if an employer shows special allowance in salary breakup then what is the limit of it that can be taken as exempt for taxation purpose, is it fully exempt of partly..
the entire amount was spent for meeting business expenses and carrying of the working of tasks handled by employer..
kindly reply.. thanks in advance
Special allowance - there are two types. fully exempted and partial.
Full exempted - Daily allowances, Travel, research&dev., conveyance, helper and uniform.
Partial- there are certain limits.check Section 10(14)II. and Business purpose means what kind of?? is it for development or travel or anyother??
mention properly.
Rohit KC Jain & Co
New Delhi
CA Inter
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
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