Changes in Exempt Allowance for File IT Return 2014



It's raining, sunny and colder climate here.

I am @Munich.

Let's discuss new very interesting points that you would come to see while filing IT Return for this year 2014 and onward..

yes, in previous years, you didn't declared few allowance separately while filing IT Return and that lovely thing and didn't bother you much ....but this is not case now ..if you filing IT return byown.

In this year onward, it's mandatory to declare/show following separate allowance from your section-10 under the form 16.

Travel concession/assistance received u/s 10(5) Tax paid by employer on non monetary perquisite u/s 10(10CC) Allowance to meet expenditure incurred on house rent u/s 10(13A) Other exempt allowances u/s 10 - See more at: http://www.taxspanner.com/taxspan/new-rules-of-tax-filing-for-2014/?utm_source=complete_guide&utm_medium=html_email&utm_term=CAMP2466600522013&utm_content=2014-06-24&utm_campaign=ay2013-14_paid#sthash.SIfgDcdV.dpuf
  •  Leave Travel Allowance LTA under the section 10(5)
  •  House Rent Allowance under the section 10(13A)
  •  All others exempt allowance under the section 10.
  • Travel concession/assistance received u/s 10(5) Tax paid by employer on non monetary perquisite u/s 10(10CC) Allowance to meet expenditure incurred on house rent u/s 10(13A) Other exempt allowances u/s 10 - See more at: http://www.taxspanner.com/taxspan/new-rules-of-tax-filing-for-2014/?utm_source=complete_guide&utm_medium=html_email&utm_term=CAMP2466600522013&utm_content=2014-06-24&utm_campaign=ay2013-14_paid#sthash.SIfgDcdV.dpuf
  •  
     
    Travel concession/assistance received u/s 10(5) Tax paid by employer on non monetary perquisite u/s 10(10CC) Allowance to meet expenditure incurred on house rent u/s 10(13A) Other exempt allowances u/s 10 - See more at: http://www.taxspanner.com/taxspan/new-rules-of-tax-filing-for-2014/?utm_source=complete_guide&utm_medium=html_email&utm_term=CAMP2466600522013&utm_content=2014-06-24&utm_campaign=ay2013-14_paid#sthash.SIfgDcdV.dpuf
    Travel concession/assistance received u/s 10(5) Tax paid by employer on non monetary perquisite u/s 10(10CC) Allowance to meet expenditure incurred on house rent u/s 10(13A) Other exempt allowances u/s 10 - See more at: http://www.taxspanner.com/taxspan/new-rules-of-tax-filing-for-2014/?utm_source=complete_guide&utm_medium=html_email&utm_term=CAMP2466600522013&utm_content=2014-06-24&utm_campaign=ay2013-14_paid#sthash.SIfgDcdV.dpuf
You don't bother more but you have to clear about how much LTA you really declared and show it by employer, same for HRA ...and others remaining exempt allowance.

Enjoy ..

Keep learning ..
 dd
 d

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