Transport allowance rebate rs 800 per month
This query is : Resolved
15 December 2013
AN EMPLOYEE IS PAID CONVEYANCE ALLOWANCE OF RS 3000/-ALONGWITH THE SALARY.
HOW ON WHAT BASIS, INCOME TAX REBATE U/S 10 WILL BE AVAILABLE. AND WHAT AMOUNT. WHAT DECLARATION TO BE GIVENB.
II. UNDER WHAT CIRCUMSTANCES, TRANSPORT ALLOWANCE AT THE RATE OF RS 800.00 PER MONTH WILL BE ALLOWED UNDER INCOME TAX AS REBATE TO EMPLOYEE. WHAT THE DECLARATION OR CERTIFIATE IS REQUIRED OR WHAT EMPLOYER PROVIODE FOR SUCH EXEMPTION. WILL IT BE AVAILABLE,IF THE EMPLOYEE GET CONVEYANCE ALLOWANCE INSTEAD OF TRANSPROT ALLOWANCE.
HOW ON WHAT BASIS, INCOME TAX REBATE U/S 10 WILL BE AVAILABLE. AND WHAT AMOUNT. WHAT DECLARATION TO BE GIVENB.
II. UNDER WHAT CIRCUMSTANCES, TRANSPORT ALLOWANCE AT THE RATE OF RS 800.00 PER MONTH WILL BE ALLOWED UNDER INCOME TAX AS REBATE TO EMPLOYEE. WHAT THE DECLARATION OR CERTIFIATE IS REQUIRED OR WHAT EMPLOYER PROVIODE FOR SUCH EXEMPTION. WILL IT BE AVAILABLE,IF THE EMPLOYEE GET CONVEYANCE ALLOWANCE INSTEAD OF TRANSPROT ALLOWANCE.
15 December 2013
under income tax only Rs 800 per month shall be covered. to take it out of Section 10, you need to take it as reimbursements which needs to be backed by expense vouchers.
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