" IRS OFFICERS PROMOTED FROM THE GRADE OF SUPERINTENDENT OF CENTRAL EXCISE ARE ALSO MEMBERS OF AIACEGEO. THIS IS THE ONLY ASSOCIATION FOR SUPERINTENDENTS OF CENTRAL EXCISE AND IRS OFFICERS PROMOTED FROM THE GRADE OF SUPERINTENDENT OF CENTRAL EXCISE THROUGH OUT THE COUNTRY . President Mr.T.Dass and SG Mr. Harpal Singh.

Wednesday, 15 April 2015

The Finance Ministry has notified the hike in transport allowance exemption to Rs 1,600 per month from Rs 800 as announced in the Budget. As part of his “extension of benefits to middle class tax payers”, Finance Minister Arun Jaitley had doubled the transport allowance exemption to Rs 1,600 per month. From now onwards, an individual would get income tax relief on Rs 19,200 per year as compared to Rs 9,600. The notification issued by the Central Board of Direct Tax (CBDT) further said the exemption limit for blind and orthopaedically handicapped to has been doubled to Rs 3,200 a month. Transport allowance is exempted from income tax.