Section 10(14)
This query is : Open
23 November 2010
1) Mr X has is in the Indian Navy. He has got Rs. 5000 p.m as Technical allowance (ie. Rs. 60000). What is the exemption limit of Technical Allowance in this case? Or is Rs. 5000 p.m fully exempt.
2) Mr X has also recd. Submarine Allowance Rs. 14000 p.m (Rs. 168000). What is the exemption limit for submarine allowance recd. ?
Please reply...its urgent.
2) Mr X has also recd. Submarine Allowance Rs. 14000 p.m (Rs. 168000). What is the exemption limit for submarine allowance recd. ?
Please reply...its urgent.
23 November 2010
as per my knowledge both are taxable..........
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