00:01
Hello students, let's discuss the question.
00:03
Here we have to identify whether it is true or false.
00:07
The first statement is all allowances are non -taxable.
00:12
So this statement is false because there are some allowances which are taxable and some are non -taxable and and even some are partially taxable.
01:09
In the next it is given.
01:11
If the monthly clothing allowance is php 400 .00, then the taxable amount for clothing allowance is thp 1200.
01:21
So this statement is false because 1200 is equal to 400 multiplied by 12 divided by 12 divided by 4 which is an incorrect way for calculating.
02:01
This is the answer of the first part and this is the answer of the second part.
02:12
In the third it is given, allowances are considered part of earning.
02:17
So this statement is true because allowances are always part of salary and is taxable in nature.
02:47
So this is the answer of the third part.
02:55
Now in the fourth part it is given non -taxable benefits include all monetized leave credits.
03:02
So this statement is partially false because the monetized these credits are only exempt up to maximum 10 days, days and all more days are taxable.
04:08
So this is the answer of the fourth part.
04:16
Now in the fifth part it is given some bonuses or allowances are non -taxable.
04:21
So this statement is true.
04:25
There are some allowances which are taxable and some are non -taxable.
04:32
This is the answer of the fifth part...