Poonawalla fincorp
Poonawalla fincorp

Tax on allowances

This query is : Resolved 

01 October 2012 Dear all,
Kindly clarify the following,
The following allowances are paid in a medical college for professors/ass.professors,
a) Academic adv.All
b) Post grad.All
c) Veh.Reimb.All
d) Laundry All
e) Non Pract.All
whether these are tax free? if so to what extent?

01 October 2012 Vehicle Reimbursement Allowance Can be Claimed as Conveyance Allowance 800 Per Mont as Fix.

Laundy Allowance Can be Claim as Uniform Allowance but Condition is Used only for office purpose That much can be Claimed.

Other Allowances are Fully Taxable.



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