01-26-2010, 01:53 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Ikhan</i>
<br />Dear faisal.
i have listen from some sources that as per 2nd schedule special allowance is exempted upto 20% of basic salary( if company policy has its clarification)
can you please confirm this or share its exact working.
-imran
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
No such source is proved from the ordinance, however those allowances, which are specifically being used for the performance of the duty shall be exempted, provided these are not provided as conveyance allowance or entertainment allowance.
Following is being quoted from the ordinance in this regard,
"Any special allowance or benefit (not being entertainment or conveyance allowance) or other perquisite within the meaning of section 12 specially granted to meet expenses wholly and necessarily incurred in the performance of the duties of an office or employment of profit".
UNQUOTE
Let me know if confusion prevails.
Best Regards,
<br />Dear faisal.
i have listen from some sources that as per 2nd schedule special allowance is exempted upto 20% of basic salary( if company policy has its clarification)
can you please confirm this or share its exact working.
-imran
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
No such source is proved from the ordinance, however those allowances, which are specifically being used for the performance of the duty shall be exempted, provided these are not provided as conveyance allowance or entertainment allowance.
Following is being quoted from the ordinance in this regard,
"Any special allowance or benefit (not being entertainment or conveyance allowance) or other perquisite within the meaning of section 12 specially granted to meet expenses wholly and necessarily incurred in the performance of the duties of an office or employment of profit".
UNQUOTE
Let me know if confusion prevails.
Best Regards,
