Special allowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2016 Dear all,
Can you pls tell me weather special allowance
is taxable or not, should i deduct TDS
On full amount of special allowance
Or not,


Regard
Mudit jain

01 June 2016 Special Allowance is taxable and hence you need to do TDS on the sum inclusive of Special Allowance. (Please go through section 10(14) for a better clarification.)
https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx

01 June 2016 special allowance will part of the salary and make tds calculation after taking that allowance.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2016 Sir... recently i have joined new company
As a senior accountant... the company is
providing some allowances however i am
confused about the taxability of these
Said allowance as follow....1) daily allowance.....2) family allowance

Pls carify weather both these allowance are
Fully taxable or not....
Pls guide the same....

01 June 2016 both the allowances are fully taxable.


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