Asst.allowance is exempt or not u/s10
This query is : Open
PKV Prasad Rao
(Querist)
15 May 2016
sir, being Director drawing salary rs3000000pa, can i eligible for asst. salary paid to execute in course of company duties, maximum eligible Rs? (under section 10 or so). can u pl clarify
SANTOSH SAGAR K
(Expert)
15 May 2016
I assume you are a whole time director and income taxable as salary. Accordingly, no deduction or exemption is available for salary paid to assistant. however, if the income is taxable as other sources, then the deduction may be explored. However, there would not be any exemption under Section 10.
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