28 November 2013
LTA is exempt twice in the block of 4 years. . In Form 16 -how this amount has been shown. Whether it's full exempt amount or amount after exemption ? . In case the entire amount has been exempted in Form 16 under the head allowances exempt U/s 10, then no tax is payable. . When 69424 is the taxable amount then tax is required to be paid by adding all the three. . Variable pay is taxable. . .
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