If someone salary is 14000 and mobile allowances are 3000 p/m then is it comes under income tax or taxable for female employee?
From India, Ghaziabad
1From India, Ghaziabad
Hi If the total salary for any employee is even 20,000/- then there is no tax. If the total wages is above 20,000/- then you have to plan well to design salary structure.
From India, Bangalore
From India, Bangalore
As per your query, I have 1 query. It is reimbursement or allowance?
If it is Allowances it will be considered as part of Salary and is Taxable. If it is Reimbursement it can be exempted from Taxation.
Now coming to your main query for this example,
if salary is 14000/- and 3000/- is Mobile allowances thn total earning per month is 17000/- and so 204000/- per year, so he is out of scope of Tax.
As per 2016-17 Budget up to income of 250000/- the tax is Nil, and under Section 87A if individual is earning less than 500000/- is eligible for rebate of 2000/- on net payable amount of Tax.
From India, Ahmadabad
If it is Allowances it will be considered as part of Salary and is Taxable. If it is Reimbursement it can be exempted from Taxation.
Now coming to your main query for this example,
if salary is 14000/- and 3000/- is Mobile allowances thn total earning per month is 17000/- and so 204000/- per year, so he is out of scope of Tax.
As per 2016-17 Budget up to income of 250000/- the tax is Nil, and under Section 87A if individual is earning less than 500000/- is eligible for rebate of 2000/- on net payable amount of Tax.
From India, Ahmadabad
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Taxable Income.doc