ALLOWANCES - UNDER THE HEAD INCOME FROM SALARY


ALLOWANCES - UNDER THE HEAD INCOME FROM SALARY


Allowances:

  • Fully taxable allowances 
  • Partly taxable allowances         
          1.Depends on the actual Expenditure
          2.Not depends on actual Expenditure

  • Fully exempted allowances


FULLY TAXABLE ALLOWANCES:

  1. City Compensatory Allowances
  2. Dearness Allowances
  3. Tiffin / Lunch / Dinner Allowances
  4. Servant Allowances
  5. Interim Allowances
  6. Warden Allowances / Proper Allowances
  7. Non-practicing Allowances
  8. Over time Allowances
  9. Any other cash Allowances
  10. Medical Allowances
  11. Entertainment Allowances


FULLY EXEMPTED ALLOWANCES:

  1. Allowances given for High Court Judges
  2. Allowances given for Supreme Court Judges
  3. Allowances paid by UNO
  4. Allowances for Government employee received outside India


PARTLY TAXABLE ALLOWANCES:
DEPENDS ON THE ACTUAL EXPENDITURE:

  1. Conveyance allowances
  2. Daily allowances
  3. Transfer Allowances
  4. Travelling Allowances
  5. Helper allowances
  6. Research/Academic allowances
  7. Uniform allowances



Comments

Post a Comment