne vala hard duty allowance or washing allowance ka exemption konse section me milega?
@incometaxwallah
@incometaxwallah Ай бұрын
washing allowance tax free h u/s 10 (14)ii hardship allowance fully taxable hai Subscribe this channel for valuable updates
@sagarjha9007
@sagarjha9007 Жыл бұрын
Very helpful great effort sir
@incometaxwallah
@incometaxwallah Жыл бұрын
Always welcome
@terrific935
@terrific935 Жыл бұрын
To the point video 😃
@incometaxwallah
@incometaxwallah Жыл бұрын
Thanks
@trilokchandrafulara7831
@trilokchandrafulara7831 Ай бұрын
Sir transfer k time center govt employee ko jo ghr ka saman idhar udhar le jane Or basic ka 80℅ milta hai wo kya exempted hai travelling allowance mein
@incometaxwallah
@incometaxwallah Ай бұрын
Yes 100% exempted
@trilokchandrafulara7831
@trilokchandrafulara7831 Ай бұрын
@@incometaxwallah under sec 10 14 i?
@wayofsamurai5852
@wayofsamurai5852 Жыл бұрын
Sir why gov tax allowance it is not a basic salary ???
@TRInternet
@TRInternet Жыл бұрын
I have 2 questions 1. my father receives Conveyance allowance and mobile and internet allowance. Both are exempt? 2. Also house perquisites is taxable or not?
@incometaxwallah
@incometaxwallah Жыл бұрын
1. Conveyance allowance is fully exempt subject to actual conveyance expenditure is higher than conveyance allowance. 2. Telephone or internet allowance is fully taxable 3. House perquisite is partial taxable, some time it's fully taxable.
@TRInternet
@TRInternet Жыл бұрын
@@incometaxwallah My father is a private sector employee with no kind of disability. Still conveyance allowance will be fully exempt? Also many website showing mobile or internet allowance is tax free!
@niranjanam3295
@niranjanam3295 Жыл бұрын
Please clarify🙏How to mention the food card allowance during ITR filing? Will form 16 reflect this amount? Thank you.
@incometaxwallah
@incometaxwallah Жыл бұрын
No need to mention in Itr Separately. It must be included in form 16 already
@bhupendersingh9976
@bhupendersingh9976 Ай бұрын
Closing allowances, Learning allowances and Location allowances are these taxable or non taxable, if no taxable please guide me, in which can i get relief for these allowances. Please guide me.
@sureshacit0086
@sureshacit0086 Ай бұрын
Sir in my form 16 they mentioned personal allownce ..is it tax exempt..?
@incometaxwallah
@incometaxwallah Ай бұрын
personal allowance is fully taxable
@guptainfo2974
@guptainfo2974 Жыл бұрын
Gas Allowance and fuel allowance ko kon se section me show Karu aur kiya ispe tax rebate mil payega
@incometaxwallah
@incometaxwallah Жыл бұрын
its cover under perquisite under section 17 (i) and it is partly taxable . but to give exect answer of your question i need few more information like what is cc of car used who owned that car
@mrfaizan7537
@mrfaizan7537 Жыл бұрын
Nice
@hamidkhan-gx7kv
@hamidkhan-gx7kv Жыл бұрын
Sir, I am a sales manager in a company and travel 15 to 20 days every month to perform office duties. The amount INR 30000 as salary is credited on the 7th of every month. I submit bills for expenses like hotel, bus, train, food, etc then the company transfers that amount to my bank account on random dates. My question is where can I show this amount in ITR form? a. Salary as per section 17(1) b. Value of perquisites as per section 17(2) c. Profit in lieu of salary as per section 17(3) Kindly give your suggestions.
@incometaxwallah
@incometaxwallah Жыл бұрын
No need to show those boarding lodging related reimbursements in ITR. THESE ARE REIMBURSEMENTS AND NOT PERQUISITES U/S 17 (1) OR (2)
@anshurawat6305
@anshurawat6305 2 ай бұрын
Sir, I have a doubt, kindly clarify. I am retired from government job in July 23. Till July I received HRA for four months ie up to July 23 Rs 107000/-. After retirement I am living in a rented accommodation and paying Rs 23000/- per month. Since pension has no HRA component, how much HRA I can exempt from my ITR for FY 23-24.
@incometaxwallah
@incometaxwallah Ай бұрын
HRA benefits is available only till you receive house rent allowance i.e upto july 2023 you can calculate hra exemption through following link of our website: letsmakecompany.com/hra-calculator.php subscribe this channel for valuable updates
@RamCharan-lh3gx
@RamCharan-lh3gx 6 ай бұрын
Are they allowance taxable or fully/ partially exempt (Hydel , local traveling , mobiles, )? Kindly guide .
