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Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 April 2010
Plz solve my problem
In Income Tax Salary head:-
Education facility for 2 children till Rs. 1000/- exempt but more than Rs. 1000/- fully taxable or more than Rs.1000/- amount taxable same problem in gift allowance.
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kartik_somu

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kartik_somu (Expert)
16 April 2010 education allowance is exempt to the extent of Rs. 100 per month per child upto a maximum of 2 children.

amount in excess of that is taxable.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
16 April 2010 agree with Kartik
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 April 2010 AGREE WITH EXPERTS
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 April 2010 Agree with Kartik
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