Tuesday, December 28, 2010

Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax


GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWA BAORD)


No. F(X)I-91/23/3

New Delhi, Dated 28-12-2010

As per Standard List I, II, III


Sub: Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax.

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In continuation of Board's letter of even number dated 13.07.2000, a copy of the Notification of Ministry of Finance (Central Board of Direct Taxes) No. S.O. 2820(E) dated 22nd November 2010 regarding substitution of the letters figures and words "Rs.6,000/- per month" with letters, figures and in sub rule (2) in the table against serial number 4 in column 4 is enclosed for information and guidance.

Receipt of this letter may please be acknowledged.



s/d
(V.Rama Manohar Rao),
Joint Director, Finance (Exp.)-I,
Railway Board



DA : As Above



More details please visit NFIR website...

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