Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April, 2019 (FY 2018-19/ AY 2019-2020). It may be noted that reintroduction of Standard Deduction by the Finance Act, 2018 has resulted in getting transport allowance withdrawn.
Showing posts with label Income Tax All in One for Govt and Non-Govt employees for F.Y.2018-19. Show all posts
Showing posts with label Income Tax All in One for Govt and Non-Govt employees for F.Y.2018-19. Show all posts
Sunday 9 September 2018
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