City compensatory allowance
This query is : Resolved
09 December 2012
To what extent is the city compensatory allowance deductible under the head salary?
Thanks.
Thanks.
09 December 2012
This allowance is paid to employees who are posted in big cities.
The purpose is to compensate the high cost of living in cities like Delhi, Mumbai etc. However, it is full taxable.
The purpose is to compensate the high cost of living in cities like Delhi, Mumbai etc. However, it is full taxable.
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