@incometaxwallah
@incometaxwallah 6 ай бұрын
all are fully taxable , how ever, local travelling allowance may in nature of conveyance allowance where exemption allowed
@MrKuku12
@MrKuku12 Жыл бұрын
Sir, Book and Journals, Personal Allowance, Professional Allowance and Remote Working Allowances are which category of allowances?
@incometaxwallah
@incometaxwallah Жыл бұрын
remote area allowance is partly taxable, rest all allowances are fully taxable subscribe my channel for future updates
@lalitpv4821
@lalitpv4821 Ай бұрын
But sir I have a query I have gone through the income tax article and found that allowances mentioned at sr. No. 3 (Reimbursement of Expenditure on vehicle repair and maintenance) and 5 (self development allowance) are taxable. Further the Entertainment allowance comes under section 16(ii). Sir please correct me if I am wrong.
@tarakpahari7875
@tarakpahari7875 Жыл бұрын
In which column and part of itr I can claim exemption on LTC received from employers?
@incometaxwallah
@incometaxwallah Жыл бұрын
Generally LTC claimed in form 16. So please chk. Then no need to reflect in itr 1
@gyandhun6838
@gyandhun6838 22 күн бұрын
Is risk and hardship allowance taxable or not if not in which section i can claim?
@incometaxwallah
@incometaxwallah 21 күн бұрын
10(14)(i)
@gyandhun6838
@gyandhun6838 18 күн бұрын
@@incometaxwallah this is as per new tax regime or old tax regime
@gyandhun6838
@gyandhun6838 18 күн бұрын
please reply
@capiyushgoyal-ss6xv
@capiyushgoyal-ss6xv 5 ай бұрын
Thanks sir for the clarifications, i have 1 query left If employer provide supplimentry allowance and in description of supplimentory allowance mention that it includes convence allowance, transport allowance, canteen allowance etc, however breakup not mentioned Then can we take deduction of convence allowance and uniform allowance? Description of supplimentary allowance mentiones only convence allowance and etc "not specifically mentioned uniform allowance"
@incometaxwallah
@incometaxwallah 5 ай бұрын
you can't claim coveyance allowance, uniform allowance etc exemption in case of supplimentory allowance
@capiyushgoyal-ss6xv
@capiyushgoyal-ss6xv 5 ай бұрын
@@incometaxwallah thanks sir for clarification
@naveenb3248
@naveenb3248 Жыл бұрын
An employee who is receiving conveyance allowance as part of salary. Is this fully taxable or exempted in the hands of employee?
@incometaxwallah
@incometaxwallah Жыл бұрын
See, under section 10(14)(i) conveyance allowance is fully exempt but subject to that conveyance allowance you guys received is fully spent. to avoid any undesired situation, take benefit of conveyance allowance exemption from your office through form 16. overall it is fully exempt.
@gurusharma828
@gurusharma828 2 ай бұрын
Risk allowance konse sec me show kr skte h jese j&k ka allounce hain
@incometaxwallah
@incometaxwallah 2 ай бұрын
We made this video dedicated to INDIAN ARMY Watch this Video for Risk Allowances and various kind of other TAx free Salary allowances to be given to Army Persons kzbin.info/www/bejne/iqXOeKagebWHoNU Share this video to other army persons to save their taxes
@harshtharyani6979
@harshtharyani6979 Ай бұрын
whats about house rent allowance and leave travel allownace, transpoprt allownace??
@incometaxwallah
@incometaxwallah Ай бұрын
house rent allowance - partly taxable LTA - exempt upto actual travelling fare transport allowance - 3200 pm for exceptionally abled person
@exlirlife1415
@exlirlife1415 Ай бұрын
​@@incometaxwallah sir uniform allowance , transport allowance, daily allowance , are not mentioned in my form 16 then can i claim these allowance
@soumenpatra5111
@soumenpatra5111 Жыл бұрын
SAF Allowance & Enhanced Site Compensatory Allowance mentioned in Payslip, Can i claim it under 10(14) ?
