There is a family planning allowance for families to be exempt on taxes. Taxes must be filed every year if someone is working.
Is sumptuary allowance and daily allowance paid to the minister in india are taxable
No
If you are receiving the minimum income which is 11,856 as of November 1, 2012 you are exempted from tax.
money that does not have to be paid
50%
Income, grant, allowance, proceeds, net...
just means that u are not required to do it. or u don't have to do it.
yes conveyance received on reimbursement basis is completely exempted from salary income of the employee. If it is fixed amount with out considering billsor actual expenses spent then Rs 800 per month is exempted
No
No, the IRS requires an income of $500 or more be reported for tax purposes.
Each exemption is equal to an amount of income that is "exempted" from taxation. Hence it lowers your taxable income and therefore tax.
The exempted limit of Indian Income tax for individual for assessment for the year 2014-2015 is expected to, I think, it would be 2.2 lakh for male , n 2.5 for female and sr. Citizens.