Standard deduction
This query is : Resolved
15 December 2018
Hello Everyone,
My company offers me different types of allowances such as telephone, newspaper etc and thus FY has standard Deduction of 40k which includes transport and medical allowances so my question is am I still eligible for allowances which my company offers me.
Thanks in advance
My company offers me different types of allowances such as telephone, newspaper etc and thus FY has standard Deduction of 40k which includes transport and medical allowances so my question is am I still eligible for allowances which my company offers me.
Thanks in advance
16 December 2018
standard deduction is in lieu of transport and medical allowance only. other allowances are still allowed.
16 December 2018
you are welcome Piyush.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Import license renewal
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
