0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the meaning city compensatory allowance?
This allowance is paid to employees who are posted in big cities. The idea is to compensate the high cost of living in cities like Delhi, Mumbai, Bangalore, and other metropolitan cities. However, it is a fully taxable allowance. i.e. the amount of this allowance will be taxed with the salary received.
What is importance of pattern allowance?
pattern allowance is needed as it gives shrinkage allowance, machining allowance,draft allowance,shaking allowance and distortion allowance.
Is stipend taxable?
If the stipend was for books or education, it is not taxable. Other stipends may be taxable depending on their purpose.
Is remuneration taxable pay?
calculate taxable pay
Is Avon income taxable?
ALL income is taxable.
Is sumptuary allowance exempted fronm income tax?
Is sumptuary allowance and daily allowance paid to the minister in india are taxable
What is the meaning city compensatory allowance?
This allowance is paid to employees who are posted in big cities. The idea is to compensate the high cost of living in cities like Delhi, Mumbai, Bangalore, and other metropolitan cities. However, it is a fully taxable allowance. i.e. the amount of this allowance will be taxed with the salary received.
Is a car allowance taxable?
Sometimes a car allowance would be taxable depending on the situation. A car allowance that is more a payment for miles using your own vehicle would be different than a situation where a car is supplied like to car salesmen. You probably should have a professional accountant to assist you in filing your return in situations like this. Sometimes, you can really get into trouble in situations like this which would have penalties and interest involved.
Car allowance in Canada?
Remember that your car allowance is a taxable benefit. The net dollars that you will have will be reduced by your tax burden. It is recommended to obtain a combined allowance that provides a monthly amount and a per KM amount. On average a $750 per month plus .15 per km would be an acceptable average
Is an auto allowance subject to ssi withholding taxes?
Generally Yes. It's payroll or an earned income...maybe by another name...but what you call it doesn't fool anyone, or mean anything. It's a taxable fringe benefit. If he gave you a car to use, that would be too. If an employer, through a qualified plan, reimburses you for your specific travel expenses (rather than an allowance), that may not be taxable.
What is the salary for the VP of the United States?
The salary for the VP or Vice President of the United States is currently set at $230,700 dollars. The VP is also given an additional $10,000 taxable expense allowance.
What is importance of pattern allowance?
pattern allowance is needed as it gives shrinkage allowance, machining allowance,draft allowance,shaking allowance and distortion allowance.
What is the annual expense allowance for the president?
According to Wikipedia:The President has:A $400,000 salary per yearA $50,000 monthly expense accountA $100,000 non-taxable travel accountA $19,000 for entertainment
Is transportation allowance taxable income?
Yes. The good news, however, is that your employer should be the one to figure all that out, and then indicate your taxable income on your T4 slip (in Canada - I believe in the United States, those are called "W2"). Now, if you ARE the employer, then you would need to get help from a competent accountant, on how to report that. That's my two cents, anyway.
Is labor taxable taxable in Florida?
Yes! All services are taxable in Florida.
Is ppf interest taxable?
No. It is not taxable
Interest on City of Boston Bonds - are they Taxable or non-taxable?
No city bonds are taxable
