Mla allowance taxability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 MLA RECEIVING per month

BASIC 8000
Compansatory allowance 7000
Telephone Allowance 5000
Postal Allowance 2500
Constituency Allowance 5000
Consolidated Allowance 2500
Vehicle Allowance 20000

What is his taxable salary under salary or other sources? kindly help

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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06 April 2013 Salary of MP's and MLA's taxable under the head other sources.

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 I need the taxable salary amount from the above figures sir, kindly assist

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CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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06 April 2013 The allowances to MP's and MLA's are exempt from tax hence taxable income will be only Rs.8000 per month.

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 sir but somebody telling that not all allowance is exempt its only for constituency and daily allowance. all others are exempted subject to section 10(14). clarify me