Dear all, For the benefit of everyone, I am reproducing the text of income tax act, section 10 (14) (iii) on transport allowance as follows:
Section 10(14)(iii)(i) Transport allowance: Any transport allowance granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty, to the extent of Rs. 800 per month shall be exempt However, such transport allowance granted to an employee, who is blind or orthopaedically handicapped with disability of lower extremities, is exempt to the extent of Rs. 1,600 p.m. instead of Rs. 800. Please note that: 1 Section 10(14)(iii) deals with Allowances which are exempt to the extent of amount received or the limit specified, whichever is less. 2. this section text clearly extends this benefit to blind. Best Regards, Apoorv Kulkarni _________________________________________________ Apoorv Kulkarni Senior, Accounting Advisory Services (AAS) kpmg Lodha Excelus, Apollo Mills Compound NM Joshi Marg, Mahalaxmi, Tel: Office: +91 (22) 3989 6000 Mobile: +91 (0) 9833423344 Fax: +91 (22) 39836000/ 39835010 Email ID: [email protected] _________________________________________________ KPMG (in India) allows reasonable personal use of the e-mail system. Views and opinions expressed in these communications do not necessarily represent those of KPMG (in India). *********************************************************************** DISCLAIMER The information in this e-mail is confidential and may be legally privileged. It is intended solely for the addressee. Access to this e-mail by anyone else is unauthorized. If you have received this communication in error, please address with the subject heading "Received in error," send to [email protected], then delete the e-mail and destroy any copies of it. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. Any opinions or advice contained in this e-mail are subject to the terms and conditions expressed in the governing KPMG client engagement letter. Opinions, conclusions and other information in this e-mail and any attachments that do not relate to the official business of the firm are neither given nor endorsed by it. KPMG cannot guarantee that e-mail communications are secure or error-free, as information could be intercepted, corrupted, amended, lost, destroyed, arrive late or incomplete, or contain viruses. KPMG, an Indian partnership and a member firm of KPMG International Cooperative ("KPMG International"), a Swiss entity that serves as a coordinating entity for a network of independent firms operating under the KPMG name. KPMG International Cooperative (KPMG International) provides no services to clients. Each member firm of KPMG International Cooperative (KPMG International) is a legally distinct and separate entity and each describes itself as such. ***********************************************************************
