62. Allowances - Exemption Rule 2BB | Income under the head Salary

Allowances - Exemption Rule 2BB | Income under the head Salary
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Your Query -
allowances which are fully taxable
section 10(14)(ii) of income tax act
transport allowance in income tax
allowances which are fully exempt
section 10 of income tax
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#carajkagrawal #allowance #conveyanceallowance #taxfreeincome #exemptions #taxationinindia #savetaxes #allowances #incometaxact1961 #incometax #incometaxact #taxplanning #taxinformationyoutube #caintertaxation #csexecutiveclasses #cmainterclasses #cmaintermediate #csexecutivelectures

[@StudyAtHome]

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[@spiritualbrahmad]

At 19:56 3610-2300=1310 in case of CEA(I.e. 1000, 1100,1200 exemption we taken last two ...) 10590-6790=3890 in case of H.E.A (I.e. 3000,3190,3600 we taken last two ....

[@Meatmoon]

Are sir aapne jis variety ke questions explain kiye na Children education & hostel allowance Mai 100% exam mai galti karta... Level of teaching is god level...❤❤❤

[@StudyAtHome]

Thank you so much! 😊🙌

[@ritu10.]

Thank you so much sir for providing these free lectures 🙏🙏

[@StudyAtHome]

It's my pleasure! 😊🙌

[@RohitSaw-h8j]

Better explaination 😎 with examples thanks 😊😎 u so much sir

[@StudyAtHome]

Most Welcome

[@pranavsingh5572]

thank you so much sir for providing these quality lectures

[@StudyAtHome]

You're always welcome!

[@souvikdey2087]

The best teacher I have seen in my entire life

[@StudyAtHome]

Thank you so much 😇

[@rohitjindal1356]

Maza agya sirji leacture dekhke apka humara din ban jata hae 💛 daily leactures late raha kro sir

[@StudyAtHome]

Delighted to hear that the lectures bring joy to your day! Thanks for the encouragement!

[@ambrishkumar1049]

Thank you Sir for your valuable efforts 😊 These lectures are helpful for me❤

[@StudyAtHome]

Happy to hear that 😊

[@saniyamehandistudio8828]

Thank you so much for your support 🙏🏻🙏🏻🙏🏻🙏🏻

[@StudyAtHome]

👍

[@ankitjha2]

Thank you sir ❤️ Happy Birthday to you sir wish you a very happy, healthy and prosperous year ahead ❤️

[@debashisganguly6680]

Sir, 19:55 Children Education allowances: Exempt - 2300 Taxable - 1310 Hostel Allowances: Exempt - 6790 Taxable - 3800.

[@ritikjaiswal107]

Best teaching skill so far i watch all of above other than youtubers on taxation great work sir 👌🏻 keep uploading sir 🙏🏻

[@StudyAtHome]

Your encouragement means a lot to me 😇

[@zeeshankhan90122]

THANK YOU SO MUCH SIR ,,, SIR 1 DOUBT THA ,, JITNE BHI YE ALOWANCES DIYE JARAHE HAI ,, YE GOV EMPLOYEES KE LIYE EXEMTION HAI YA NON GOV EMPLOYEES KE LIYE,,,,

[@priyanshuguptakartavyabatc2334]

The answer of the example is CEA TOTAL PAY IS 3,610 AND EXEMPT AMOUNT IS 2,300 SO TAXABLE CEA IS 1,310( 3,610-2,300) THE ANSWER OF HEA TOTAL PAY IS 10,590 AND EXEMPT AMOUNT IS 6,790 SO TAXABLE AMOUNT IS 3,800( 10,590-6,790)

[@StudyAtHome]

Good👍

[@KrishnaRoy-ek4io]

Sir mera dono v ans sahi aaya 😊 thankyou so much guru dev 🙏 itna aacha se samjhane ke liye

[@StudyAtHome]

Good. Keep it up 👍🏻

[@VikasSingh-jx6sj]

Sir apane lec ke sath sath rule 2bb ke exemption ka jo reaction diya wo bht awesome tha 😃😃

[@StudyAtHome]

Thank you! 😄

[@ASHUTOSHKUMAR-ro1eq]

Sir ye allowance for transport employees ka deduction flight attendant/ cabin crews ko bhi milegi kya because they also work in transport system??? unko basic flying allowance ke naam se milta hai.

[@ashishrana745]

Sir ICAI module mein Page no. 3.27 illustration no2 mein jaise 2 tareekon se taxable allowance nikalni hai.. Mtlb ek toh option of shifting out of default tax regime hai or dusra under default tax regime. Aur under default tax regime i.e., u/s 115BAC mein ye sb allowances pe exemption nahi milti kya?

