Mr. Y is a visually impaired person. He is employed in a public sector undertaking since 01.06.2019. He was paid ₹30,000 for the financial year ended 2020-2021 by way of transport allowance. How much of transport allowan

CS Executive · Tax Laws · PYQS · June 2021
Mr. Y is a visually impaired person. He is employed in a public sector undertaking since 01.06.2019. He was paid ₹30,000 for the financial year ended 2020-2021 by way of transport allowance. How much of transport allowance is exempt from income-tax ?
(A) ₹30,000
(B) ₹15,000
(C) ₹21,600
(D) Nil

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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