Tax on lump sum allowance
This query is : Resolved
11 June 2014
I am a PSU employee and getting allowances in the form of Lump Sum Allowance (45% of Basic Salary). I am not getting any exemption on allowances like Conveyance, Medical etc.
Are those exemptions not apply on Lump Sum allowances one gets.
Are those exemptions not apply on Lump Sum allowances one gets.
Nikhil Kaushik
(Expert)
13 June 2014
no. there is no exemption for lumpsum allowances.
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