Special allowances and allowances

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2012 is special allowances and allowances provided by the employer is it taxable or exempted?

06 July 2012 Special allowances are fully taxable in the hands of the employee.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2012 what about allowances?

06 July 2012 Please tell the nature of the allowances.

Some allowances are exempt, some are taxable.

Conveyance allowance is exempt upto Rs. 800 per month.

HRA is exempt upto a certain extent.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2012 in my brother salry statement they just mentioned it is a allowances?

06 July 2012 Then they will be taxable.


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