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What are the exemptions from salary

Answer Posted / pj

1) HRA (whichever is less in these 3)
i)Hra received
ii)Rent - 10% of Basic salary
iii)50% in metro cities and 40 % in non- metro

2) Professional tax

3)Investment in Insurance, NSC and other allowed US 80c.....
upto RS.100000(1 Lakh)

4)Exemption of 100% for donation to National relief fund and
PM relief fund

5)Exemption of 50% for donation to CM relief fund

Is This Answer Correct ?    3 Yes 0 No



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