how to treat amount recieved as Maternity Allowance while on maternity leave.
Replies (4)
Quick Summary
This discussion clarifies the tax treatment of Maternity Allowance received during maternity leave. It confirms that Maternity Allowance is taxable and should be included under the salary head, as per Section 17(1) of the Income Tax Act. The conversation also touches upon checking Form 16 for its inclusion.