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
1 Replies
Ashok
(SeniorManagerGlobalInternalAudit)
(22 Points)
Replied 27 July 2018
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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