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    Question

    Which of the following statement is incorrect with

    respect to income under the head salaries?
    A Overtime allowance received is fully taxable Correct Answer Incorrect Answer
    B City compensatory allowance received is exempted upto Rs. 800 per month Correct Answer Incorrect Answer
    C Children hostel allowance is exempted upto Rs. 300 per month per child upto maximum two children Correct Answer Incorrect Answer
    D Children education allowance is exempted upto Rs. 100 per month per child upto maximum two children Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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