transport allowance
This query is : Resolved
rajesh pasari
(Querist)
03 April 2009
could u tell me plz that what is the maximum amount as a transport allowance, which i can give to the employees in a private company?
(4000*25/100= 1000 or 800 whichever is lower)
what will be the payment in the above case,if the employee salary does not comes under tax liability.
(4000*25/100= 1000 or 800 whichever is lower)
what will be the payment in the above case,if the employee salary does not comes under tax liability.
CA. B.SRINIVASULU
(Expert)
03 April 2009
Upto Rs.800 transaporation allowance will be eligible for deduction. This will be helpful for those who are in tax bracket.
For others it is immaterial but you have to keep in mind the company policy also.
For others it is immaterial but you have to keep in mind the company policy also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Visiting card purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
