Whether following allowances which are given by Employer to Employee are eligible for deduction for salaried employees for AY 2023-24 ?
1. PROF. PURSUIT ALLOWANCE of Rs. 2295/- per month.
2. PERS/CULTURAL PURSUITS of Rs. 1388.33/- per month.
3. canteen deductions of Rs. 20/- per month ?
Waiting for your kind help.
Will it not come under s. 10(14) of Income Tax Act ?
O P Bagla & Co LLP
New Delhi
CA Inter
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R P S K & Associates
Nashik
CA Inter
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CAclubindia
