31 January 2012
The allowance is called as professional development allowance. It should be given by employer to employee and the employee should have expended the same. hence exemption for this allowance is 1. allowance given by employer 2. amount expended by employee whichever is less. if the employer is not giving the allowance then employee can not claim the exemption. For claiming exemption under this section the books should be related to the subject with which company is working. Like for IT company employee, the book should be of any subject like java or c++ or .net.
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