taxable vs not taxable allowances.......plz...sir
This query is : Resolved
17 December 2007
Our company in pay slip the following allowance given, in that which is taxable or not, how much is allowable exmption ? please sir,
Individual tax computaion:
1.Uniform Allowance
2.Vehicle maintenance reiumbursement
3.Children education allowance
4.Books & Periodicals
5.Medical reiumbursemet
6.petrol allowance
7.reiumbursement of club& food
please sir, what is taxable allowance and how much taxable ?
Individual tax computaion:
1.Uniform Allowance
2.Vehicle maintenance reiumbursement
3.Children education allowance
4.Books & Periodicals
5.Medical reiumbursemet
6.petrol allowance
7.reiumbursement of club& food
please sir, what is taxable allowance and how much taxable ?
27 December 2007
1.Uniform allowance - exempt
2.Children education allowance - Exempt to the extent of Rs.100 p.m. per child upto a maximum of two children.
3.Medical reimbursement - Exempt to the extent of Rs.15000.
4. Remaining are taxable.
2.Children education allowance - Exempt to the extent of Rs.100 p.m. per child upto a maximum of two children.
3.Medical reimbursement - Exempt to the extent of Rs.15000.
4. Remaining are taxable.
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