banner_ad

Salary

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

kartik_somu

Profile Image

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.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
16 April 2010 agree with Kartik
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
16 April 2010 AGREE WITH EXPERTS
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
16 April 2010 Agree with Kartik
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details