@incometaxwallah
@incometaxwallah Жыл бұрын
Both are fully taxable
@lalitpv4821
@lalitpv4821 Ай бұрын
Sir good evening Sir please tell about the following allowances w.r.t the tax exemption: 1. Newspaper/Professional literature Reimbursement 2. Washing Allowance 3. Reimbursement of Expenditure on vehicle repair and maintenance 4. House Upkeep Allowance 5. Self Development Allowance 6. Canteen Allowance/Meal Voucher 7. Electricity Reimbursement 8. Professional Updation allowance 9. Entertainment allowance 10. Conveyance/Transport allowance Sir kya inme tax exemption le sakte he kya and uf yes than in which section of Income tax. Please Guide sir
@incometaxwallah
@incometaxwallah Ай бұрын
tax free (Section 10(14)(i) Newspaper/Professional literature Reimbursement 2. Washing Allowance 3. Reimbursement of Expenditure on vehicle repair and maintenance 4. House Upkeep Allowance 5. Self Development Allowance 8. Professional Updation allowance 10. Conveyance/Transport allowance Tax Free perquisite (Section 17(2) Meal Voucher 50 rs per meal Electricity Reimbursement fully / partly taxable (Section 10(14)(ii) 6. Canteen Allowance 9. Entertainment allowance subscribe this channel for regular updates
@lalitpv4821
@lalitpv4821 Ай бұрын
Thank you sir
@lalitpv4821
@lalitpv4821 Ай бұрын
But sir I have a query I have gone through the income tax article and found that allowances mentioned at sr. No. 3 (vehicle maintenance) and 5 (self development) are taxable. Further the Entertainment allowance comes under section 16(ii). Sir please correct me if I am wrong.
@nikhilmahajan4129
@nikhilmahajan4129 2 ай бұрын
I have telephone reimbursement mentioned in my salary structure with a limit of up to ₹32,000. I have bills for an amount of approximately ₹15,000. Under which section can I claim it on the income tax portal? Kindly guide.
@nikhilmahajan4129
@nikhilmahajan4129 2 ай бұрын
Please reply ​@incometaxwallah
@incometaxwallah
@incometaxwallah 2 ай бұрын
telephone reimbusement is a part of CTC and called salary perquisite and all perquisites covered u/s 17 (2) all reimbursement is tax free
@jaishankerupadhyay7928
@jaishankerupadhyay7928 2 ай бұрын
For Govt employees Night duty allowance are exempt or not?
@incometaxwallah
@incometaxwallah 2 ай бұрын
Yes, its fully taxable
@jaishankerupadhyay7928
@jaishankerupadhyay7928 2 ай бұрын
@@incometaxwallah Thankyou sir
@jaydevpathak8333
@jaydevpathak8333 Ай бұрын
Sir kay transfer TA DA claim kar sakte hai
@incometaxwallah
@incometaxwallah Ай бұрын
Transfer TA tax free. DA fully taxable
@tijilshandilya3457
@tijilshandilya3457 Жыл бұрын
if Leave travel allowance is a component of salary slip ,will it be exempted or not?
@incometaxwallah
@incometaxwallah Жыл бұрын
if you spend on travelling in lieu of leave travel allowance than is exempt upto ticket price. few more conditions are there.
@user-db2tc8wr4y
@user-db2tc8wr4y Жыл бұрын
sir, Risk is hardship allowance is taxable or not? if partially taxable, then at what rate?
@incometaxwallah
@incometaxwallah Жыл бұрын
There is no such allowance. But still any employer paying , it's fully taxable
@AnantLal-pf3pq
@AnantLal-pf3pq Жыл бұрын
Sir, Can a physically challenged government employee's transport allowance be fully exempted? if yes, then in which tax regime it is applicable for next financial year?
@incometaxwallah
@incometaxwallah Жыл бұрын
Transport Allowance exemptions as per under rules Actual Allowance INR 3200 p.m. Which ever is less (for physically challenged person it is allow in new regime Also vide notification 38/2020 dated 26/06/2020)
@neerajsingh185
@neerajsingh185 29 күн бұрын
@@incometaxwallah I am working in PSU Airport authority of india, in form 16 only HRA, washing allowance, HRD allowance and Child education allowance are exempted from tax by Employer... What about travelling allowance and canteen allowance.. Please guide me..
@mrfaizan7537
@mrfaizan7537 Жыл бұрын
Sir I have query does HRA and medical reimbursement in counted in family income because I have make EWS certificate and I heard in family income and not the reimbursement allowances
@incometaxwallah
@incometaxwallah Жыл бұрын
Hra is a income. And medical reimbursement is not considered as income
@praveenvishwakarma2102
@praveenvishwakarma2102 11 ай бұрын
My HR suggested me to give gym bills up to 30,000 rs annual, there is no tax on this. Please suggest me the process?
@incometaxwallah
@incometaxwallah 11 ай бұрын
Gym expenses allowed for fitness
@prakashjha4003
@prakashjha4003 2 ай бұрын
Sir, what is supplimentry allowance
@incometaxwallah
@incometaxwallah 2 ай бұрын
Supplimentry allowance is fully taxable . its like a special allowance
@VishnuGupta-wd6pt
@VishnuGupta-wd6pt Жыл бұрын
Sir Transport allowance is not deduting in new tax regime under sec. 10
@incometaxwallah
@incometaxwallah Жыл бұрын
Transport allowance exemption is not available in new tax regime.
