Pawan, employed in Magic Ltd. was eligible for transport allowance of ₹ 2,000 per month to meet his travel expenses from residence to office. He actually incurred ₹ 1,200 per month towards travel. The amount of travel allowance chargeable to tax would beta)
A. 24,000
B. ₹ 14,000
C. ₹ 4,800
D. Nil
Answer:A
Pawan, employed in Magic Ltd. was eligible for transport allowance of ₹ 2,000 per month to meet his travel expenses from residence to office. He actually incurred ₹ 1,200 per month towards travel. The amount of travel allowance chargeable to tax would beta)
A. 24,000 B. ₹ 14,000 C. ₹ 4,800 D. Nil