Taxable Salary

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Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2010 Please help me on following topic for taxable salary

Mr. X

Basic 14,583.00
HRA 5,832.00
Conveyance 800.00
Special Allowances 14,400.00
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Total 35,616.00
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Reimbursment'name alloted clain balance

Medical 4193/- - 4193

Telephone 4193/- - 4193

Meal Voucher 6039/- 1800/- 3600/-

what is taxable value of Salary

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

09 July 2010 Fully Taxable: Basic & Special allowance

HRA: Based on the rent reciept, exemption need to be calculated

Conveyance: I think it is Transport allowance Rs.800 exempted

Other reimbursment: Medical reimbursment Rs.15000/ per annum exempted

Telephone :if itis offical usage fully exempted

Meal voucher: Rs.50 per meal exempted

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2010 Sir Meal Voucher Rs.50/- per meal Exempted means it is per day or per meal supose we take meal 3 times in day so Rs. 150/- is exempted or Rs. 50/- will be exempted

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

09 July 2010 As per act Rs.50 per meal and during office hours. so act not specfied how many meals can be taken? nominal my view 2 meals maximum can be taken

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2010 Rs. 50 is per day that means Rs. 600/- p.a is exempted

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

09 July 2010 Rs.50 per meal not per day. my view based on your working day in a months. suppose monthly 25 working day and one meal you are taking means 25x50 = 1250 per month and Rs.15000/- per year

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