[@StudyAtHome]

various exemption is not available when you are paying Tax as per new regime. These things have been taught in Sec. 115BAC Video. Watch this - kzbin.info/www/bejne/hZakoZqImbiaiNE

[@mdjahangiralam1009]

Thankyou sir for explaining in a very easy manner

[@StudyAtHome]

You're Welcome!

[@CallMeRandomGuy]

Thank you sir what a great teaching skill you have 👑❤️

[@StudyAtHome]

You are very welcome! Glad you like my teaching skills😊

[@ankitjha2]

I've a Doubt sir ..... Sir will these limits change in case of 115BAC ..? In the study material Page No. 3.27 the amount of taxable Children Education Allowance is changed in case of New Tax Regime ... Please clarify sir ...

[@gautamthakur9164]

Bhai study mat ke ch ke starting me ek chota sa format given hai usse pata chl jaega waise ye sb allowances taxable hote hai new scheme me

[@ankitjha2]

@@gautamthakur9164 Ooh yeah Thanks buddy

[@StudyAtHome]

the exemptions which are not allowed us 115BAC are taught in Basic concepts chapter. Watch here - kzbin.info/www/bejne/hZakoZqImbiaiNEfeature=shared

[@ankitjha2]

@@StudyAtHome ok thanks sir

[@SahilKumar.05]

Your lecture are helpful for students

[@StudyAtHome]

Thank You! Glad you found these lectures helpful.

[@roshanivimal3319]

Sir i have a doubt Allowance for transport & Underground allowance this both are allowed for new tax regime 115BAC

[@KitabeeOrg]

Sir 3 children hai, A B C. children education allowance A aur B ka zyada hai, and hostel allowance B C ka, toh bhi same way mei calculate karenge jaise aapne kiya?

[@StudyAtHome]

Yes

[@sidhesh15]

Sir ismay new scheme nhi h ??wo ek he bar may sec 115BAC alag se krwaenge app ?

[@StudyAtHome]

Sec. 115BAC is already done! We shall not repeat. kzbin.info/www/bejne/hZakoZqImbiaiNEsi=UGNcXUCTSEpGN8tK

[@SrishtiGoel14]

Thank you very much sir 😊

[@StudyAtHome]

You're most welcome! 😊

[@Atuls0817]

Transport allowance normal bnde k liye bhi to exemption hna sir.. Apne Exempt kyu ni kiya??

[@Professional-Rohit]

Sir apki lectures nhi aati ha to lagta ha study complete nhi hua thank you sir ❤

[@StudyAtHome]

Glad to know that! Thank You🙌

[@PrakashRoy-w9y]

Thanku sir. lots of love ❤

[@StudyAtHome]

Always welcome, thanks for your love and support😄🙌

[@debashisganguly6680]

25:53 the best funniest part in this lecture 😂. Thank you sir for you support and knowledge ❤ in funny & intresting way ❤

[@StudyAtHome]

It's my pleasure! Glad you liked it! Keep watching! 😄🙌

[@ankitjha2]

19:55 Exemption: (CEA) Munnu : 100*10 =1000 Chunnu : 100*11 =1100✅ Punnu : 100*12 =1200✅ EXEMPTION: 1100+1200= 2300 Exemption: (HEA) Munnu : 300*10 =3000 Chunnu : 290*11 =3190✅ Punnu : 300*12 =3600✅ EXEMPTION: 3190+3600= 6790

[@the_wayitalk]

mast padhate ho sir

[@StudyAtHome]

Thanks

[@yashsoni4727]

thank you sir very much

[@StudyAtHome]

Welcome

[@kriparadhekrishn]

❤ Thank you so much Sir

[@StudyAtHome]

Welcome

[@ameetopiwala7255]

Thank you so much sir for the wonderful lecture 😊

[@StudyAtHome]

You're most welcome! 🙌

[@demon04x]

Thank You Sirrrrrr ❤🙌🏻

[@StudyAtHome]

Welcome

[@sourabhyadav657]

Thank u sir ji exemption for choutu 1100 and motu is 1080

[@StudyAtHome]

You're welcome!

