Salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2012
conveyance / transport allowance for the purpose of office to residence is exempt u/s 10 Rs. 800 and payment during the month is less than Rs. 800 i.e.700 then how much amount is exempted u/s 10 .
Thanks
Thanks
01 February 2012
Do you mean to say that the amount of allowance is less than Rs. 800?
Exemption u/s 10 is minimum of actual allowance or Rs. 800/-.
So, if the actual allowance is less than Rs. 800/-, then the whole amount of allowance shall be exempt. Loss will not be computed by taking Rs. 800 as exempt.
Exemption u/s 10 is minimum of actual allowance or Rs. 800/-.
So, if the actual allowance is less than Rs. 800/-, then the whole amount of allowance shall be exempt. Loss will not be computed by taking Rs. 800 as exempt.
CA SUMiT PATWARi
(Expert)
01 February 2012
Rs 700 would be exempt.
Rs 800 is the maximum limit that can be claimed as exemption.
So claim Rs 700 pm as exemption u/s 10
Rs 800 is the maximum limit that can be claimed as exemption.
So claim Rs 700 pm as exemption u/s 10
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
