Exemption
This query is : Resolved
12 January 2014
What is the allowances of a assessee which is in police services & wht is the exemptions under then .
& tell the tax planning in all if can do so?
12 January 2014
All allowances are taxable whereas all reimbursement is exempted. You have not specified the nature of allowance which the policeman is getting. There are very few allowances like transport allowance which has limit of Rs. 800/- per month not taxable any thing above is taxable. If it is medical allowance then it is taxable, House rent allowance then it is exempted up to some ceiling.
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