Are per deim charges taxable in the hands of employees?

Hi All,

I wanted to know if salary is paid under the following heads/components would they be exempt from tax like

a)If food coupons are given.
b)Given as telephone allowance

Currently the components shown in the pay slip are
a)Basic
b)HRA
c)Medical
d)Conveyance
e)L.T.A (if tickets are given)
f)Remaining is shown as special allowance.

Please let me know what are the components that can be shown so that employee gets tax exemption.

Also, please let me know how to compute or give LTA benefit to employees,its applicability is it once in a block of in a block of 4 A.Y (to and fro).Should the employer take a declaration from the employee's joining the organisation in between and claims LTA, stating that the employer has not availed the benefit from his previous employer.

Also, kindly forward the format for such declaration if any.

Regards.

plz tell me if wife and husband both have the substantially interest in a company ( 10% wife & 10% husband )and both rec. the remuneration from co.and they have no any other income.what will happen in this case

hi freinds and my senior experts...thank u all to support me earlier...

I want to know meaning of "reverse mortgage" by seniour citizen u/s 10(43) and u/s 47(XVI)
please help me .

Suppose, X is married according to Hindu customs on 10.10.2011 and thereafter transfers his asset to Mrs. X on 13.10.2011 without adequate consideration.
And on 15.10.2011, He got his marriage registered in court.
Now whether provisions of Clubbing of income on such asset will be applicable or not i.e. whether it is a transfer before marriage or after marriage?

Whether penaly u/s 271F is leviable for the following case:

A.Y. 2010-11

Gross Total Income 30000


TDS 3000


But assessee wants to file his return to claim TDS after end of A.Y. 10-11 say on 12.10.2011

Sir I am an advocate. An assessee has now come before with audited balance sheet dated 28-09-2011. He wants me send his income tax return now i.e. after 30-09-2011.
Should the penalty of 1 lakh applicable in this case? I have consulted that CA and he said no penalty as audit is done before 30-09-2011.

Please guide.

please help out....

one of our client deducts tax at source but the data is quite huge and they are able to update the same by around 15th of next month.. So the tds interest is paid for 1 month...this come to huge amt as the tds is quite huge..

So i wish to ask you ,can the department give us a certificate to deposit the same by 20th or something of next month by submitting request for the same..

if yes then please tell the process for same.

note: incomplete payment cant be made as the cheques come from abroad.....

thanks

Can any one pls tell me step by step (since i am gonna file it for the 1st time) procedures on how to file 24Q & 26Q online? What are its requirements etc..

Pls let me know whether in below case tax would be applicable on withdrawal of PF or not?

1)Worked in Co A from Aug 2007 to May 2011. The Co was having its own registered PF trust.

2) Then i moved to another Co B from June 2011 to current. I have dropped my paper & I am on notice period in currect co.
PF amount of my past co has been transferred to currecnt co. Now i want know whether tax would be applicalbe while withdrawing the PF amount from current co.
Current co is not having its own PF trust.
25th of this month is my last working day with co B.

Pls reply asap.

Regards,
Rakesh