Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April 2019 (FY 2018-19/ AY 2019-2020).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be noted that reintroduction of Standard Deduction by the Finance Act, 2018 has resulted in getting transport allowance withdrawn.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 TDS on Salary Calculator All in One for Government & Private Employees for F.Y. 2018-19. Show all posts
Showing posts with label TDS on Salary Calculator All in One for Government & Private Employees for F.Y. 2018-19. Show all posts
Thursday, 13 December 2018
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