Income Tax Exemption on prescribed allowances/ benefits | Section 10(14)
Apr 22, 2020 · Provisions of section 10 (14) (ii) provide exemption towards the prescribed allowance granted to an employee to meet his personal expenses at either of the below place- …
What is Conveyance Allowance: Exemption Limit, Calculation
May 24, 2024 · According to Section 10 (14) (ii) of the Income Tax Act and Rule 2BB of the Income Tax Rules, salaried individuals can claim conveyance allowance that is exempted up …
Salary Income- Exempt Allowance under section 10(14) - Tax Guru
Jul 5, 2018 · When exemption depends upon actual expenditure by the employee – The following allowances are exempt under section 10(14) to the extent the amount is utilised for the …
Uniform Allowance - Exemption Limit, Rules and Calculation
May 27, 2024 · As per Section 10 (14) (ii) of the Income Tax Act, the total expenditure incurred by an employee for maintaining his/her official uniform is exempt from taxation. According to …
Conveyance Allowance - Definition, Limit, and Calculation
4 days ago · Conveyance allowance is given an exemption of up to Rs.19,200 per annum or Rs.1,600 per month. The sections under which this exemption is applicable are Section 10 …
Section 10 Of Income Tax Act: Exemptions, Allowances & How
Jan 10, 2023 · Section 10 of the Income-tax Act,1961 includes all those exemptions that a taxpayer can get while paying income tax. What are Exemptions Under Section 10? Here is a …
Complete List of Exemptions under Section 10(14)(i) - BankBazaar
2 days ago · Under section 10 (14) (i) and section 10 (14) (ii), special allowances are exempted for specific individuals, such as: The following are the sub-parts of Section 10 and the related …
Allowances exempt under Section 10 in 2023 {Detailed List}
There are various allowances exempt under Section 10 for Salaried Employees like House Rent Allowance, Leave Travel Allowance, Travelling Allowance, Uniform Allowance etc.
Allowances [u/s 10(14)(i)] & Personal Allowances [u/s 10(14)(iii)]
Jun 12, 2021 · Following are the prescribed allowances for the purpose of section 10 (14) (i): (i) Helper Allowance: It is exempted upto actual amount spent on engaging a helper required to …
Section 10(14) of the Income Tax Act - Policybazaar
Section 10(14)(i) Exemptions List. Allowances under Section 10 (14)(i) are exempt up to the amount received or the amount spent on specific duties, whichever is lower. Daily Allowance: …