Can any one guide me regarding the Income tax limits and Provision Under the Income Tax Act (Fy 06-07)
What's the Limit of the following Components of CTC under which one evade the tax liability(Mumbai)
SPECIAL ALLOWANCE
EDUCATION ALLOWANCE
REIMBURSEMENT OF CONVEYANCE
LUNCH RE-IMBURSEMENT (COUPONS)
REIMBURSEMENT OF MEDICAL
PERFORMANCE/ VARIABLE PAY
What's the Amount of the above mention components That attracts Tax and what are the various provisions to evade the tax/Get rebate.
Abhishek Arun
What's the Limit of the following Components of CTC under which one evade the tax liability(Mumbai)
SPECIAL ALLOWANCE
EDUCATION ALLOWANCE
REIMBURSEMENT OF CONVEYANCE
LUNCH RE-IMBURSEMENT (COUPONS)
REIMBURSEMENT OF MEDICAL
PERFORMANCE/ VARIABLE PAY
What's the Amount of the above mention components That attracts Tax and what are the various provisions to evade the tax/Get rebate.
Abhishek Arun