@krishnendupal140
@krishnendupal140 Ай бұрын
Sir Electricity allowance taxable or non taxable?
@incometaxwallah
@incometaxwallah Ай бұрын
fully taxable
@Sukh-01
@Sukh-01 Жыл бұрын
In my salary slip around 20% is composite allowance how i can take benefit ?
@incometaxwallah
@incometaxwallah Жыл бұрын
It's fully taxable
@Mgstarr
@Mgstarr Жыл бұрын
Sir, Can we take deduction apart from what you described in your video
@incometaxwallah
@incometaxwallah Жыл бұрын
No,
@jaydevpathak8333
@jaydevpathak8333 Ай бұрын
capf me ration money allwonce milta hai oph tax exmpt hai yea nahi hai to kon sa sec me ata hai pls infom sir
@incometaxwallah
@incometaxwallah Ай бұрын
fully exempt hain section 01(14)(i)
@jaydevpathak8333
@jaydevpathak8333 Ай бұрын
01(14)(i) correction 10(14)(i)
@jaydevpathak8333
@jaydevpathak8333 Ай бұрын
Sir please reply
@hrishikeshmedhi6987
@hrishikeshmedhi6987 Жыл бұрын
The Standard Deduction of Rs 50,000 already includesTransportation allowance and medical expenditure, isnt it? Then can I still claim additional travel related expense through Section 10(14)(i)?
@incometaxwallah
@incometaxwallah Жыл бұрын
Standard deduction and travelling allowance, both are different. You can claim both
@exlirlife1415
@exlirlife1415 Ай бұрын
@@incometaxwallah traveling allowance, uniform allowance, Daily allowance is not mentioned in my form 16. Then can i claim it??
@MaheshMenapati
@MaheshMenapati 28 күн бұрын
Sir namaste iam working as central government employee with orthopedic Disabled iam eligible for transport Allowance Expections
@balakramyoga84
@balakramyoga84 2 ай бұрын
Dear sir, risk allowance, uniform allowance and children education allowance ki exemption mil sakti hai?
@incometaxwallah
@incometaxwallah 2 ай бұрын
yes
@balakramyoga84
@balakramyoga84 2 ай бұрын
@@incometaxwallah sir risk allowance ka pm ke hisab Kitna exemption le saktye hai or kon sec. Me bhara jata hai
@Marketfin2024
@Marketfin2024 4 ай бұрын
Field allounce are except able???
@incometaxwallah
@incometaxwallah 4 ай бұрын
yes
@AyushKumar-dz5jj
@AyushKumar-dz5jj 5 ай бұрын
If these deductions are not given by employer, can i claim in ITR with bills?
@incometaxwallah
@incometaxwallah 5 ай бұрын
you can claim but such claim are not recommended as it is income tax notice prone
@AyushKumar-dz5jj
@AyushKumar-dz5jj 5 ай бұрын
@incometaxwallah Than , we can submit bills na.
@AyushKumar-dz5jj
@AyushKumar-dz5jj 5 ай бұрын
@@incometaxwallah even extra hra if we claim, we can show receipts, bills
@incometaxwallah
@incometaxwallah 4 ай бұрын
You can claim, but chances of clarification or tax notice are there
@kailashmenaria2049
@kailashmenaria2049 Жыл бұрын
Sir, Rajasthan me govt doctors ko Non Practicing allowance Diya jaata hai. Kya ye taxable hai ya nhi. Pls bataye🙏
@incometaxwallah
@incometaxwallah Жыл бұрын
It's a taxable allowance. As in income tax law there is no exemption for any of such kind of allowance
@kailashmenaria2049
@kailashmenaria2049 Жыл бұрын
@@incometaxwallah thx a lot for clear n fast reply 🙏
@macgupta7930
@macgupta7930 4 ай бұрын
Sir, convence allowance is included in my salary, can i claim it without having any evidences?
@incometaxwallah
@incometaxwallah 4 ай бұрын
its always better to claim conveyance allowance exemption through office. Although you can claim, but there must be some proof of expenses
@Lostlydumb
@Lostlydumb Ай бұрын
@@incometaxwallah sir my conveyance allowance is not included in form 16/ salary total, am a government employee what should I do
@ankushrathore3491
@ankushrathore3491 Жыл бұрын
How can I get the uniform allowances in tax?
@incometaxwallah
@incometaxwallah Жыл бұрын
If uniform allowance is in your ctc of salary. Than only you can get it
@RRR-rd3lx
@RRR-rd3lx Жыл бұрын
Sir, i am a government employee. I get 700 per month for motorcycle allowance. Is it taxable or exempted?
