Tag Archives: pocket money Taxability

Taxability of Pocket Money Received by Employee

By | November 19, 2016

Held The allowance given to the assessee at the rate of Rs. 140 per day for pocket money cannot also be regarded as reim­bursement of expenses incurred in the performance of duties by the appellant.In view of these newly inserted provisions of section 2(24)(iiia ) and (iiib) and in view of the above referred Explanation… Read More »