[@राजकुमारटी.जी.टी.सामाजिकविज्ञा]

Assessment year 2024-25 में क्या new tax regime में disabled govt employee के लिए transport allowance की exemption का कोई प्रावधान है यदि है तो कितना और किस section के तहत ये exemption प्राप्त कर सकते है

[@StudyAtHome]

Yes hai, same as old regime

[@binalpatel7172]

Ye video miss ki hoti to children education and hostel Allowance Exam me galat calculate ho jati Thank you sir for right understanding ❤❤

[@StudyAtHome]

It's my pleasure!😊

[@roshanivimal3319]

Sir CEA mei 2300 would be exempt and for HEA 3800 will be exempt

[@dhruvathakur3750]

Sir pls icai ke latest module of taxation ke illustrations bhi solve kejeye na

[@StudyAtHome]

Yes covering

[@dhruvathakur3750]

@@StudyAtHome sir covering??? Sir..Are you trying to say you will be covering in the future lectures Plss sir the salary heads illustrations in icai module are very tricky and hard to understand Will be waiting for your lec on icai salary and other heads illustrations

[@gautamthakur9164]

Sir study material me 5 -6 aur allowance given hai wo imp nahi hai kya????

[@StudyAtHome]

Ignore that

[@mavanihetal6024]

Munu , chunu, punu vala ex me hotel allowance me exempt 2300 &hotel allowance me exempt 6900

[@Meatmoon]

21:31 No Allowance 290 mila tha toh exemption bhi 290 tak hi restricted hai or 11 month hi mila tha 290*11 : 3190 Yesa nhi ho sakta ki allowance received horra hai 290 ka or exemption lere ho 300 ka Exemption can not exceed the income Hope it clear

[@nripendraku]

Chunnu 1100+punnu 1200=2300 will be exempt rest is taxable for CEA and chunnu 3190+punnu 3600=6790 will be exempt rest is taxable for HEA

[@CMBABDULAHAD]

Thank you sir

[@StudyAtHome]

Most Welcome!

[@tusharrajput9149]

Answer is correct sir 1100. Is taxable

[@StudyAtHome]

Good!

[@hiteshkamrani50]

Very helpful video sir

[@StudyAtHome]

Thanks you!

[@Amitkumar-vl3dn]

exemption for chotu = 1100, motu = 1080, khotu = 1000. so, total exemption = 2180. 3280-2180=1100 taxable. for chunnu munnu punnu exemption for children education IS 2300 and exemption for hostel expenditure is 6790.

[@nripendraku]

Exemption will be grant for chhotu and Motu=1100+1080=2180 will be exempt rest is taxable

[@LICBABA-k8y]

Super se bhi upar 🎉🎉🎉❤❤

[@StudyAtHome]

Thank you so much!🙌

[@sujitkumarpaul9077]

Sir, hostel and PG kya same hai? Agar kisika baccha PG mai rah raha hai toh iye exemption milaga??

[@StudyAtHome]

Wo hostel, school ya college ka hi hona chahiye tbhi exemption milegi

[@RitikaSingh-ki7jc]

Happy CA Day sir💕.

[@shrikanthknkumar3402]

19:21 CAE exemption 2300 and Taxable 1310, HEA exemption 6790 and Taxable 3800

[@StudyAtHome]

👍

[@kgrvkt]

Thank you so much sir❤

[@StudyAtHome]

You're most welcome!🙌

[@subhajitmajumdergamezone]

Enjoyed ❤

[@StudyAtHome]

Thanks

[@BILOOBADSHAH-xc8fd]

Congratulations for 400 k ❤ sirji

[@StudyAtHome]

Thank you!

[@Mousiee765]

62 ✅ THANK YOU SIR 🎉🎉

[@StudyAtHome]

Welcome 👍

[@mdjahangiralam1009]

19:23 CEA me 2300 exemption hai and HEA me 6790 exemption hai

[@raj_bhanushali]

thank you guruji😍😍😍🥰🥰🥰🥰🥰❤❤❤❤❤❤💞💞💞💞💞

[@StudyAtHome]

You're Welcome!😊🙌

[@KamalAggarwal-vs8cp]

Useful demo

[@UjjwalKumar-pf2gx]

CEA taxable- 1310, HEA Taxable- 3800

[@jharagini3862]

19:20 CEA me 2300 or HEA me 6790 exempt hoga

[@ankitjha2]

15:08 Exemption : Chotu 100*11 = 1100 ✅ Motu 90*12 = 1080 ✅ Khotu 100*10 = 1000 Exemption: 1100+1080 = 2180

[@Aditi_noir]

19:21 CEA exemption= rs.2,300 HEA exemption= rs. 6,790

[@financenmore7861]

Section 10(14)(i) exemption available under new regime?

[@StudyAtHome]

No

[@Student_._.]

15:08 exemption= 2200, cea taxable= 1080

[@niranjanas4383]

Thank you sir

[@StudyAtHome]

Welcome!

