transpory Allowance
This query is : Resolved
15 November 2007
respected Sir,
If one person had a job in a company for 1 month & 12 days & getting transport Allowance rs.2000 per month & got rs.2775[200+2000*12/31)]then how much amt will be exempted in Form -16 u/s 10(14).whether 800 or 1600 or Proportionally i.e. 1109[800+(800*12/31)]
Regards,
Anil Jain
If one person had a job in a company for 1 month & 12 days & getting transport Allowance rs.2000 per month & got rs.2775[200+2000*12/31)]then how much amt will be exempted in Form -16 u/s 10(14).whether 800 or 1600 or Proportionally i.e. 1109[800+(800*12/31)]
Regards,
Anil Jain
16 November 2007
The exemption availability of Rs 800 is for the full one month. Therefore, for the proportionate month of employment the exemption will also be given in proportion only
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