Applicablity of tds deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2013
Please let me know the applicabilty of tds deduction on conveyance allowance ,rent allowance and medical allowance paid to emoloyees . Also its tax liability on the hands of employees. Limits of this allowance also.
CMA Ramesh Krishnan
(Expert)
28 October 2013
Conveyance allowance Rs.800 per month exempted
Rent allowance -subject to rent payment as per calculation u/s.10(13A)
fixed medical allowance is fully taxable
Rent allowance -subject to rent payment as per calculation u/s.10(13A)
fixed medical allowance is fully taxable
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