Exemption of Transport Allowance from the purview of Income Tax- Enhancement of exemption limit from Rs. 800/- to Rs. 3200/- plus D.A. thereon : NFIR

Exemption of Transport Allowance from the purview of Income Tax- Enhancement of exemption limit from Rs. 800/- to Rs. 3200/- plus D.A. thereon : Railway Board orders NFIR published an important order regarding the enhancement of Income Tax exemption limit for Transport Allowance to Railway employees… DC/JCM Item No 24/2012 – Exemption of Transport Allowance [...]

December 13, 2012  Tags: , , , , , , ,   Posted in: Allowances, I Tax, Railways, TA  No Comments

Exemption of Transport Allowance on Income Tax : Enhancement of exemption limit from Rs.800 to Rs.3200

Exemption of Transport Allowance on Income Tax : Enhancement of exemption limit from Rs.800 to Rs.3200 NFIR demanding to enhance the limit of exemption in Transport allowance on Income Tax from the existing level of Rs.800 to Rs.3200 plus Dearness allowance thereon. Already in Departmental Council JCM meeting the Staff Side had agreed to make [...]

September 1, 2012  Tags: , , , , , ,   Posted in: Allowances, Finmin Orders, I Tax, TA  11 Comments