WebGet free vehicle tax if you're a driver with a disability. You may not have to pay vehicle tax if either: you’re a disabled driver. you have a certain type of vehicle. WebSep 10, 2024 · Apart from work-related phone and WiFi bills the following tax exemptions can be used by salaried individuals to save taxes: 1. Standard Deduction. All taxpayers can deduct ₹ 50,000 from their gross income, thereby lowering their gross income by a flat amount of ₹ 50,000. As an example, if a taxpayer earns ₹ 8 lakh in gross salary, the ...
Tax talk: Know which office perks are taxable under new tax …
WebApr 14, 2024 · If the assessee is using the vehicle with the capacity below 1600 CC, the amount considered for the official use is ₹ 1800 PM plus ₹ 900 if chauffeur (the driver) … WebMar 13, 2024 · There are host of benefits offered by a company to their employees, especially in the form of allowances. Some of the most common benefits include leave … tapered roller thrust bearings applications
Allowances exempt under Section 10 in 2024 {Detailed List}
WebApr 6, 2024 · Also known as transport allowance, conveyance allowance is offered to the employees of the company to compensate for the travel of the employee from the residence to and from the workplace. This is in addition to the basic salary component and may or may not be taxed under the Income Tax Act. The exemption can be claimed under Section … WebSep 14, 2024 · These allowances are exempt from tax to a certain limit as instructed in the income tax act. Here are few commonly known partially taxable allowances: ... An exemption of Rs 2,700 per month or Rs 3,300 per month in respect of the driver salary, maintenance, and fuel expenditures paid and refunded by the employer if the employee … WebFeb 25, 2024 · If the employee owns the car, an exemption of Rs 2,700 per month or Rs 3,300 per month in respect of the driver salary, maintenance and fuel expenses borne … tapered rollers and curve belting