Non Taxable allowances to be included in Salary
Manju (Accountant) (47 Points)
30 July 2007
Sushil Yadav
(Student)
(38 Points)
Replied 30 July 2007
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 September 2008
In the CTC
Incorporate maximum non-taxable conveyance allowance of Rs 800;
Include HRA deduction which however is dependent upon Rent paid;
Include Medical reimbursement upto Rs 15000 per annum;
Include contributions to Approved Gratuity, Provident and super annuation funds.
All others are taxable.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961