children education allowance
This query is : Resolved
Suyash Rao
(Querist)
08 September 2016
if an employee receives 3000 yearly for 3 children as education allowance then what amount is taxable
CA SAGAR M. AHUJA
(Expert)
08 September 2016
The Exempt Amount is Limited To 100 per Month per Child up to a Maximum 2 Children.
Your Taxable Allowance is 9000-2400=6600
Your Taxable Allowance is 9000-2400=6600
Message likes :
1 times
Suyash Rao
(Querist)
08 September 2016
it's not 3000 per child it is 3000 for all three. in that case do we assume 3000-2000= 1000 or 3000-2400= 600
CA SAGAR M. AHUJA
(Expert)
09 September 2016
Than 3000-2000 and not 3000-2400
Thanks.
Thanks.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
