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Professional development fees

This query is : Resolved 
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(Querist)
11 August 2012 Dear Sir,

This is srinivasan, am working in private concern, Kindly let me know whether the professional development allowance exempted from tax or not.

If exempted from tax what will be maximum or minimum amount allowable

Thanks & regards,
Srinivasan.R
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 August 2012 Professional development allowance paid to an employee is fully taxable in the hands of the employee.
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