SALARY
This query is : Resolved
12 June 2010
SIR IF A EMPLOYEE RECEIVES SALARY FOR RS.20000.00 AND THE BREAKUP IS AS FOLLOWS. SO PLEASE INFORM WHICH IS TAXABLE OR NOT ?
BASIC 12000.00
SPECIAL ALLOWANCES RS.5950.00
CONVEYANCE ALLOWANCES RS.800.00
MEDICAL ALLOWANCES RS.1250.00
BASIC 12000.00
SPECIAL ALLOWANCES RS.5950.00
CONVEYANCE ALLOWANCES RS.800.00
MEDICAL ALLOWANCES RS.1250.00
12 June 2010
Conveyance allowance exempt till Rs. 800/-. So exempt
Medical allowance deduction available subject to production of medical bills upto Rs. 15000/- for the year i. e. Rs. 1,250/- per month.
Medical allowance deduction available subject to production of medical bills upto Rs. 15000/- for the year i. e. Rs. 1,250/- per month.
13 June 2010
Dear Aditya sorry for interpreting your answer
Transport allowance only Rs.800 per month exempted but Allowance named as conveyance is exempted up to the offical usage - if you want i can provide realted circulars
Also fixed medical allowance is fully taxable only medical reimbursment is exempted of Rs.1250 per month or Rs.15000 per year
Transport allowance only Rs.800 per month exempted but Allowance named as conveyance is exempted up to the offical usage - if you want i can provide realted circulars
Also fixed medical allowance is fully taxable only medical reimbursment is exempted of Rs.1250 per month or Rs.15000 per year
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