Transfer Allowance
This query is : Resolved
04 February 2011
Hello All,
I would like to know whether Disturbance allowance received against my transfer from one city to another city will be taxable on Not. I have received One Month basic salary against my transfer from my company.
There is no other reimbursement given by the company other than One month salary against my transfer.
Kindly clarify…?
Hello All,
I would like to know whether Disturbance allowance received against my transfer from one city to another city will be taxable on Not. I have received One Month basic salary against my transfer from my company.
There is no other reimbursement given by the company other than One month salary against my transfer.
Kindly clarify…?
04 February 2011
please mention the correct nature & what purpose the allowance is paid
04 February 2011
If this is City Compensatory allowance, it will be always taxable.
05 February 2011
Company pays the allowance as “Staff Transfer allowance”. And it’s been paid for the compassion for disturbance to the employee for his transfer from one City to another city.
05 February 2011
Even though its compensatory in nature, yet it is treated as an additional amount than salary. It will be taxable.
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