06 April 2013
The allowances to MP's and MLA's are exempt from tax hence taxable income will be only Rs.8000 per month.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
06 April 2013
sir but somebody telling that not all allowance is exempt its only for constituency and daily allowance. all others are exempted subject to section 10(14). clarify me