What are Allowances?


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Allowances
An allowance is a fixed monetary amount paid by an employer to an employee for meeting
some particular expenses, whether for personal or official purposes. These allowances are
generally taxable and are to be included in the gross salary unless as specific exemption
has been provided in respect of any such allowance. Specific exemptions in respect of
allowances are provided under the following sections :
(i) House Rent Allowance – Section 10(13A)
(ii) Specific/notified special allowances – Section 10(14).


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MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

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