Menu
10(14)(i) and 10(14)(ii)
which type of allowance allowed and extra standard deduction
Replies (1)
-
Section 10(14)(i) is for official work expenses; you get an exemption only on the actual amount spent.
-
Section 10(14)(ii) is for personal expenses; you get a fixed monthly exemption regardless of actual spending, up to the limits set by law.
-
There is no "extra" standard deduction for these; you simply receive the standard flat deduction on your total salary.
Recent Topics :
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
Related Topics :
CAclubindia
