Income under the head- Salary


This query is : Resolved 

Quick Summary
When working abroad and receiving your salary in Indian Rupees in an Indian bank account, your cost of living allowance is generally tax-exempt up to the amount actually spent. However, any portion of the allowance that exceeds your actual expenditure is considered taxable income.

24 June 2024 Cos of living allowance is taxable or not for working in abroad and the salary is received as Indian money in Bank account maintaining in India

24 June 2024 Living allowance to the extent of actually spent is tax-exempt. Any excess amount is taxable.

24 June 2024 Thank you very much sir for sharing.

24 June 2024 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query