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Salary structure

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..... Salary structure
Query (Issue) Started By: - dillon p Dated:- 25-5-2011 Last Reply Date:- 22-8-2011 Income Tax
Got 1 Reply
Income Tax
Taxability of salary (CTC): What is the exemption on .....

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..... e can claim from salary as regards reimbursement in the following cases: Case: CTC Rs. 100 (including basic+HRA+medicals+LTA = Rs.60, Bal Rs. 40 mentioned in CTC as reimbursement (Car/petrol reimb, a .....

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..... ttire, books and others) Can the balance of Rs. 40 be claimed as non-taxable through the below mode: If so, does it need to be included in Form 16. Modes are all for official purposes: 1) petrol/m .....

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..... aint of car used for official purpose. In some cases for distant travel, car hire charges paid to travel agency (per bills) 2) Books and periodicals purchased 3) Courses attended for enhancement of .....

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..... knowledge 4) Attire bills for suits purchased for attending official functions/meetings 5) Hotel food bills for entertaining clients etc. Reply By Sunil K. Jain: The Reply: All expenses mentioned .....

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..... by you from S.No. 1 to 5 are on account of reimbursment of actual expenses incurred for business purposes, as such they are not part of the CTC and has no place to form part of form 16. However If th .....

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..... ey are paid to employee as allownace then it will be part of perquisites and calculated as per rule 3(1) of the income tax rules 1962
Discussion Forum - Knowledge Sharing .....

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