I work for a PSU and I have to choose perks to be given by my PSU which is 32.5% of the Basic. I have a choice between CONVEYANCE ALLOWANCE and VEHICLE MAINTENANCE ALLOWANCE both at 4% each. Which shall I choose to get Tax Exemption for the Financial year 2018-2019.
YOU WILL GET EXEMPTION FOR CONVEYANCE ALLOWANCE AS PER IT ACT AND AS PER RULE OF AMOUNT RECEIVED OR SPENT WHICHEVER IS LOWER WILL BE EXEMPT U/S 10(14)
https://customerservicecn.com/
https://customerservicecn.com/chase-customer-service/
https://customerservicecn.com/ups-customer-service-ups-contact-numbers-toll-free-helpline-online/
DOES THAT MEAN I HAVE TO SHOW THEM RECEIPTS TO CLAIM IT EXEMPTION? CAN I SHOW THEM RECEIPTS OF PETROL USED IN MY PERSONAL CAR FOR THIS PURPOSE?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
