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

GOVERNMENT OF INDIA

MINISTRY OF RAILWAY

(RAILWAY BOARD)

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.

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. 0. 2820(E) dated 22 November 2010 regarding substitution of the letters figures and words “Rs.6,000/- per month" with letters, figures and words, Rs. 10,000/- per month”, in the Income Tax rules 1962 In rule - 2BB 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.

(V. Rama Manohar Rao)

Joint Director, Finance(Exp)-I

Railway Board

Source;airf