@incometaxwallah
@incometaxwallah Жыл бұрын
Taxable
@Tylerkingclub
@Tylerkingclub Жыл бұрын
I get Vehicle maintenance Allowance. Is it exempt upto 1800₹ per month ?
@incometaxwallah
@incometaxwallah Жыл бұрын
No exemption
@ManojVerma-iy4yr
@ManojVerma-iy4yr 2 ай бұрын
Sir.meri ma jo 9oyrs ki hai freedom fighter pensioner hai.unhe 80 D ke antergat medicine par nagad thatch ki rashi ktauti ke liye anumanya hai ya nahi.kya.kishi naya dhara ke antergat kripya batayen. Dhanyabad.
@incometaxwallah
@incometaxwallah 2 ай бұрын
मान्यवर , नकद खर्चा किसी भी धारा मै मान्य नही हैं
@utsavdey7890
@utsavdey7890 Жыл бұрын
Sir!! Is north east allowance payable to bankers seeving in north east India , tax exempted?
@incometaxwallah
@incometaxwallah Жыл бұрын
its partially tax exempted i.e 800 rs. per month
@utsavdey7890
@utsavdey7890 Жыл бұрын
@@incometaxwallah thank you sir!!
@AbhishekKumar-hk7nb
@AbhishekKumar-hk7nb 2 ай бұрын
Sir Fauji ko Milne Wala Transport allowance fully exempt allowance category me aate hai ki nahi please reply
@incometaxwallah
@incometaxwallah Ай бұрын
Its fully taxable
@kirannalawade7432
@kirannalawade7432 Жыл бұрын
What is the exemption limit for section 10 (14) i
@incometaxwallah
@incometaxwallah Жыл бұрын
There is no upper limit of exemption
@shoaebalam7968
@shoaebalam7968 5 ай бұрын
Hii sir is daily allowance expemt allowance in new tax regime
@incometaxwallah
@incometaxwallah 5 ай бұрын
Not exempt in new tax regime
@MaheshMenapati
@MaheshMenapati 28 күн бұрын
Sir iam handicapped central government employee i Exemption from Transport Allowance
@mohanlalverma8138
@mohanlalverma8138 Ай бұрын
Composite transport grant In Rly is taxable or exempt ex
@incometaxwallah
@incometaxwallah Ай бұрын
railways allowances ke liye abhi working chal rahi h. wait kijiye see. transport allowance to shift from one city to another - fully exempt transport allowance to perfom duty - fully taxable composit transport grant allowance in our view fully tax free
@exlirlife1415
@exlirlife1415 Ай бұрын
​@@incometaxwallah sir am a railway employee , in my form 16 uniform allowance, telephone allowance, daily allowance are not mentioned then can i claim those allowance
@bhupendersingh9976
@bhupendersingh9976 Жыл бұрын
Learning Allowance given to officers in banks. Kindly guide regarding the same, can I take exemption for the same. If exemption available please provide section.
@incometaxwallah
@incometaxwallah Жыл бұрын
It's cover under academic allowance u/s 10(14) (I) Its exempt up to actual expenditure incurred out of this learning allowance
@bhupendersingh9976
@bhupendersingh9976 Жыл бұрын
@@incometaxwallah thank you sir
@pranjalibhoir1928
@pranjalibhoir1928 Жыл бұрын
Sir variavle Dearness Allowance received by Central government employee is fully taxable?
@incometaxwallah
@incometaxwallah Жыл бұрын
Yes, it's fully taxable Also subscribe my channel for future updates
@pranjalibhoir1928
@pranjalibhoir1928 Жыл бұрын
Thanx
@harnishsachdev7607
@harnishsachdev7607 Жыл бұрын
Sir ration money allowance ur risk allowance exempt hoga na
@incometaxwallah
@incometaxwallah Жыл бұрын
No
@sagarjha9007
@sagarjha9007 Жыл бұрын
What happens when inflation rate decrease?
@incometaxwallah
@incometaxwallah Жыл бұрын
Economy grow. And people get rich
@rkverma1317
@rkverma1317 Жыл бұрын
Video is good. However, you have not mentioned several other exemptions like PO Saving bank interest u/s 10(15)(I) etc.
