Metro reimbursement salary portion or not
This query is : Resolved
25 September 2013
Our Co. is making reimbursement for conveyance metro fare of an amount that is spent by employee as metro fare while coming to office.
conveyance reimbursement thus made is a part of salary or not for deduction of TDS by company?
Thanks & Regards
Anjana Sehgal
conveyance reimbursement thus made is a part of salary or not for deduction of TDS by company?
Thanks & Regards
Anjana Sehgal
25 September 2013
Incase of conveyance reimbursement for official purpose is exempted
Incase conveyance given for travel between residence and office, it will be covered exemption under Conveyance/transport allowance of Rs.800 per month exemption u/s.10(14)
Incase conveyance given for travel between residence and office, it will be covered exemption under Conveyance/transport allowance of Rs.800 per month exemption u/s.10(14)
11 October 2013
And no proof is required to show the amount spend, its standard deduction , every employee can claim it even if he doest not spend money on it.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- CCFS 2026 Schemed
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
