Income Tax Act, 1961 : Income Exempted and Chargeable under the Head "Salaries"

17. Transfer Grant Allowance

In this connection it is to be noted that as per sec.10(14) read with rule 2BB any allowance granted to meet the cost of travel on tour or on transfer includes any sum paid in connection with transfer, packing and transportation of personal effects on such transfer shall be exempt. Also any allowance, whether, granted for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty shall be exempt.

18. Medical Reimbursement by the employer

Medical Reimbursement by the employer exceeding Rs. 15,000/- p.a. u/s 17(2) is to be taken as perquisite.

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Scheme of Tax Deduction at Source from "Salaries"	Income Chargeable under - "Salaries"	Income Exempted Under The Head "SALARIES"
1 - Section 192 Provisions on Taxable Income 2 - Relief When Salary Paid in Arrear or Advance 3 - Claim of Deduction of Interest u/s 24 (b)- Income from House Property 4 - Due dates for payment of TDS 5 - Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted 6 - Certificate for Tax Deducted (Section 203) 7 - TRACES 8 -Furnishing Particulars pertaining to perquisites 9 - Mandatory Quoting of PAN and TAN 10 - TDS on Income from Pension	11 - Income Chargeable Under the Head "Salaries" 12 - Definition OF "Salary" 13 - Perquisite - Rent Free Accomodation & Motor car provided by the Employer 14 - Perquisite - Gas, electricity & water for household consumption 15 - Interest free or concessional loans 16 - Value of Subsidized / Free food / non-alcoholic beverages 17- Transfer Grant Allowance 18 - Medical Reimbursement by the Employer	19 - Leave Travel Concession (LTC) 20 - Death-cum-Retirement Gratuity 21 - Commutation of Pension 22 - Leave Encashment 23- Retrenchment Compensation 24 - Amount received on voluntary retirement 25 - Sum received under a Life Insurance Policy 26 - Payment from a Provident Fund 27 - House Rent Allowance 28 - Pension to Gallantry Awarded 29 - Medical Treatment provided by Employer 30 - Entertainment Allowance 31 - Professional Tax

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