The government has given great relief to income taxpayers. In the Union Budget 2025, the Finance Minister announced to tax-free income of up to Rs 12 lakh annually. If you do a private job, then you will not have to pay tax on salary up to Rs 17 lakh. For this, you have to use some special allowances, which allows the Income Tax Department. For this, your salary structure will have to be changed.
In the new regimen of income tax, some special allowances are exempted from tax. Some conditions are fixed for this. According to the Economic Times report, Harsh Bhuta, partner of the tax consulting firm Bhuta Shah & Company, says that the new regiman has some elements, which do not come under the tax purpose. They can be availed by fulfilling the conditions related to them. However, this will have to change your salary structure. You can talk to your employer’s HR department about this.
Telephone and mobile bill
A person can claim exhalation on telephone and mobile bill expenses received from the employer. No limit is fixed for this. According to the ET report, Yogesh Kale, executive director of Nangia Anderson LLP, says that there is no limit for the exgampting on telephone and mobile bills in both the rest. However, this amount should be practical. This should be according to the post and responsibilities of the employee. If your salary structure does not have a mobile or internet bill, then you can include it.
Transport Allouns to Divyang Employees
Companies give transport allowance to Divyang Employees. It does not come under the scope of tax. This allowance is available from home to office and office to home. According to the ET report, the disabled employees get a transport allowance of Rs 3,200 every month i.e. Rs 38,4000, which does not come under the tax.
Convene wakes
This facility is available from the employer to the employee to do his work easily. This is different from transport allowance. To take advantage of this allowance, the employee has to submit the bill to the finance department of his office. If you want to take advantage of this facility, then you have to talk to your employer’s HR department.
Employer car lease policy
Many employees offer car lease facility to employees. Although it is considered a percitant under income tax rules, its value is quite low. In the ET’s report, the expert says that the person given by the employer for the personal and official use of the employee is very low. For this, the formula of the valuation is the same in the new and old regimen. If the engine capacity is less than 1.6 liters, then the taxable value of this percit will be Rs 1,800 every month. If there is a higher power engine, the taxable value of the person will be Rs 2,400.
The new reizard of income tax provides standard deduction of Rs 75,000. Apart from this, Employer does not come under the purview of up to 14 percent of the contribution in NPS. Similarly, 12 % of the employee in EPF does not come under the scope of contribution tax. In this way, if you use all these exhalation and deduction, then your salary of up to Rs 17 lakh will be tax-free.