CITY COMPENSATORY ALLOWANCE

This query is : Resolved 
 

(Querist) 08 August 2008



WHAT IS THE MEANING OF CITY COMPENSATORY ALLOWANCE?


SANDEEP AGGARWAL (Expert) 10 August 2008

it is an allowance paid by employer to compensate the high cost incurred by employee working in big cities. it is fully taxable.

regards,
Sandeep



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