Allowance
This query is : Resolved
30 July 2014
AN EMPLOYEE HAD SHIFTED FROM ONE CITY TO ANOTHER CITY SO COMPANY HAD PROVIDED HIM RESETTLEMENT ALLOWANCE...???
SO WHETHER THAT RE-SETTLEMENT ALLOWANCE IS EXEMPT OR NOT ????
IF YES THEN UPTO WHAT EXTENT...???
SO WHETHER THAT RE-SETTLEMENT ALLOWANCE IS EXEMPT OR NOT ????
IF YES THEN UPTO WHAT EXTENT...???
30 July 2014
It is fully taxable and no exemption from income tax is available
30 July 2014
i think this must be exempted upto actuall expenses incurred.
30 July 2014
If it is in form of allowance then it is fully taxable but if your employer has named as it as reimbursement then exemption would be available up to the actual amount incurred
31 July 2014
Yes, Agreed with Mr Mohit Bansal
31 July 2014
Yes, Agreed with Mr Mohit Bansal
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