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Showing posts with label New Standard Deduction Rs.50000 for F.Y. 2019-20Automated Income Tax Form 16 Part A&B and Part B for A.Y. 2020-21. Show all posts
Showing posts with label New Standard Deduction Rs.50000 for F.Y. 2019-20Automated Income Tax Form 16 Part A&B and Part B for A.Y. 2020-21. Show all posts

Saturday, 19 October 2019


From the F.Y 201718 the medical allowance of up to Rs 15,000 was exempted income from your Gross salary. To claim this, you had to submit medical bills to your employer and get the allowance benefit. The medical reimbursement allowance was exempted under Section 10 of the Income Tax Act.

Friday, 18 October 2019


From the F.Y 201718 the medical allowance of up to Rs 15,000 was exempted income from your Gross salary. To claim this, you had to submit medical bills to your employer and get the allowance benefit. The medical reimbursement allowance was exempted under Section 10 of the Income Tax Act.