fully allowable or allowable upto ceiling limit


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2011 HELLO...If conveyance allowance provided to field officer of insurance co,if its allowable under IT Act then its fully allowable or upto ceiling limit.if there is ceiling limit then what is it? under which sec?
and....incentive bonus to such field officer if allowable then fully or as per ceiling limit? if there is ceiling limit then what is it? under which sec...thanx

16 May 2011 its the company and employees ceiling limit fixed by employer, please get data from employer


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