u/s 10 allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2010
if a lady received RS 199600 as salary including Rs. 9600/- as conveyance allowance, does she get tax the rebat, what is U\s 10 of IT
28 July 2010
Yes. As per Income tax act, conveyance allowance is exempt up to Rs.800/- & for that there is no ned to produce any document.
28 July 2010
yES, SHE WILL GET EXEMPTION OF RS.800/- PM FOR CONVEYANCE ALLOWANCE AS WELL AS SHE CAN CLAIM EXEMPTION OF ALLOWANCE LIKE HRA U/S 10(A) SUBJECT TO LIMIT.
28 July 2010
Agreed.
190000/- exempt being the limit for lady &
Conveyance allowance @ 800/- p.m i.e Rs. 9600/- is exempted from tax.
so NIL Tax.
190000/- exempt being the limit for lady &
Conveyance allowance @ 800/- p.m i.e Rs. 9600/- is exempted from tax.
so NIL Tax.
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