FIXED ALLOW. IN SALARY STRUCTURE
This query is : Resolved
16 October 2009
Hi Freinds,
Will there be any income tax liability on the employee if FIXED amount of Uniform allow,Conveyance allowance(for official purpose),helper allowance,and medical reimbursements forms part of the salary structure.But the employees are providing supportings for all of them and getting reimbursed.
Regards
Prince
Will there be any income tax liability on the employee if FIXED amount of Uniform allow,Conveyance allowance(for official purpose),helper allowance,and medical reimbursements forms part of the salary structure.But the employees are providing supportings for all of them and getting reimbursed.
Regards
Prince
18 October 2009
All fixed allowances are taxable as components of salary in the hands of the employee.
All reimbursement of expenses are treated as perquisites and has to be calculated for each item.
All reimbursement of expenses are treated as perquisites and has to be calculated for each item.
18 October 2009
Thank You Sir.
But I wanted to understand then how can one take exemption of allowance u/s 10(14).Which provides for exemption to the extent the expenses ,like uniform,conveyance,helper ,are incurred for official purpose.
Do you mean that we need to take the exemption separately without it forming part of salary structure.
thanks
But I wanted to understand then how can one take exemption of allowance u/s 10(14).Which provides for exemption to the extent the expenses ,like uniform,conveyance,helper ,are incurred for official purpose.
Do you mean that we need to take the exemption separately without it forming part of salary structure.
thanks
18 October 2009
Under each head you have to calculate the disallowance.
EG: Uniform allowance : 17000
(-) Less Spent : 7000
-------
Taxable 10000
Conveyance : 1000
(-) Spent : 600
-------
Taxable 400
EG: Uniform allowance : 17000
(-) Less Spent : 7000
-------
Taxable 10000
Conveyance : 1000
(-) Spent : 600
-------
Taxable 400
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Rental income of jointly held property
- ITR-3 File/Error Found
- ITR-Capital Gain
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
