income tax
This query is : Resolved
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
a) ` 10,800
b) ` 7,200
c) ` 9,600
d) ` 3,600
CMA Ramesh Krishnan
(Expert)
21 January 2011
Rs.300 per month per child maximum 2 child
Ans b: 7200
Ans b: 7200
21 January 2011
Rs 7200 max of 2 child
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