Suresh Verma (Student) (103 Points)
24 August 2011Hiiiiii...
Basic- Rs.10834,HRA-4333,Conveyance Allow-800,Washing Allowance-1250,Medical Allowance-1083,Education Allowance-2167,Special Allowance-1200(all are p.m)
Plz advise whether it will result into any tax liability... & is there any requirement relating 2 TDS..
& What is the treatment of this special allowance?????
Plz advise its Urgent
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 25 August 2011
Basic and washing Taxable
conveyance exempt upto 800 pm(assumed not handicap)
Hra depends on rent paid, medical depends- if reimb of exps- upto 15000pa.
plz give more details for above
CAclubindia
