Rebate on Income tax
Mahender Singh (Asstt. Sub Inspector) (59 Points)
04 September 2019Kindly intimate whether transport allowance paid to govt servant is exempt from taxable income or otherwise
Mahender Singh (Asstt. Sub Inspector) (59 Points)
04 September 2019
praveen
(Expert)
(350 Points)
Replied 04 September 2019
It is taxable from F Y 2018-19 due to introduction of Standard deduction of Rs. 40,000
Transport Allowance has been removed & exempted only for physically challenged employees and employees of a transport business.
Kapadia Pravin
(17259 Points)
Replied 04 September 2019
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India