Specail allowances are taxable or not ?

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following details are given in salary slips these are taxable or not?
1. special allowance. ₹121300
Flexible basket*
2. leave travelling allowance ₹ 43300
3.telephone allowances ₹18000
4 .meal voucher. ₹15000
Flexible basket of allowance (1+2+3+4) = ₹ 197600

*flexible basket is part of special allownaces given to select &choose non taxable salary component.

out of these which are taxable?
special allowance ₹121300 are taxable or not?
Replies (1)
The LTA can be taken by submitting the bills I. e the amount of actual expenditure incurred. Further, this benefit Is taken in respect of 2 journeys performed in a block of 4 calender years. So, kindly check the above details. Further, food vouchers (not transferable) are tax-exempt to the extent of Rs 50 per meal. "On a calculation of 22 working days a month and 2 meals per day, a sum of Rs 26,400 can be availed as a deduction by an employee annually. The telephone allowance is not taxable. The law does not prescribe any limit, but the expenses should be reasonable considering the salary/ grade of the employee. so, kindly apply the above criteria in your case and calculate the taxable salary.


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