Hi Jagon Investor,
I am very big fan of jagoninvestor .
Question:
My CTC is 4,80,000 ,basically government provides 2,00,000 INR excemption to all ( am not sure about this number ) so i have to pay the tax 10 % to the remaining 2.8 L and the company is providing some Flexible benefit pay (FBP ) like HRA ,Medical bill submission , Telephone bill submission . Assume am claiming 15,000 for medical per year and 60,000 per year for HRA ,so 15 + 60 = 75 thousand is tax excempted and GOVT is giving TAX excemption limit of 1 Lakh rupees to all ( apart from the initial 2 lac ) so my question is whether HRA , medical claim will also come under the 1 Lac excemption limit or it will cover only PF + gradutity + Other tax saving options ( like LIC , PPF , house loan interest ) .