Taxable / Non Taxable salary Income

Tax planning 3299 views 2 replies

Hi Friends,

For computation of employees Income tax on salaries.  What is taxable components and what is non-taxable components on the following components.

1. Books & Periodicals

2. Attire Allowance

3. Driver re-imbursement and Vehicle maintenance

4. Assisstant Allowance

5. Conference fee re-imbursement

6. Gratuity

7. Exgratia

 

Thanks & Regards

Friend

 

 

 

Replies (2)

3. Driver re-imbursement and Vehicle maintenance read as Vehicle Maintanence and Driver salary

1. Books & Periodicals - Non Taxable if the Books & periodicals used for purchase of official & business related books.

2. Attire Allowance : It is somewhat simmilar to Uniform allowance, which is non taxable, the limit is not mentioned any where but it is better to restrict to maximum 7.5% of the Total CTC.

3. Driver re-imbursement and Vehicle maintenance - Refer Perquisite rules for this. However some companies considered this as an reimbusement on submission of actual proof, and consider this as Non Taxable.

4. Assisstant Allowance - Non Taxable if directly paid to Assistant by the Company.

5. Conference fee re-imbursement - Non Taxable.

6. Gratuity - Taxable Refer Section 10

7. Exgratia - Taxable


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details