@incometaxwallah
@incometaxwallah Жыл бұрын
Verma ji, actually this videos is only for allowances which are fully taxable and allowances which are exempt. but interest exemption on capital bonds, post office deposits etc are separate topic. soon you will find that too. till that watch this video. i hope you find it useful kzbin.info/www/bejne/nHuuaoiFqJ6ofNU kzbin.info/www/bejne/r5PHknR7ad95mq8 kzbin.info/www/bejne/m4KsZKekZ8ybeqM
@rkverma1317
@rkverma1317 Жыл бұрын
@@incometaxwallah Thank You very much for your prompt reply. Kindly educate us also on how to take advantage of these exemptions while filing ITR.
@incometaxwallah
@incometaxwallah Жыл бұрын
@@rkverma1317 sure, subscribe our channel for updates
@ajitfasale4607
@ajitfasale4607 Жыл бұрын
Transportation allowance is taxable or not ...
@incometaxwallah
@incometaxwallah Жыл бұрын
Partly taxable
@pranavshende222
@pranavshende222 5 ай бұрын
I am bank employee handle 2 branches bank give me daily diem and local convence allowances for second branch . any problem to show non gst or gst bill
@incometaxwallah
@incometaxwallah 5 ай бұрын
No problem, you can show any kind of bills
@pranavshende222
@pranavshende222 5 ай бұрын
Thank u
@stevejhonson3153
@stevejhonson3153 Жыл бұрын
sir for bank employees there is only one head named Special Allowance, there is no seperate head like transport allowance, conveynce allowance. Does this Special allowance comes under sec 10 ??
@incometaxwallah
@incometaxwallah Жыл бұрын
Special allowance is a residury head of allowance. Hence taxable. But you can get your ctc reshuffle if employer allow.
@stevejhonson3153
@stevejhonson3153 Жыл бұрын
@@incometaxwallah Sir fully taxablr or partially taxable ??
@stevejhonson3153
@stevejhonson3153 Жыл бұрын
@@incometaxwallah sir can u make a video on this topic
@incometaxwallah
@incometaxwallah Жыл бұрын
@@stevejhonson3153 kzbin.info/www/bejne/m4KsZKekZ8ybeqM This video is for partially exempted allowances
@Narender98052
@Narender98052 Жыл бұрын
Himachal Pradesh me government employees ko Rs.200 per month Compensatory Allowance milta hai, 2400 per year. Sir, kya new tax regime me AY 2024-25 ke liye ye deduction milegi?
@incometaxwallah
@incometaxwallah Жыл бұрын
Deduction not available in New TAx Regime
@Narender98052
@Narender98052 Жыл бұрын
Sir, आप ही ने तो वीडियो में बताया कि कुछ allowances पर डिडक्शन मिलेगी under section 10 eg Conveyance Allowance. Compensatory allowance Conveyance Allowance hi hota hai shayad. Please bataayen sir.
@incometaxwallah
@incometaxwallah Жыл бұрын
@@Narender98052 compensatory allowance is city compensatory allowance hota hain. conveyance allowance nahi hotaa
@PrabhatKumar-ko8pp
@PrabhatKumar-ko8pp Ай бұрын
​@@incometaxwallah But this compensatory allowance is not reported in AIS.
@tarakpahari7875
@tarakpahari7875 Жыл бұрын
In which column i can add Conveyance allowance exemption
@incometaxwallah
@incometaxwallah Жыл бұрын
In allowance coloum in itr first write conveyance allowance and than mention actual expenditure. Which is equal to or higher than conveyance allowance
@rimpaSharma-io9mi
@rimpaSharma-io9mi Жыл бұрын
Sir....is TPTL granted to army personnel a conveyance allowance?
@incometaxwallah
@incometaxwallah Жыл бұрын
@@rimpaSharma-io9mi no,
@mahkumda02
@mahkumda02 Ай бұрын
SIR NURSING ALLOWANCE TAXABLE YA NOT TAXABLE
@incometaxwallah
@incometaxwallah Ай бұрын
Fully taxable
@mjian5406
@mjian5406 7 ай бұрын
Sir police department me 13th month salary tax exempted h ya payable h?
@incometaxwallah
@incometaxwallah 7 ай бұрын
Taxable
@mjian5406
@mjian5406 7 ай бұрын
Sir is post office saving acc interest is also exempted??
@incometaxwallah
@incometaxwallah 7 ай бұрын
no, its eligible for deduction u/s 80TTA in old tax regime subscribe us for more updates
@nupurmahato4236
@nupurmahato4236 3 ай бұрын
Sir I am a judge in District Court. Will my home orderly allowance , vehicle allowance, Robe allowance , composite grant on transfer are taxable?
@incometaxwallah
@incometaxwallah 3 ай бұрын
every amount, every allowance given for the transfer of job is exempt upto actual amount received or actual expenditure which ever is less. so in our view, orderly allowance, vehicle allowance, robe allowance, composit grant are tax free.
