Hi, i am Ravindra, working in a reputed entertainment firm in HR department.
Can anyone tell me the different type of allowances which are taxable & non taxable. Statutory deductions are applicable or not to those allowances .
Thanks in advance.

From India , Mumbai
Hi Ravindra
There are many allowances
1. Conveyance - 9600 yearly non -taxable
2. Lunch Allowance - taxable (Sodexo coupons 1200 to 1500 per month non-taxable)
3. Leave Travel Allowance (LTA) can claim once in 2 yearsamount equal to 2 yrs. basic salary,does not includd lodging , boarding & food expenses
4. House Rent Allowance(HRA) yearly 40% of basic for non-metros (pune)& 50% of basic for metro cities - non -taxable
5. Educational Allowance upto Rs.12000 yearly non-taxable
6. Medical Reimbursement more than Rs.15000/- is taxable, bills required
7. Sales Commission taxable
8. Pf - non- Taxable
9. Gratuity - non-taxable
10. ESI non-taxable
Hope this will help.......
Rekha Bhave:-)

From India , Mumbai
Dear Sir,
Pls. confirm whether it is mandatory for Lower Cadre Employees Also..Drivers, Gunmans, Peon..Is there any specific guideline /Acts of States/Central..etc..
Pls. provide a format for the above mentioned...

From India , Calcutta
Dear all, whether the uniform allowance worth abt 10,000 is taxable or non taxable? & this is for a sales manager. plz help me.... rgds, avanthi
From India , Madras

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