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CITY COMPENSATORY ALLOWANCE (Income Tax)

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This query is : Resolved



( Author )
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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