Can anybody tell me the names of the allowances which are exempt for all the employees & government employees? is telephone allowance exempt ?
Thank you in advance ...
3 Replies
CA.Dheenadayalan.R
(Chartered Accountant)
(156 Points)
Replied 27 February 2010
Fully exempt allowances:
Tavelling, dialy, conveyance, helper, academic , uniform and allowances/ perquesites for govt. employees services rendered outside India.
CA Mohit Agrawal
(Chartered Accountant)
(371 Points)
Replied 27 February 2010
thank you very much...Dheenadayalan.R
Prasanth Nair V
(ACA,ACS,CWA Final,Mcom)
(557 Points)
Replied 16 March 2010
For Government Employees, allowances given for services rendered outside India are exempt under sec 10(7).ie.(All the Allowances).
For Others,
1.Daily Allowance
2.Conveyance Allowance
3.Academic Allowance
4.Helper Allowance
5.Uniform Allowance
6.Travelling Allowance
In Case of Telephone Allowance, its Taxable if used for Personal Use...
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