Saturday, January 15, 2011

HIGHER TAX BREAKS FOR TRANSPORT EMPLOYEES

Operational level employees of transport systems including railways and domestic airlines have
cause for cheer. The Finance Ministry has raised the tax exemption ceiling on the allowance paid
to them for meeting their personal expenses during the duty performed in running the transport system from one place to another in India. The tax exemption ceiling on such allowances has been
hiked to Rs. 10,000 a month from an earlier ceiling level of Rs. 6,000 a month. The exemption is
available only if such an employee is not in receipt of any daily allowance.

0 comments:

Post a comment