TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendments to Section 10(14) of Income Tax Act: Tax Exemptions for Employee Allowances Updated, Effective April 1, 1989.</h1> The circular outlines amendments to Section 10(14) of the Income Tax Act, 1961, regarding tax exemptions for employee allowances. Effective from April 1, 1989, these provisions allow tax exemptions for specific allowances, such as travel, daily charges, conveyance, and uniform expenses, provided they are incurred for duty performance. Section 10(14)(ii) covers allowances for personal expenditures related to increased living costs, with a revised ceiling of Rs. 3,000 per month from July 1, 1992. Employers must report these allowances in salary certificates, and employees must affirm their use for intended purposes, providing evidence if required. Assessing officers and employers are advised to ensure compliance.
TaxTMI 
TaxTMI 
