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Showing posts with label transport allowance tax. Show all posts
Showing posts with label transport allowance tax. Show all posts

Payment of difference on arrears of TA/DA arising out of Railway Board’s letter No.F(E)I/2011/AL-28/18 dt.29.4.14.

Posted by binu Wednesday, September 23, 2015 0 comments

Payment of difference on arrears of TA/DA arising out of Railway Board’s letter No.F(E)I/2011/AL-28/18 dt.29.4.14.

Government of India
Ministry of Railways
(Railway Board)
RBE No. 108/2015
No.F(E)I/2015/AL-28/46
New Delhi, dated 21.09.2015
The General Managers,
All Indian Railways etc.
(As per Standard Mailing List)

Sub: Payment of difference on arrears of TA/DA arising out of Railway Board’s letter No.F(E)I/2011/AL-28/18 dt.29.4.14.

One of the Railways has sought clarification regarding a supplementary claim for difference of TA/DA arising out of enhancement of Dearness allowance upto 100% w.e.f. 1.1.14 after issue of Board’s letter No.F(E)/2011/AL/28/18 dt. 29.04.14.

2. The matter has been examined in Board’s office and it is clarified that where TA/DA has been paid at old rates supplementary claims for difference of TA/DA would be admissible in respect of official tours made on or after 01.01.14 consequent to increase in the rates of TA/DA by 25%, w.e.f. 01.01.2014.

3. This disposes of South Eastern Railway’s letter No.ENG/Bills/TA&DA/604 dated 25.08.2015.

4. Please acknowledge receipt.

5. Hindi version is enclosed.

(Sonali Chaturvedi)
Dy. Dir. Finance (Estt.)II
Railway Board.
SOURCE: https://drive.google.com/file/d/0B40Q65NF2_7UZ0FhREFCb3Q3SHByS0V4YnhxOE1mXzluRXEw/view?pli=1

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Government may increase tax exemption limit for transport allowance to Rs 3,200

Posted by binu P Tuesday, September 8, 2009 1 comments

Government is considering a proposal to raise the tax exemption limit on monthly transport allowance to Rs.3,200 a month from Rs.800. The proposal is being studied by the finance ministry. The move will benefit a large proportion of salaried employees to lower their tax planning by nearly Rs.9,000 a year.

The proposal follows a similar hike for government servants under the Sixth Pay Commission award. However, the private sector employees are expected to benefit as well from the proposal. A decision is expected soon.

In case the proposal materializes, it would lead to an yearly additional exemption of Rs.28,800, and a tax saving of Rs.8,899 a year, including cess, to those in the highest tax bracket.

The Central Board of Direct Taxes, which has the power to formulate and change rules, is exploring the possibility of hiking the exemption through a notification.
source:rtt news

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