Income tax
This query is : Resolved
03 December 2014
Mr X is salary employee have salary Rs.22000.00 PM it including Rs.2000.00PM as conveyance allowance and having no investment.
Basic 20000*12 =240000.00
Conveyance allowance 2000*12 = 24000.00
Total salary 264000.00
is conveyance allowance is allowed from salary.
reply me on urgent
Basic 20000*12 =240000.00
Conveyance allowance 2000*12 = 24000.00
Total salary 264000.00
is conveyance allowance is allowed from salary.
reply me on urgent
03 December 2014
only actual spent conveyance allowance is allowed in this case.
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
- Need help on Minimising Tax on Capital Gains
- TDS applicable invoice date or payment Date Which is important
- Death gratuity, leave encashment, GPF etc
- Aggregate Turnover
- Investment for maturing bank deposits for a retired 66 year old person
- Amount received in account which was given to sons as gift
- Clearing forwarding reimbursement party account
- GSTR 1 CAN NOT BE FILED AFTER 3 YEARS
- Guidance Required on Raising Sale Invoice & E-Way Bill for Machines Already at Customer Premises
- GTA services and manufacturing activity under Single GST Registration
- Refund of return filed for deceased
- LTCG loss on delisted shares
- LTCG ON SALE OF RESIDENTIAL LAND
- Money returned by sons given as gift
- GST on Tobacco - as per new notification
- Casual Taxable Person, Last Return
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
Trending Online Classes
CAclubindia
