Dear Friends, Shri sharavanan is absolutely right. In fact after discussing with him, I have gone through the matter and the position has become clearer. Standard deduction for F/Y 2018-19 of Rs 40000 is claimed under S.16 of IT Act 1961. Additionally, disabled persons can claim exemption at the rate of Rs 3200 per month under Section 10(14) read with Rule 2bb -see sub rule 2 of the said rule exactly sl. no 11 in the explanotory table under said sub rule 2. Thank you Shri sharavanan for motivating me to do this exercise. Dr.B.Niranjan Raj Urs Mob: 8281627415 On 8/12/19, Saravanan <sarva...@greytip.com> wrote: > > Hi Friends, > > Conveyance allowance is also called transport allowance. > It is entitled for a maximum of Rs. 3,200/- per month. > This tax exemption is coming under section 10 (14). > This allowance should take part in your salary slip. > It will also reflect in form 16 under section 10 details. > This exemption is only applicable for disabled employees. > This is nowhere related to standard deduction. > Standard deduction is 40K for financial year 2018-19. > It is increased to 50K for financial year 2019-20. > Don't try to confuse yourself. > I think you will be clear right now. > For further clarification keep in touch with me. > > Cheers > Saravanan.K > +91 9916512402 > > > > On 8/12/2019 11:32 AM, Niranjanraj Urs wrote: >> As for as my understanding goes, the standard deduction allowed for >> FY 2018-19 of Rs 40000 covers thr transport allowance and medical >> reimbursement upto Rs 15000. The SD for FY 2019-20 is enhanced to Rs >> 50000. This SD covers transport allowance for all persons including VI >> persons, the only difference being that transport allowance is double >> for VI persons than the one allowed to normal persons. Hence claim Rs >> 40000 for FY 2018-19 and Rs 50000 for coming FY 2019-20. >> NiranjanB >> >> On 8/8/19, Meesha Arora <meesha2...@gmail.com> wrote: >>> Hello members, >>> >>> Please can you confirm if the tax exemption conveyance allowance of INR >>> 3200/- per month is applicable in last and current financial year? >>> >>> I would really appreciate if you can help me with a URL which confirm >>> this >>> information and thus I can forward it to my employer. >>> >>> I have only claimed exemption under section 80 U so far and just learnt >>> that we are entitled to a further exemption of INR 38, 400 annually but >>> couldn’t be clear on it. >>> >>> It happens that my form 16 for last financial year doesn’t include this >>> exemption so can I claim the refund on my tax paid while filling my ITR? >>> >>> Thanks to confirm. >>> >>> Meesha >>> >>> >>> -- >>> null >>> >>> >>> Search for old postings at: >>> http://www.mail-archive.com/accessindia@accessindia.org.in/ >>> >>> To unsubscribe send a message to >>> accessindia-requ...@accessindia.org.in >>> with the subject unsubscribe. >>> >>> To change your subscription to digest mode or make any other changes, >>> please >>> visit the list home page at >>> http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in >>> >>> >>> Disclaimer: >>> 1. Contents of the mails, factual, or otherwise, reflect the thinking of >>> the >>> person sending the mail and AI in no way relates itself to its veracity; >>> >>> 2. AI cannot be held liable for any commission/omission based on the >>> mails >>> sent through this mailing list.. >>> >>> >> >> >> Search for old postings at: >> http://www.mail-archive.com/accessindia@accessindia.org.in/ >> >> To unsubscribe send a message to >> accessindia-requ...@accessindia.org.in >> with the subject unsubscribe. >> >> To change your subscription to digest mode or make any other changes, >> please visit the list home page at >> http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in >> >> >> Disclaimer: >> 1. Contents of the mails, factual, or otherwise, reflect the thinking of >> the person sending the mail and AI in no way relates itself to its >> veracity; >> >> 2. AI cannot be held liable for any commission/omission based on the mails >> sent through this mailing list.. >> > > > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking of the > person sending the mail and AI in no way relates itself to its veracity; > > 2. AI cannot be held liable for any commission/omission based on the mails > sent through this mailing list.. > >
Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
