Special allowance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2016 Dear all,
Can you pls tell me weather special allowance
is taxable or not, should i deduct TDS
On full amount of special allowance
Or not,

Regard
Mudit jain

Amol S Joglekar

Amol S Joglekar (Expert)
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01 June 2016 Special Allowance is taxable and hence you need to do TDS on the sum inclusive of Special Allowance. (Please go through section 10(14) for a better clarification.)
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx

Rupesh Jain

Rupesh Jain (Expert)
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01 June 2016 special allowance will part of the salary and make tds calculation after taking that allowance.

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2016 Sir... recently i have joined new company
As a senior accountant... the company is
providing some allowances however i am
confused about the taxability of these
Said allowance as follow....1) daily allowance.....2) family allowance

Pls carify weather both these allowance are
Fully taxable or not....
Pls guide the same....

Amol S Joglekar

Amol S Joglekar (Expert)
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01 June 2016 both the allowances are fully taxable.