Children Education Allowance under section 10

Friends,

 As per income tax rule no. 2BB, Exemption regarding Children  Education Allowance with extent Rs. 100/- per month per child upto maximum of two children can be availed by an employee on getting Children Education Allowance from his employer.

Details rule regarding Children Education Allowance are given as under :-

________________________________________________________________________

Sr.No.   Name of Allowance                                         Place at which        Extent to which 

                                                                                        Allowance is           Allowance is 

                                                                                        exempt                   exempt

 (1)            (2)                                                                         (3)                           (4)         

________________________________________________________________________

5.

Children Education Allowance

Whole of India

40[Rs. 100] per month per child up to a maximum of two children.

Transport Allowance, Blind/Handicapped Allowance, Extent Amount of Allowances Per Month

Friends

           Many employees are getting Transport Allowance but they are  not aware about the rule of exemption from Income Tax under clause (14) of Section 10.   This type of allowance can be paid by Employer to meet out the expenditure for the purpose computing between the residence to duty place etc.  Detail of rule regarding Transport Allowance, Blind/Handicapped Allowance with extent limit are given as under :-

_______________________________________________________________

Sr.No.          Name of Allowance                 Place at which        Extent to which 

                                                                   Allowance is           Allowance is 

                                                                   exempt                   exempt

 (1)                        (2)                                        (3)                           (4)         

_______________________________________________________________

46[10.	Transport allowance granted to an employee 47[other than an employee referred to in serial number 11] 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.]
48[11.	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.]

_______________________________________________________________