Exempted allowances under salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2012 Please clarify whether amount spent on buying books for knowledge updation is exempted from income tax.

or

Only particular books purchased for Research is exempted.

CA Rushikesh Kolhe

CA Rushikesh Kolhe (Expert)
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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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Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2012 Thanks rushikesh,

Receipt from the Book shop is sufficient to claim exemption or anything else we should submit to employer?