Download Automated All in One TDS On Salary for Govt and Non-Govt employees for F.Y.2016-17 & Assessment Year 2017-18 [ This Excel Utility can prepare at a time Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic H.R.A. Calculation + Automated Arrears Relief Calculator U/s 89(1) with Form 10E + Automated Form 16 Part A&B and Form 16 Part B for F.Y.2016-17 as per the new Budget 2016]
Below given the Income Tax Deduction & Allowances which can relief from Income Tax U/s 10
1.
|
10(13A)read with Rule 2A
|
House rent
allowance
|
Least of the
following is exempt:
a) Actual HRA Received
b) 40% of Salary (50%, if house
situated in Mumbai, Calcutta, Delhi or Chennai)
c) Rent paid minus 10%
of salary
* Salary =
Basic + DA (if part of retirement benefit) + Turnover based Commission
Note:
i. Fully taxable, if HRA is received
by an employee who is living in his own house or if he does not pay any rent
ii. It is mandatory for employee to
report PAN of the landlord to the employer if rent paid is more than Rs.
1,00,000 [Circular No. 08 /2013 dated 10-10-2013].
|
2.
|
10(14)
|
Children
education allowance
|
Up to Rs. 100
per month per child up to a maximum of 2 children is exempt
|
3.
|
10(14)
|
Hostel
expenditure allowance
|
Up to Rs. 300
per month per child up to a maximum of 2 children is exempt
|
4.
|
10(14)
|
Transport
allowance granted to an employee to meet expenditure on commuting between
place of residence and place of duty
|
Up to Rs.
1600 per month (Rs. 3200 per month for blind and handicapped employees) is
exempt
|
5.
|
Sec. 10(14)
|
Allowance
granted to an employee working in any transport business to meet his personal
expenditure during his duty performed in the course of running of such
transport from one place to another place provided employee is not in receipt
of daily allowance.
|
Amount of
exemption shall be lower of following:
a) 70% of such allowance; or
b) Rs. 10,000 per month.
|
6.
|
10(14)
|
Conveyance
allowance granted to meet the expenditure on conveyance in performance of
duties of an office
|
Exempt to the
extent of expenditure incurred for official purposes
|
7.
|
10(14)
|
Travelling
allowance to meet the cost of travel on tour or on transfer
|
Exempt to the
extent of expenditure incurred for official purposes
|
8.
|
10(14)
|
Daily
allowance to meet the ordinary daily charges incurred by an employee on
account of absence from his normal place of duty
|
Exempt to the
extent of expenditure incurred for official purposes
|
9.
|
10(14)
|
Helper/Assistant
allowance
|
Exempt to the
extent of expenditure incurred for official purposes
|
10.
|
10(14)
|
Research
allowance granted for encouraging the academic research and other
professional pursuits
|
Exempt to the
extent of expenditure incurred for official purposes
|
11.
|
10(14)
|
Uniform
allowance
|
Exempt to the
extent of expenditure incurred for official purposes
|
12.
|
10(7)
|
Any allowance
or perquisite paid or allowed by Government to its employees (an Indian
citizen) posted outside India
|
Fully Exempt
|
13.
|
-
|
Allowances to
Judges of High Court/Supreme Court (Subject to certain conditions)
|
Fully Exempt.
|
14.
|
10(45)
|
Following
allowances and perquisites given to serving Chairman/Member of UPSC is exempt
from tax:
a) Value of rent free official
residence
b) Value of conveyance facilities
including transport allowance
c) Sumptuary allowance
d) Leave travel concession
|
Fully Exempt
|
15.
|
-
|
Allowances
paid by the UNO to its employees
|
Fully Exempt
|
16.
|
10(45)
|
Allowances to
Retired Chairman/Members of UPSC (Subject to certain conditions)
|
Exempt
subject to maximum of Rs. 14,000 per month for defraying the services of an
orderly and for meeting expenses incurred towards secretarial assistant on
contract basis.
|
17.
|
Sec. 10(14)read with Rule 2BB
|
Special
compensatory Allowance (Hilly Areas) (Subject to certain conditions and
locations)
|
Amount exempt
from tax varies from Rs. 300 to Rs. 7,000 per month.
|
18.
|
Sec. 10(14)read with Rule 2BB
|
Border area,
Remote Locality or Disturbed Area or Difficult Area Allowance (Subject to
certain conditions and locations)
|
Amount exempt
from tax varies from Rs. 200 to Rs. 1,300 per month.
|
19.
|
Sec. 10(14)read with Rule 2BB
|
Tribal area
allowance in (a) Madhya Pradesh (b) Tamil Nadu (c) Uttar Pradesh (d)
Karnataka (e) Tripura (f) Assam (g) West Bengal (h) Bihar (i) Orissa
|
Up to Rs. 200
per month is exempt
|
20.
|
Sec. 10(14)read with Rule 2BB
|
Compensatory
Field Area Allowance. If this exemption is taken, employee cannot claim any
exemption in respect of border area allowance (Subject to certain conditions
and locations)
|
Up to Rs.
2,600 per month is exempt
|
21.
|
Sec. 10(14)read with Rule 2BB
|
Compensatory
Modified Area Allowance. If this exemption is taken, employee cannot claim
any exemption in respect of border area allowance (Subject to certain
conditions and locations)
|
Up to Rs.
1,000 per month is exempt
|
22.
|
Sec. 10(14)read with Rule 2BB
|
Counter
Insurgency Allowance granted to members of Armed Forces operating in areas
away from their permanent locations. If this exemption is taken, employee
cannot claim any exemption in respect of border area allowance (Subject to
certain conditions and locations)
|
Up to Rs.
3,900 per month is exempt
|
23.
|
Sec. 10(14)read with Rule 2BB
|
Underground
Allowance to employees working in uncongenial, unnatural climate in
underground mines
|
Up to Rs. 800
per month is exempt
|
24.
|
Sec. 10(14)read with Rule 2BB
|
High Altitude
Allowance granted to armed forces operating in high altitude areas (Subject
to certain conditions and locations)
|
a) Up to Rs. 1,060 per month (for
altitude of 9,000 to 15,000 feet) is exempt
b) Up to Rs. 1,600 per month (for
altitude above 15,000 feet) is exempt
|
25.
|
Sec. 10(14)read with Rule 2BB
|
Highly active
field area allowance granted to members of armed forces (Subject to certain
conditions and locations)
|
Up to Rs.
4,200 per month is exempt
|
26.
|
Sec. 10(14)read with Rule 2BB
|
Island Duty
Allowance granted to members of armed forces in Andaman and Nicobar and
Lakshadweep group of Island (Subject to certain conditions and locations)
|
Up to Rs.
3,250 per month is exempt
|
27.
|
10(14)
|
City
Compensatory Allowance
|
Fully Taxable
|
28.
|
10(14)
|
Fixed Medical
Allowance
|
Fully Taxable
|
29.
|
10(14)
|
Tiffin,
Lunch, Dinner or Refreshment Allowance
|
Fully Taxable
|
30.
|
10(14)
|
Servant
Allowance
|
Fully Taxable
|
31.
|
10(14)
|
Project
Allowance
|
Fully Taxable
|
32.
|
10(14)
|
Overtime
Allowance
|
Fully Taxable
|
33.
|
10(14)
|
Telephone
Allowance
|
Fully Taxable
|
34.
|
10(14)
|
Holiday
Allowance
|
Fully Taxable
|
35.
|
10(14)
|
Any Other
Cash Allowance
|
Fully Taxable
|
