Mr. A is employed in ABS Transports as cabin driver. He is paid ₹ 15,000 every month in the whole of previous year 2016-17 as allowance for meeting his personal expenditure in the course of running the goods vehicle. Mr.
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. A is employed in ABS Transports as cabin driver. He is paid ₹ 15,000 every month in the whole of previous year 2016-17 as allowance for meeting his personal expenditure in the course of running the goods vehicle. Mr. A does not receive any other amount by way of daily allowance. The amount of allowance eligible for exemption is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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