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 ... WebFeb 22, 2024 · Fuel reimbursements can sometimes include a tax-exempt amount contributed towards a driver’s or chauffeur’s salary. This is one of the popular tax benefits, likely to be offered at most ...
Salary structure: I-T Act offers 51 allowances and perquisites with tax …
WebWhen an employee uses a car exclusively in the performance of official duties, all of the amount spent on fuel, car maintenance and driver’s salary is fully tax-exempt. This happens irrespective of who owns the car, i.e. … Web17 rows · Oct 21, 2024 · Particulars. Benefits. 1. House Rent Allowance. Least of the following is exempt: a) Actual HRA Received. b) 40% of Salary (50%, if house situated … banca march luxemburgo
Tax relief for drivers and passengers with disabilities
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. 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) … WebJul 8, 2024 · By Shailesh Kumar. On opting for the new tax regime, certain tax deductions/ exemption such as standard deduction, house rent allowance, deduction for home loan interest, most of deductions under ... banca march santa eulalia