Monday, November 20, 2017

Allowances available to Tax Payers

1.b Allowances available to different categories of Tax Payers S. No. Section Particulars Limit of exemption Exemption available to A. Under the head Salaries 1. 10(7) Any allowance or perquisite paid or allowed by Government to its employees posted outside...



  DEDUCTIONS Section Nature of deduction Who can claim (1) (2) (3) Against 'salaries' 16(ii) Entertainment allowance Government employees 16(iii) Employment tax Salaried assessees Against 'income from house properties' 23(1), first proviso Taxes levied by local authority and borne...