Hi,
Can an employee claim the Medical exemption (U/S 10) of Rs 15000 while submitting the ITR,
eventhough its not one of the component in the salary structure but have incurred the expenses of Rs 25000.
We have only four components: Basic, HRA , Convenyance , Spl Allowance
Lets say I get: Monthly Basic: 10000 ; HRA 5000 ; Convenyance 800 ; and Spl Allowance : 13000
Total: Rs 28800
Now Can I while filing ITR, reduce the Spl Allowance by 1250 (For Medical)
So my taxable will be: 10000 + 11750 = Rs 21750*12
Can I Do like this to save tax.
Regards,
Manish Garg
9811275430
From India, New Delhi
8Can an employee claim the Medical exemption (U/S 10) of Rs 15000 while submitting the ITR,
eventhough its not one of the component in the salary structure but have incurred the expenses of Rs 25000.
We have only four components: Basic, HRA , Convenyance , Spl Allowance
Lets say I get: Monthly Basic: 10000 ; HRA 5000 ; Convenyance 800 ; and Spl Allowance : 13000
Total: Rs 28800
Now Can I while filing ITR, reduce the Spl Allowance by 1250 (For Medical)
So my taxable will be: 10000 + 11750 = Rs 21750*12
Can I Do like this to save tax.
Regards,
Manish Garg
9811275430
From India, New Delhi
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