Dear Friend,
As per the budget for financial year 2018-19, salaried VI employees cannot
claim deduction for medical reimbursement. Instead of this deduction, they
can claim a standard deduction of Rs. 40,000/-.
The deduction for conveyance allowance of Rs. 38,400/- will continue as in
previous years. For details, kindly refer Sr. No. 11 in rule 2BB of the
Income-tax rules.
Regards
Mr. Sameer Latey
Mumbai, India
-----Original Message-----
From: sampath raj rao
Sent: 19 September, 2018 6:34 PM
To: AccessIndia: a list for discussing accessibility and issues concerning
the disabled.
Subject: Re: [AI] Regarding income tax rebates for the V I community
Hi, I too need the same...
On 9/18/18, Ved <[email protected]> wrote:
In this year's budget speech the finance minister introduced standard
deduction of rs40000 and abolished the excemption under health insurance
as
well as the transport allowances.
However, in the later news items it was said that in case of V I employees
the health insurance as well as transport allowance shall continue like
previous years.
Is there any circular regarding this?
Kindly share the same if there are one.
Thanks and regards.
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