CA Sandeep Kanoi

CA Sandeep KanoiCBDT has vide Notification No. 39/2015 increased Transport allowance exemption  limit for employees from Rs. 800 to Rs. 1,600 per month. In case the employee is blind or orthopaedically handicapped with disability of lower extremities the limit is increased from Rs. 1600 to Rs. 3200/- per Month. The revised exemption Limit is applicable from A.Y. 2016/17 /F.Y 2015-16 as can be seen from the chart given below:-

S. No. Name of allowance Place at which allowance is exempt Extent to which allowance is exempt
From A.Y. 2016-17 Up to A.Y. 2015-16
1. Transport allowance granted to an employee [other than an employee referred to in serial number 2] to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty Whole of India Rs. 800 per month.
2. Transport allowance granted to an employee, who is blind or orthopaedically handicapped with disability of lower extremities, to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty Whole of India Rs. 1,600 per month.
 Notification No. 39/2015 [F. No.142/02/2015‐TPL] / SO 1002(E) : Income‐tax (6th Amendment) Rules, 2015
Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)Income‐tax Notification No. 39/2015Dated- 13th April, 2015

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), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income‐tax Rules, 1962, namely:‐(1) These rules may be called the Income‐tax (6th Amendment) Rules, 2015.(2)   They shall come into force on the 1st day of April, 2015.

2.  In the Income‐tax Rules, 1962, in rule 2BB, in sub‐rule (2), in the Table,‐

(a)       against serial number 10, in the entry under column(4),relating to the extent to which allowance is exempt, for the letters, figures and words “Rs.800 per month”, the letters, figures and words “Rs.1600 per month” shall be substituted;

(b)       against serial number 11, in the entry under column (4),relating to the extent to which allowance is exempt, for the letters, figures and words “Rs.1600 per month”, the letters, figures and words “Rs.3200 per month” shall be substituted.

[F. No.142/02/2015‐TPL]

(Raman Chopra) Director (TPL‐II)

Note .—The principal rules were published in the Gazette of India vide notification No. S.O. 969(E), dated the 26th March, 1962, and was last amended by vide notification S.O. No. 995(E) dated 10th April, 2015.

 

More Under Income Tax

Posted Under

Category : Income Tax (27500)
Type : Notifications (15814) Notifications/Circulars (31860)

51 responses to “CBDT Notifies Revised Transport allowance exemption limit”

  1. Satya says:

    Let God Bless Ketli Saab

  2. suryakumar s. v. says:

    I AM PU COLLEGE LECTURER .
    can I deduct CONVEYANCE ALLOWENCE
    FROM INCOME SOURCE .

  3. Pascoal D costa says:

    UNDER WHAT SECTION OR WHERE IS THE DEDUCTION OF TRANSPORT ALLOWANCE TO BE SHOWN IN THE ITR-1 WHEN FILING OF THE RETURN

  4. mohan says:

    Dear sir’
    I am getting basic +DA+HRA only as salary (no element of TA). can I get the benefit of TA up to 19200/-

    • M.P.Udayakumar says:

      Sir I am drawing Transport allowance and DA on TPT as Rs.13600 + 9032(DA), that is total of Rs.22,632/-drawn against TPT allowance. Please confirm that what amount to be the direct deduction against Transport Allowance.

  5. Archana Kumari says:

    Sir,whether Da onTa will be included in Ta for exemption of R’s.19200 or 9600

  6. S.K.Roy says:

    In case of consolidated salary can this benefit availed

  7. Parveen Singh says:

    Is TA and DA thereon exempted upto Rs 1600 pm in income tax for ay 2017-18

  8. A.A.KHAZI says:

    sir,

    I am working as a Accountant at Doordarshan Kendra,Gulbarga,in our department some employees are getting 800=00 Transport Allowances and some employees are getting 1600=00 Transport Allowances per month i.e.,according to grade/eligibility. Now calculating Income Tax – Transport Allowance exemption has to be taken as 1600=00 per month for all the employees or otherwise may kindly be enlighten please.

  9. Palaniappan Sankaran Pillai says:

    Whether the DA on Transport Allowance is also allowed for IT exemption subject to the limit of Rs.1600/- per month

  10. Ulhas K. Naik says:

    Transport Allowance of Rs.1600/- Per Month and Rs.19200/- Per Annum is Exempted for Computation of Annual Income. It is therefore requested to confirm whether Basic TA of Rs.800/- + DA thereon upto Rs.1600/- Per Month is entitled for Exemption under Income Tax Rules for the Financial Year 2015-16 & 2016-17

  11. Susheel Kumar Jain says:

    my residence in office permises or employer give me flat in office premises, can i get transportation allowance?

  12. David says:

    Transport allowance taken for 10 months only – still Rs19,200 is allowed as exemption

  13. Param Lal Bathri says:

    Sir, I get TA Rs.800/- per month. DA on Ta is Rs.952/- per month. Now, FY 2015-16 TA is exempted till Rs.1600/- per month. My annual total of TA is Rs.9600/- and DA on TA is Rs.11040 As per new rule, there is TA is exempted till Rs.1600/- per month, therefore can I get TA exemption till Rs.19200/- for FY2015-16

    • Parveen Singh says:

      I am getting TA @ Rs800 pm and DA thereon RS 1000 pm . As per new rule TA is exemted -upto Rs 1600 pm in IT. Can I get exemption @ Rs1600 pm in income tax.

    • Parveen Singh says:

      I am getting TA @ Rs800 pm and DA thereon RS 1000 pm . As per new rule TA is exemted upto Rs 1600 pm in IT. Can I get exemption @ Rs1600 pm in income tax for AY 2017-18.

  14. sridevi says:

    Sir, I get TA Rs.800/- per month. DA on Ta is Rs.952/- per month. Now, FY 2015-16 TA is exempted till Rs.1600/- per month. My annual total of TA is Rs.9600/- and DA on TA is Rs.11040 As per new rule, there is TA is exempted till Rs.1600/- per month, therefore can I get TA exemption till Rs.19200/- for FY2015-16.

Leave a Reply

Your email address will not be published. Required fields are marked *