WebThis allowance is covered under the ‘books and periodicals allowance’. It is exempt from taxes until the actual expenditure in purchasing those items is covered. 9. Leave Travel Allowance. Leave travel allowance is the payment provided by the company to compensate the employee for their travel expenses while on leave. WebMedical Allowance – Medical allowance is a fixed allowance paid to the employees of an organization to meet their medical expenditure. Note – In Union Budget 2024, a standard deduction of Rs. 40,000 has been introduced in lieu of transport (Rs 19,200) and medical (Rs 15,000) allowances. Books and Periodicals Allowance –
Books, periodocals & professional upkeep deduction - Students
WebFrom the Home tab, navigate to the cards section. Select Books & Periodicals Card from your list of benefit cards and tap it to view the Upload bills option. Enter the amount to be claimed in the space provided and attach the bill by tapping the upload symbol. In case of a longer bill, tap the upload symbol again to upload the remaining part of ... WebDec 4, 2024 · You can claim the various allowances in your salary package, such as house rent allowance (HRA), leave travel allowance (LTA), telephone reimbursement, books … top innovative brands
New salary structure 2024 for the metro / non-metro cities - CiteHR
WebDec 24, 2024 · Books and periodicals: Purchase of books and periodicals related to office work may also be claimed as reimbursement on submission of bills. This is again exempted from tax. Car Allowance: Tax liability on the car allowance is based on the purpose for which the vehicle is used. If a vehicle is used solely for the official purpose, … WebDec 10, 2024 · Books & Periodicals Allowance is a personal employee benefit that is provided to an employee to meet his/ her expenses towards the purchase of books, … WebMar 23, 2014 · Books, periodocals & professional upkeep deduction. 1. Is possible for a employee to claim deduction for both Books, Periodicals and Professional Upkeep Allowance which he getting as a part of his salary. If yes, then to what extent. If either of the 1 can be claimed then still to what extent. 2. top innovative talents