Exemption of Transport allowance from Salary

My Question is : The Transport Allowence for a Handicap Employee is 1600/- p.m. i.e. exemption limit.....     if he get this allowence for 3 months and amount is 1800/- then what will  be his deduction amount????????????  

Please send me as soon as possible

Dear Naval,

Transport allowance under rule 2BB is limited to Rs. 1600/- on monthly basis and hence balance Rs. 200/- monthly (Rs. 1800 - Rs. 1600) will be taxable

Regards

Sir, (This is not a reply but a query, please)

The exemption for transport allowance in the IT is Rs. 1600/- p.m. for handicapped and Rs. 800/- p.m. for others.  Now my questions are :

(a)  If a person has been getting Rs. 100/- p.m. for say 6 months and gets Rs. 1600+256 for the remaining 6 months, can he claim claim exemption of Tpt allc for

   (i)   Rs. 9600/- (800x12)   or   (ii)  Rs. 600 (6x100)+Rs. 800x6 = Rs. 5400/- or

(iii)  6x100+6x1600   or

(iv) (since the exemption mentioned above is for old rates before introduction of CCS (Revised) Pay Rules, 2008.) is it Rs. 1600x12

and

(b) Is the DA now given on Tpt is exempt like Transport Allowance ?

Thanks

RK Rao

Questions are;

1.Housing loan taken jointly with my wife,exemption on principal how much

2.TA  IT exemption on the amount exceed Rs. 9600

To Sudhir,

Any one can take the advantage of housing loan.Better to take the benefit in hand of higher income.

Since the deduction of pricipal amount of HL has been considered u/s 80C.So,the overall limit of 80C should not exceed Rs 1 lakhs (including HL's pricipal)

What is the limit of transport allowance extended to central govt. employes?

6th Pay commission has introduced transport allowance to central govt. employes. Now the question wether transport allowance is taxable? If exemption how much in a year?

Yeah both the partners can take the claim .....but in the ratio they are partner in the home loan.......and in this case individual limit will be 150,000/-