Please clear that If An employee is Paid Education Allowance towards his son studing aborad -would that be taxable or exempted in hands of employee .
thanks in advance ,please make quick reply
PardeepBassi (Account Officer) (156 Points)
12 October 2009Please clear that If An employee is Paid Education Allowance towards his son studing aborad -would that be taxable or exempted in hands of employee .
thanks in advance ,please make quick reply
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 12 October 2009
Rs. 100 per child is exempt upto two child..................After that it is taxable..........