allowance
This query is : Open
17 December 2009
Any person joined any co. on 17.8.09. He is getting every month transport allowance Rs. 2000 which include in salary Rs.15000/-. In the joining month aug'09, he got transports allowance 2000/31*15 = Rs.967 for 15 days. Can he get exmption Rs.800 (under sec 10) total amount that month for calculating of Form 16? or he will get exemption on ratio basis i.e. Rs.800/31*15 = Rs.387 when calculating form 16.
17 December 2009
Yes, It based on the proportion only
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