“Allowances granted to meet the cost of travel on transfer” includes any sum paid in connection with transfer, packaging and transportation of personal effects of such transfer. Travelling Allowance: Any allowance granted to meet the cost of travel on tour or on transfer of duty.The following allowances are covered under this category:. This category of allowances are exempt under Section 10 (14)(i) to the extent of the actual amount received or the amount spent for the performance of the duties of an office (whichever is less). The above 2 categories of allowances exempt under Section 10 have been explained below:- Allowances exempt under Section 10 (14)(i) TDS on Salary would also be deducted and the employee can claim credit of the same at the time of filing of income tax return. The total taxable salary would be computed after reducing the allowances exempt under Section 10 and the balance salary would be taxable as per the Income Tax Slabs. Allowances exempt under Section 10 (14)(ii).Allowances exempt under Section 10 (14)(i).The special allowances exempt under Section 10 (14) can be divided into 2 parts:. Special Allowances exempt under Section 10 (14) We have already discussed the following allowances in our previous posts and in this post we would be focussing on certain special allowances which are covered under Section 10 (14). There are various allowances exempt under Section 10 for Salaried Employees like House Rent Allowance, Leave Travel Allowance, Travelling Allowance, Uniform Allowance etc.
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