Dear All,
Qualification allowance paid to employees is exempt from tax or its a part of taxable income?
And if, its exempt then how much?
We have paid Rs. 2,000/- pm, is it allowawble or not?
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Salary
Replies (2)
There is no mention of any such allowance in Income Tax Act, 1961. Hence, it will form part of Salary and shall not be exempted.
Thank you Sonam.....
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