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Transport Allowance

This query is : Resolved 
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(Querist)
15 November 2007 Respected Sir,

If one employee had a job in a company for 1 month & 12 days and he is getting 2000 per month as Transport allowance and at that time he got rs. 2775{2000+(2000*12/31)}
then how much amt will be exempted for him u/s 10(14).
800 or 1600 or Proportionately i.e. 1109 {800+(800*12/31)}.

Regards,
Anil Jain
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
16 November 2007 This has already been answered
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Suresh Agrawal

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Suresh Agrawal (Expert)
17 November 2007 Proportionately Rs.1109.
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CA Anil Jain

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CA Anil Jain (Querist)
17 November 2007 But in the TDS Software from where we Prepare form-16 there is only option to write the month in full i.e.in completed months not in fraction months. Is this Software mistake or Law misintrpretation?
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
21 November 2007 It will be 1600
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CA Anil Jain

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CA Anil Jain (Querist)
21 November 2007
Respected Experts,

Plz don't create confusion.Specify clearrly whether any circular,case Law in this regard.Mr.Suresh Said 1109 & same view of Mr.ss.But u hav different view .Plz reply.

Regards,

Anil Jain.
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Sanjeev Mittal

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Sanjeev Mittal (Expert)
01 December 2007 No it will be 1575 (i.e. 800+775)
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CA Anil Jain

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CA Anil Jain (Querist)
03 December 2007 On what Basis?
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
03 March 2008 The amount allowed for deduction U/s 10(14) will be 800+proportionate amount.
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