New allowances

7th Pay Commission: New allowances to come under income tax New Delhi: A Senior Finance Ministry official said income tax will be imposed on the New allowances of central government employees under 7th Pay Commission recommendations from financial year 2017-18. The Finance Bill 2017 proposed tax treatment on basic salary, bonus and allowances etc for both government and … [Read more...] about 7th Pay Commission: New allowances to come under income tax