WebVoluntary PF contributions of up to 5 lakh are tax-free. The limit was doubled from the Rs. 2.5 lakh announced earlier. Remember, if your employer’s contribution to PF, NPS and … WebAug 12, 2024 · For a self lease, on the other hand, you can claim HRA exemption. The tax exemption on HRA is computed as the minimum of following three conditions: i) Actual HRA on your pay slip; ii) 40-50% of your basic salary; iii) The rent amount minus 10% of the salary. If you stay in any of the metros (Mumbai, Kolkata, New Delhi or Chennai), HRA is ...
10 Tax Saving Options For Salaried Person Tata AIA Blog
WebJul 8, 2024 · It also provided that the value of free food/ beverages provided by employers during office hours or meal vouchers, which are considered as tax exempt under old … Web1 day ago · As per the latest report, Meta has faced complaints from employees about cutbacks on office perks. According to a report coming from The New York Times, many Meta employees have expressed dissatisfaction with the decline in cafeteria options, including a lack of snacks and cereals at the office, as well as the elimination of free food … blackman shoes
8 useful Income Tax Exemptions for Salaried Employees
WebEducational assistance. Employers may pay employees up to $5,250 tax free each year for educational expenses such as tuition, fees, and books. Dependent care assistance. Up to $5,000 in dependent care assistance may be provided to an employee tax free ($10,500 for 2024). For example, the company could help pay for day care for an employee's child. WebIf you are using your phone for work (and who isn’t using their phone for work), your data plan can be untaxed. Commuter perks related to parking. Parking your car for work is tax … WebJun 18, 2024 · Free food and beverages provided to the employee: 1) Fully Taxable: Free meals in excess of Rs. 50 per meal less amount paid by the employee shall be a taxable … black man shirt off