Fixed allowance

Tax queries 584 views 3 replies

Accounts Manager - Taxation

1771 Points Joined April 2009

If Fixed Allowance per month reimbursed to employee in cash ( Other than Salary Allowance), is it liabile to Tax?

Replies (3)

Myself Provides Private Tuition for CS

40 Points Joined August 2011

It depends upon type of fixed allowance whether education allowance uniform allowance lunch allowance ...Then the taxability will be determined ...

569 Points Joined February 2014

DEPENDING ON ITS NATURE ..IT'LL TAXABLE

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33521 Points Joined November 2008

If You get bills as supporting, then it is not taxable, else it is taxable.

Thanks

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