Tuesday, December 28, 2010

Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax




GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS

(RAILWA BAORD)





No. F(X)I-91/23/3




New Delhi, Dated 28-12-2010




As per Standard List I, II, III





Sub: Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax.




**************





In continuation of Board's letter of even number dated 13.07.2000, a copy of the Notification of Ministry of Finance (Central Board of Direct Taxes) No. S.O. 2820(E) dated 22nd November

2010 regarding substitution of the letters figures and words "Rs.6,000/- per month" with letters, figures and in sub rule (2) in the table against serial number 4 in column 4 is enclosed for

information and guidance.



Receipt of this letter may please be acknowledged.






s/d

(V.Rama Manohar Rao),

Joint Director, Finance (Exp.)-I,

Railway Board






DA : As Above





More details please visit NFIR website...




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