RUNNING ALLOWANCE

4877 views 3 replies

111 Points Joined March 2019

I got running allowance 2500/- per month, annually-2500*12=30000/-
This is exempted or not from salary

Replies (3)

251 Points Joined November 2018

this is not exempt allowances

other

291 Points Joined February 2019

I think only 30% is taxable. 70% is not treated as pay itself.

46 Points Joined July 2018

70% of the allowance received or 10000 p.m whichever is lower can be taken as exempt amount..rest is taxable..

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