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What are the exemptions from salary
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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
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