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.
16th January 2009 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:-)
16th January 2009 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...
4th February 2009 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
5th February 2009 From India , Madras
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™