Mr. Amit is entitled to a transport allowance of ₹ 1,000 per month for commuting from his residence to office and back. He spends ₹ 800 per month. The amount of exemption will be:
A. ₹ 1000 per month
B. ₹ 800 per month
C. ₹ 200 per month
D. Nil
Answer:D
Mr. Amit is entitled to a transport allowance of ₹ 1,000 per month for commuting from his residence to office and back. He spends ₹ 800 per month. The amount of exemption will be:
A. ₹ 1000 per month B. ₹ 800 per month C. ₹ 200 per month D. Nil