Conveyance allowance
This query is : Resolved
31 December 2014
Limit of conveyance allowance
what record to be maintain
In my case conveyance allowance given Rs.2000/- pm
reply on urgent
what record to be maintain
In my case conveyance allowance given Rs.2000/- pm
reply on urgent
31 December 2014
https://incometaxmanagement.com/Pages/TAX-Planning/Salary-Perquisites/11-Conveyance-And-Transport-Allowances-Are-Completely-Exempted-From-Tax.html
refer this link
refer this link
Rupesh Jain
(Expert)
31 December 2014
www.moneycontrol.com/tax/.../whatallowanceswhich-allowancesexempt
you can see the link
you can see the link
31 December 2014
Sir in my case we have give extra convyane to my employee 1200 X 12=14400.00 (as exemption limit is 800/- pm)
now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00
employer has to pay tax on disallowed expenses?
what will happen in employee case? he is also liable to pay tax? revised return
now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00
employer has to pay tax on disallowed expenses?
what will happen in employee case? he is also liable to pay tax? revised return
31 December 2014
Sir in my case we have give extra convyane to my employee 1200 X 12=14400.00 (as exemption limit is 800/- pm) now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00 employer has to pay tax on disallowed expenses? what will happen in employee case? he is also liable to pay tax? revised return
Guest
Guest
(Expert)
31 December 2014
Why auditor will disallow the extra conveyance?? Company can give the allowance according to his agreement with employee..Only he is required to deduct TDS after 800/pm considering the part of the salary..And if employer had not deducted the TDS then employee should pay the tax considering the same.
Guest
Guest
(Expert)
31 December 2014
It differs from employee to employee..Depends on their rest of the income.Under which slab they are coming.
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