@mailoffice7648
@mailoffice7648 Жыл бұрын
Sir dearnes allowance medical ke liye milta hai?
@incometaxwallah
@incometaxwallah Жыл бұрын
No,
@mrfaizan7537
@mrfaizan7537 Жыл бұрын
How can we use allowances to save tax?
@incometaxwallah
@incometaxwallah Жыл бұрын
You can get exemption from allowance as per Income tax law
@vijaykumar-xf8no
@vijaykumar-xf8no Жыл бұрын
Hello sir, I am Vijay, In my salary slip it is showing that the company giving conveyance allowance but in form 16 there are not exempted under section 10(14) can we claim conveyance allowance along with standard deduction will filling our itr. Thank You
@incometaxwallah
@incometaxwallah Жыл бұрын
You can claim, but you should not claim it now to avoid income tax notice.
@gaganpreetsingh4811
@gaganpreetsingh4811 Жыл бұрын
Why Sir?
@prakrati3247
@prakrati3247 9 ай бұрын
LTC allowance fully exempted hai?
@incometaxwallah
@incometaxwallah 9 ай бұрын
Yes
@chandrashekharmali313
@chandrashekharmali313 Жыл бұрын
Sir, transfer allowance is fully exempt or not??
@incometaxwallah
@incometaxwallah Жыл бұрын
Fully exempt to the extent of actual transfer expenses
@bekkey8433
@bekkey8433 Жыл бұрын
Railway me jo kilometre allowance milta hai o taxable hai ya nehi
@incometaxwallah
@incometaxwallah Жыл бұрын
Kilometre allowance is given to railway employees for duty on running trains. And It's taxable,
@user-nm9zj8po2w
@user-nm9zj8po2w Жыл бұрын
Sir any tax rebate in SDA in tripura
@incometaxwallah
@incometaxwallah Жыл бұрын
There is no exemption if you receive any income from state designated authority
@anjalinara4220
@anjalinara4220 Жыл бұрын
Sir kehte hai ki DA 50% of basic salary hota hai uska kya matlab hai?
@incometaxwallah
@incometaxwallah Жыл бұрын
Not necessary
@sunilkhatri6066
@sunilkhatri6066 Жыл бұрын
सर् में एक ग्रुप Dसेन्टर गवर्मेन्ट एम्प्लॉयी हूँ मुझे साल में 5000रू वर्दी भत्ता मिलता है और TPT+TPTDA 900+378=1278×12=15336रू मिलते है और 27000 रू CEA मिला है क्या में अपने itr AY2023-2024 में इनका exempt ले सकता हूँ अगर ले सकता हूँ तो कौन से सेक्शन में और कितना कितना प्लीज बताये
@incometaxwallah
@incometaxwallah Жыл бұрын
Uniform allowance, full exempt CEA 100 rs. Per month per child ki exemption claim ker lena Baki taxable hoge
@sunilkhatri6066
@sunilkhatri6066 Жыл бұрын
@@incometaxwallah thanks sir gi
@VivekSharma-69
@VivekSharma-69 Жыл бұрын
SIR RMA ALLOWANCE IS TAXABLE OR FULL EXEMPT
@incometaxwallah
@incometaxwallah Жыл бұрын
FULLY EXEMTP
@VivekSharma-69
@VivekSharma-69 Жыл бұрын
@@incometaxwallah sir one more question RHA (RISK and hardship allowance) is mentioned in form 16 83040 rs....is I have to show the same amount in the itr section?????PLEASE tell?????
@VivekSharma-69
@VivekSharma-69 Жыл бұрын
@@incometaxwallah ???????
@VivekSharma-69
@VivekSharma-69 Жыл бұрын
​@@incometaxwallahsir this exemption is for army personal or for capf personal???
@incometaxwallah
@incometaxwallah Жыл бұрын
@@VivekSharma-69 for all defense person
@TSGFREEFIRE2828
@TSGFREEFIRE2828 7 ай бұрын
Sir agar koi online betting se earn kar Raha he or agar vo 5 lacks Per year se uper earn karta ho to usko ITR file mi kitna tax dikhana padega or online betting ka tax ITR ke tor par de sakte he kay sir ?
@incometaxwallah
@incometaxwallah 7 ай бұрын
100 % betting income.
@TSGFREEFIRE2828
@TSGFREEFIRE2828 7 ай бұрын
@@incometaxwallah sir betting karna illega to nahi he na
@incometaxwallah
@incometaxwallah 7 ай бұрын
it depends, because RBI declared few websites etc as illegal
@TSGFREEFIRE2828
@TSGFREEFIRE2828 7 ай бұрын
@@incometaxwallah illegal website se Kamya hue paise pe agar tax derahe to ?
