children education allowance
This query is : Resolved
08 September 2016
if an employee receives 3000 yearly for 3 children as education allowance then what amount is taxable
08 September 2016
The Exempt Amount is Limited To 100 per Month per Child up to a Maximum 2 Children.
Your Taxable Allowance is 9000-2400=6600
Your Taxable Allowance is 9000-2400=6600
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08 September 2016
it's not 3000 per child it is 3000 for all three. in that case do we assume 3000-2000= 1000 or 3000-2400= 600
09 September 2016
Than 3000-2000 and not 3000-2400
Thanks.
Thanks.
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