Transport allowance exemption limit is increase to Rs. 1600 from Rs. 800, Income tax rule is amended accordingly
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART–II, SECTION 3, SUB?SECTION (ii)] Government of India Ministry of Finance New Delhi, the 13th April, 2015 (Income?tax) S.O. 1002 (E). – In exercise of the powers conferred by section 295, read with clause (14) of section 10 of the Income?tax Act, 1961 (43 of 1961), … Read more