Aarti Kandpal (C.S & MBA Finance .) (36 Points)
10 March 2016Budget 2016 according transport allowance Increase from Rs. - 800 to 1,600 p.m but not mention
handicapped person transport allowance which amount ?.
shweta bhatter
(CA)
(173 Points)
Replied 10 March 2016
From now onwards, an individual would get tax relief on Rs 19,200 per year as compared to Rs 9,600.
The notification issued by the Central Board of Direct Tax (CBDT) further said the exemption limit for blind and orthopaedically handicapped to has been doubled to Rs 3,200 a month.
Transport allowance is exempted from income tax.
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