Taxability of Allowances to High Court Judges
This query is : Resolved
12 September 2024
How are allowances such as House Rent Allowance (HRA), Sumptuary Allowance and Compensatory Allowance to Honourable Judges of High Court judges, previously exempt under the Income Tax Act, treated under the new tax regime?
Is there any specific notification or circular issued by CBDT regarding the treatment of these allowances under the new tax regime? If yes, please provide a copy.
Is there any specific notification or circular issued by CBDT regarding the treatment of these allowances under the new tax regime? If yes, please provide a copy.
15 October 2024
Allowances such as House Rent Allowance (HRA), Sumptuary Allowance, and Compensatory Allowance for Honorable Judges of High Court were previously exempt under the Income Tax Act. However, under the new tax regime, these allowances are taxable.
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