[@aadibhardwaj9266]

Education exemption 2300 and hostel exemption 6790

[@krishnadasar9024]

Taxable amount of CEA=1510 and taxable amount of HEA=3990

[@rohitbhakat4787]

Funny part - sarkar to sabse jayada dimag kharab kerti hai 🤣🤣🤣🤣

[@gautam11110]

Right hai sir

[@payalmalviya8489]

19:55. Children edu allowance Munnu - 120 × 10 = 1200 Chunnu - 110× 11 = 1210 Punnu - 100× 12 = 1200 Total = 1200+1210+1200= 3610 As per rule 2BB 👇 Munnu - 100 × 10 = 1000 Chunnu - 100× 11 = 1100 Punnu - 100×12= 1200 exempt= chunnu + punnu = 1100+ 1200 = 2300 Taxable= 3610- 2300 =1310 Hostel exp. Allowance Munnu - 380×10= 3800 Chunnu - 290×11= 3190 Punnu - 300×12= 3600 Total = 3800+3190+3600= 10590 Exemption Munnu- 300×10 = 3000 Chunnu-290×11=3190 Punnu -300×12=3600 exemption - Chunnu+ punnu = 3190+3600 = 6790 Taxable= 10590- 6790 = 3800 😅

[@Tomandjerryfriends]

cea exemption would be 2300 hea ecemption would be 6790

[@PROF.S]

Sir allowance to 2 child ke liye hai na to question mai 2nd , 3rd child ka kyu liya hai

[@StudyAtHome]

Exemption 2 child ka hai, allowance to employer 10 child ka bhi de sakta hai

[@abhedkant]

Yes I was correct 💯

[@ShivaniSharma-tg8mp]

Thanku sir 😊😊

[@the_wayitalk]

wow lecture

[@StudyAtHome]

Thanks

[@ashish4057]

Sir, conveyance allowance nearly 50000 per annum ho to exemption milega kitna

[@akularaviteja7825]

Hello sir I got CEA exemption is 2180 and taxable is 1100

[@akularaviteja7825]

🎉 its correct 😊

[@poojasherawat55]

hu lala hu lala was epic🤣

[@StudyAtHome]

😂🙌

[@varshapriyankaravivenkates7296]

Can someone explain about CEA in 27:49 and normal ppl get 1600 p.m exemption in transport allowance? Am i right or not? Pls clarify

[@StudyAtHome]

It is a very old law and it has been removed few years back

[@varshapriyankaravivenkates7296]

@@StudyAtHome thanks for the clarification sir

[@rahulaggarwal5707]

Exemption under cea = 2180 taxable = 1100

[@priyanshuguptakartavyabatc2334]

Sir I try total CHILDREN EDUCATION ALLOWANCE IS 3280 EXEMPT CHOTU 100×12= 1,200 MOTU 90×12 = 1,080 KHOTU 100×12 = 1,200 Exempt amount is 1,200+1,080 = 2,280 Taxable CEA IS = 3,280-2,280= 1000❤

[@StudyAtHome]

Good😊

[@priyanshuguptakartavyabatc2334]

@@StudyAtHome thank you sir 🥰

[@rimuru_tempest552]

Chunnu and punnu ke liye 1100 and 1200 exemption respectively in CEA and 3190 and 3600 exemption respectively in HEA

[@sankalpmatrimonial310]

Good

[@StudyAtHome]

Thanks!

[@ameetopiwala7255]

CEA Exemption - 2300 Taxable - 1310 HEA Exemption - 6790 Taxable - 3800

[@souravmittu3333]

CEA exempt - 2310/- HEA exempt - 6600/-

[@SoumyarshiDas]

What is Difficult area allowance in Assam

[@StudyAtHome]

Ignore

[@aiswaryajena6]

CEA Exemtion 2300 HEA exemption 6790

[@HoneyMJain]

Happpieeee birthday sir 🎉

[@gireeshkumarsahu1233]

2Ans:- 1200 Taxable CEA 3800 taxable HEA

[@ChanPardhan-vj2vb]

CEA=2300 IS EXEMPT AND 1310 IS TAXABLE HEA=6790 IS EXEMPT 3800 IS TAXABLE

[@AfreenBano-cy9cw]

20:02 exempt -3000&3190

[@mavanihetal6024]

Sir 1100 taxable

[@kaushik..123]

exempt 2180 , taxable 1100

[@rohitbhakat4787]

Exception rs 2,180

[@akashhazarika1922]

19:15 cea=2300,hea=6790

[@poojasherawat55]

1310 TAXABLE TO CEA ANF 3800 TAXABLE TO HEA

[@akashhazarika1922]

15:31 Exemption (cea)=2180