transport allowance
This query is : Resolved
03 April 2009
could u tell me plz that what is the maximum amount as a transport allowance, which i can give to the employees in a private company?
(4000*25/100= 1000 or 800 whichever is lower)
what will be the payment in the above case,if the employee salary does not comes under tax liability.
(4000*25/100= 1000 or 800 whichever is lower)
what will be the payment in the above case,if the employee salary does not comes under tax liability.
03 April 2009
Upto Rs.800 transaporation allowance will be eligible for deduction. This will be helpful for those who are in tax bracket.
For others it is immaterial but you have to keep in mind the company policy also.
For others it is immaterial but you have to keep in mind the company policy also.
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