Hello friends, I am not understanding about standerd deduction of rs.40000 Can you please explain in detail. Thanks in advance With best regards m.chandru -----Original Message----- From: AccessIndia [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of Sameer Sent: Wednesday, September 19, 2018 10:13 PM To: AccessIndia: a list for discussing accessibility and issues concerning the disabled. Subject: Re: [AI] Regarding income tax rebates for the V I community
Dear Friend, As per the budget for financial year 2018-19, salaried VI employees cannot claim deduction for medical reimbursement. Instead of this deduction, they can claim a standard deduction of Rs. 40,000/-. The deduction for conveyance allowance of Rs. 38,400/- will continue as in previous years. For details, kindly refer Sr. No. 11 in rule 2BB of the Income-tax rules. Regards Mr. Sameer Latey Mumbai, India -----Original Message----- From: sampath raj rao Sent: 19 September, 2018 6:34 PM To: AccessIndia: a list for discussing accessibility and issues concerning the disabled. Subject: Re: [AI] Regarding income tax rebates for the V I community Hi, I too need the same... On 9/18/18, Ved <vedprakash.sha...@gmail.com> wrote: > In this year's budget speech the finance minister introduced standard > deduction of rs40000 and abolished the excemption under health > insurance as well as the transport allowances. > > However, in the later news items it was said that in case of V I > employees the health insurance as well as transport allowance shall > continue like previous years. > > Is there any circular regarding this? > > Kindly share the same if there are one. > > Thanks and regards. > > > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, > please visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org > .in > > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking > of the person sending the mail and AI in no way relates itself to its > veracity; > > 2. AI cannot be held liable for any commission/omission based on the > mails sent through this mailing list.. > Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
