is Allowance Exempt in F.Y. 10-11
This query is : Resolved
30 April 2010
Dear Sir/Madam
Can Anyone ple. tell in F.Y. 10-11
is Allowance exempt which is recd from employer like.
Helper Allowances
Medical Allowances
Entertainment Allow.
Pls. tell asap
Thnx
Vinay
Can Anyone ple. tell in F.Y. 10-11
is Allowance exempt which is recd from employer like.
Helper Allowances
Medical Allowances
Entertainment Allow.
Pls. tell asap
Thnx
Vinay
30 April 2010
it will be taxable if employee meets certain criteria
01 May 2010
Helper Allowances- EXEMPT UP TO UTILIZED FOR OFFICE PURPOSE,
Medical Allowances- UP TO 15000/-
Entertainment Allow.- FOR GOVT EMPLOYEE EXEMPT UP TO SOME LIMIT OTHER WISE FULLY TAXABLE
Medical Allowances- UP TO 15000/-
Entertainment Allow.- FOR GOVT EMPLOYEE EXEMPT UP TO SOME LIMIT OTHER WISE FULLY TAXABLE
02 May 2010
I suggest the correction in Mr.Ashok reply the fixed medical allowance is fully taxable only the medical reimbursment is exempted up to Rs.15000/per annum against bills
03 July 2010
as well as pls. tell conveyance, office maintanance allowances, Telephone Allowances is exempt if company reimburshment to employee & what is maximum limit for exemption ??
01 August 2024
In the Financial Year (FY) 2010-11, various allowances and reimbursements received from an employer are treated differently under the Income Tax Act, 1961. Here’s a summary of the treatment of various allowances and reimbursements:
### 1. **Helper Allowance:**
- **Exemption Status:** Helper allowance is not specifically mentioned as exempt under the Income Tax Act. Generally, allowances that are not covered under specific exemptions or deductions are considered taxable.
### 2. **Medical Allowance:**
- **Exemption Status:** Medical allowance is taxable. However, you can claim exemption under Section 10(14) for medical expenses, but this is subject to certain conditions and a maximum limit. For FY 2010-11, the exemption for medical expenses is up to ₹15,000.
### 3. **Entertainment Allowance:**
- **Exemption Status:** Entertainment allowance is taxable. There is an exemption for government employees under Section 16(ii) up to a certain limit, but for non-government employees, entertainment allowance is generally taxable.
### 4. **Conveyance Allowance:**
- **Exemption Status:** Conveyance allowance is exempt from tax up to ₹800 per month for the FY 2010-11, provided it is used for commuting between home and office. Any amount beyond this limit is taxable.
### 5. **Office Maintenance Allowance:**
- **Exemption Status:** Office maintenance allowance is generally considered taxable unless it is reimbursed by the employer based on actual expenses and is supported by proper documentation.
### 6. **Telephone Allowance:**
- **Exemption Status:** Telephone allowance is exempt only if it is reimbursed by the employer and used for official purposes. The exemption is typically limited to the actual amount incurred and reimbursed, provided the reimbursement is supported by bills.
### Summary of Key Points for FY 2010-11:
- **Helper Allowance:** Taxable.
- **Medical Allowance:** Taxable; exemption under Section 10(14) for actual expenses up to ₹15,000.
- **Entertainment Allowance:** Taxable, except for government employees where a limited exemption is available.
- **Conveyance Allowance:** Exempt up to ₹800 per month.
- **Office Maintenance Allowance:** Generally taxable unless reimbursed with proper documentation.
- **Telephone Allowance:** Exempt if reimbursed based on actual expenses.
For detailed advice tailored to specific situations, consulting a tax advisor or financial expert is recommended.
### 1. **Helper Allowance:**
- **Exemption Status:** Helper allowance is not specifically mentioned as exempt under the Income Tax Act. Generally, allowances that are not covered under specific exemptions or deductions are considered taxable.
### 2. **Medical Allowance:**
- **Exemption Status:** Medical allowance is taxable. However, you can claim exemption under Section 10(14) for medical expenses, but this is subject to certain conditions and a maximum limit. For FY 2010-11, the exemption for medical expenses is up to ₹15,000.
### 3. **Entertainment Allowance:**
- **Exemption Status:** Entertainment allowance is taxable. There is an exemption for government employees under Section 16(ii) up to a certain limit, but for non-government employees, entertainment allowance is generally taxable.
### 4. **Conveyance Allowance:**
- **Exemption Status:** Conveyance allowance is exempt from tax up to ₹800 per month for the FY 2010-11, provided it is used for commuting between home and office. Any amount beyond this limit is taxable.
### 5. **Office Maintenance Allowance:**
- **Exemption Status:** Office maintenance allowance is generally considered taxable unless it is reimbursed by the employer based on actual expenses and is supported by proper documentation.
### 6. **Telephone Allowance:**
- **Exemption Status:** Telephone allowance is exempt only if it is reimbursed by the employer and used for official purposes. The exemption is typically limited to the actual amount incurred and reimbursed, provided the reimbursement is supported by bills.
### Summary of Key Points for FY 2010-11:
- **Helper Allowance:** Taxable.
- **Medical Allowance:** Taxable; exemption under Section 10(14) for actual expenses up to ₹15,000.
- **Entertainment Allowance:** Taxable, except for government employees where a limited exemption is available.
- **Conveyance Allowance:** Exempt up to ₹800 per month.
- **Office Maintenance Allowance:** Generally taxable unless reimbursed with proper documentation.
- **Telephone Allowance:** Exempt if reimbursed based on actual expenses.
For detailed advice tailored to specific situations, consulting a tax advisor or financial expert is recommended.
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