01 June 2016
Dear all, Can you pls tell me weather special allowance is taxable or not, should i deduct TDS On full amount of special allowance Or not,
01 June 2016
Special Allowance is taxable and hence you need to do TDS on the sum inclusive of Special Allowance. (Please go through section 10(14) for a better clarification.) http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
01 June 2016
Sir... recently i have joined new company As a senior accountant... the company is providing some allowances however i am confused about the taxability of these Said allowance as follow....1) daily allowance.....2) family allowance
Pls carify weather both these allowance are Fully taxable or not.... Pls guide the same....