Medical Remibursement & Conveyance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2011
Hi,
If an employee leaves the Organization in Feb then is he eligible for exemption of Rs.15000 under medical reimbursement or (Rs.1250*11= Rs.13750)
And conveyance will be exempted for Rs.(800*11=8800) or it depends upon no of days worked in the last month.
If an employee leaves the Organization in Feb then is he eligible for exemption of Rs.15000 under medical reimbursement or (Rs.1250*11= Rs.13750)
And conveyance will be exempted for Rs.(800*11=8800) or it depends upon no of days worked in the last month.
30 April 2011
The exemption Rs.15000/- for medical reimbursement given under u/s 17(2) of the IT Act is for the whole year. It need not be worked out on monthly / day basis. Hence the total amount is eligible for exemption.
For the conveyance the exemption given is Rs.800/- p.m. It need not be worked out on daily basis.
For the conveyance the exemption given is Rs.800/- p.m. It need not be worked out on daily basis.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- LIC maturity claim whether taxable
- TDS AND ITR ISSUE
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
