Taxable Salary

This query is : Resolved

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)
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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)
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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)
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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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