Hi,
Pls. let me know what is the exemption limit of mobile allowance in salary compnents for FY 2015-16.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 05 May 2015
Mobile allowance is taxable as it is neither covered u/s 10(14)(i) nor u/s 10(14)(ii).
.
However, expenditure on telephone including a mobile phone incurred by the employer on behalf of the employee will not be treated as taxable perquisite [Proviso to Rule 3(7)(ix)].
Rajesh Kumar Gupta
(Senior Divisional Manager)
(714 Points)
Replied 05 May 2015
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