u/s 10 allowance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 if a lady received RS 199600 as salary including Rs. 9600/- as conveyance allowance, does she get tax the rebat, what is U\s 10 of IT

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 July 2010 Yes. As per Income tax act, conveyance allowance is exempt up to Rs.800/- & for that there is no ned to produce any document.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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28 July 2010 yES, SHE WILL GET EXEMPTION OF RS.800/- PM FOR CONVEYANCE ALLOWANCE AS WELL AS SHE CAN CLAIM EXEMPTION OF ALLOWANCE LIKE HRA U/S 10(A) SUBJECT TO LIMIT.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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28 July 2010 Agreed.

190000/- exempt being the limit for lady &
Conveyance allowance @ 800/- p.m i.e Rs. 9600/- is exempted from tax.

so NIL Tax.

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