Exemption limit 10(14)i

Tax planning 111 views 1 replies

Senior Finance Officer

398 Points Joined December 2016

pls share the deduction limit of section 10(14) i . Employer showes Rs 47000 in form 16 in the head of 'Other earning/ Allowances"

pls help

Replies (1)

SeniorManagerGlobalInternalAudit

22 Points Joined November 2017

Ideally the exempt is shown in form 16 itself. As per the said section, the mentioned allowances are exempt to the extent of actual spend.

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