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income tax

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(Querist)
21 January 2011 For an employee in receipt of hostel allowance for his three children, the maximum annual allowance exempt u/s 10(14) is :
a) ` 10,800
b) ` 7,200
c) ` 9,600
d) ` 3,600
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 January 2011 Rs.300 per month per child maximum 2 child

Ans b: 7200
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
21 January 2011 Rs 7200 max of 2 child
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