Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April, 2019 (FY 2018-19/ AY 2019-2020).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noted that reintroduction of Standard Deduction by the Finance Act, 2018 has resulted in getting transport allowance withdrawn.
Showing posts with label Transport Allowance withdrawn from FY 2018-19 CBDT notifies.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Showing posts with label Transport Allowance withdrawn from FY 2018-19 CBDT notifies.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