Allowances [u/s 10(14)(i)] & Personal Allowances [u/s 10(14)(iii)]

| Last updated: 12 June 2021

Quick Summary
This article explains two types of tax allowances for employees: Official Allowances and Personal Allowances, as defined by sections 10(14)(i) and 10(14)(iii) of the Income Tax Act. Official allowances are meant to cover work-related expenses, with exemptions limited to the amount spent or the allowance received, whichever is less. Personal allowances cover specific circumstances like difficult climates or disabilities, each with prescribed monthly exemption limits.

Official Allowances These allowances are given to meet employees expenses incurred while performing his official work or duties and in case any part of these allowances is saved, then the same shall be taxable in the hands of an employee. So, exemption shall be the least of following two amoun
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Ritik Chopra

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