@incometaxwallah
@incometaxwallah 7 ай бұрын
wrong hai
@iAmAbhijitPatra
@iAmAbhijitPatra Жыл бұрын
Please explain with maximum limit
@incometaxwallah
@incometaxwallah Жыл бұрын
maximum limit of what
@iAmAbhijitPatra
@iAmAbhijitPatra Жыл бұрын
@@incometaxwallah Maximum limit of Examption with all Examption Claus
@tausifchauhan5577
@tausifchauhan5577 Жыл бұрын
Sir, What are the condition to get the exemptions u/s 10(14)?
@incometaxwallah
@incometaxwallah Жыл бұрын
expenses for allowance should be higher or equal to allowances of sec 10(14)i)
@tausifchauhan5577
@tausifchauhan5577 Жыл бұрын
@@incometaxwallah in my form(16) im not getting this option still Can I avail this exemption? In my salary part im getting Special Allowance more than 50k per month.
@incometaxwallah
@incometaxwallah Жыл бұрын
If you are not getting any allowance which are not covered u/s 10(14) (I) then no exemption
@incometaxwallah
@incometaxwallah Жыл бұрын
If you are not getting any allowance which are not covered u/s 10(14) (I) then no exemption
@nikkusingh666
@nikkusingh666 Жыл бұрын
Sir kya police ki 13th month ki salary fully exempt hai
@incometaxwallah
@incometaxwallah Жыл бұрын
No exemption , Who say like that
@nikkusingh666
@nikkusingh666 Жыл бұрын
@@incometaxwallah sir then how annual salary statement will be calculated? On 12month or 13 th month
@incometaxwallah
@incometaxwallah Жыл бұрын
@@nikkusingh666 12 months
@nikkusingh666
@nikkusingh666 Жыл бұрын
@@incometaxwallah sir agar hum income certificate banwate hai to annual salary statement ho to dekhte hai
@nikkusingh666
@nikkusingh666 Жыл бұрын
Sir I have one more question, if I make my ews certificate then annual gross salary will be seen for making income certificate
@kailashmenaria2049
@kailashmenaria2049 Жыл бұрын
सिर, किसी ने हाउस लोन के रख है, और जहाँ उसने मकान बनाया है उसकी पोस्टिंग वह नही होकर किसी दूसरी जगह हो गई है, । क्या अब वो hra की छूट टैक्स में ले सकता है क्या।
@incometaxwallah
@incometaxwallah Жыл бұрын
Yes.
@incometaxwallah
@incometaxwallah Жыл бұрын
kzbin.info/www/bejne/iXPNqXumhJesmNk Watch this video
@kailashmenaria2049
@kailashmenaria2049 Жыл бұрын
@@incometaxwallah very informative vdo. Thx a million for clearing the doubt's.
@mohanlalverma8138
@mohanlalverma8138 Ай бұрын
Sir ,reply
@incometaxwallah
@incometaxwallah Ай бұрын
How can I help you?
@sagarjha9007
@sagarjha9007 Жыл бұрын
Achanak employee ki death ho jati h hai to family ko dearness allowance milega
@incometaxwallah
@incometaxwallah Жыл бұрын
No.
@incometaxwallah
@incometaxwallah Жыл бұрын
But what family gets from company as compensation/ help. That is tax free
@Dhirajkumar-dh9ob
@Dhirajkumar-dh9ob Жыл бұрын
Sir I have doubt regarding Academic allowance. I get every month 8000 as academic allowance and I have enrolled my self for PGDM course. The fees I paid for 1 semester was 12000 (Enrolled in January 2023 and per semester is of 3 months) FY 2022-2023. Can I claim it in ITR filing as I didn’t disclose in in form 16.
@incometaxwallah
@incometaxwallah Жыл бұрын
yes, you can claim in ITR u/s 10(14)(i)
@RaviSingh-oz7xz
@RaviSingh-oz7xz Жыл бұрын
Sir arrears bhi fully exmemted hai
@incometaxwallah
@incometaxwallah Жыл бұрын
No, all arrears are taxable, but a tax planning rebate can be workout under section 89
@kaushikbanerjee2855
@kaushikbanerjee2855 Жыл бұрын
Sir i would like to know? Is the special duty allowance taxable? I am working in railway in Assam
@incometaxwallah
@incometaxwallah Жыл бұрын
Yes, it is
@MannanMalik-uy6yx
@MannanMalik-uy6yx Жыл бұрын
jai hind sir, mera home National high way ma ayya jo compensation mila us pa 20%texlagay kya us ka return police ha
@incometaxwallah
@incometaxwallah Жыл бұрын
Tax nahi lagega
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