An employer is paying special allowance to one of his employee wather it is considered for the purpose of deducting tds from his salary?
4 Replies
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 07 August 2012
Definitely Special Allowance is in the nature of salary and TDS is to be deducted by Employer U/s 192 of IT Act.
vikram
(articled student)
(99 Points)
Replied 07 August 2012
thank you sir along with that he is also receving conveyance, Medical reimbursment and HRA.
will u please explain the treatment of tha above items...............
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 07 August 2012
Conveyance Allowance upto Rs.800 p.m is exempt.
Medical Expenses upto Rs.15000/- is not taxable provided submission of medical bills.
HRA is exempt based on HRA received, Rent paid and area of working
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