Allowances
Dear Sir/Madam,
Can Any one explain the meaning Running Allowance and for which kind Persons will be partly exempted, whether it is applicable for Air or Land or Water Transport?
Give some examples to it.
Kindly do the needful ASAP..... Thank You
Replies (1)
Running allowance is an allowance granted to an employee working in any transport business to meet his personal expenditure during his duty performed in the course of running of such transport from one place to another place provided employee is not in receipt of daily allowance.
Example - Bus driver
Amount of exemption shall be lower of following:
a) 70% of such allowance; or
b) Rs. 10,000 per month.
Exemption available to Individual - Salaried employee
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