special allownce

1. Any allowance payable under the contract of employment will form part of salary and will be taxable under the head Salaries. 
2. Special allowance will also form part of your salary and exemption u/s 10(14)(ii), which specifies that any allowances which are paid to the employee to meet his expenses in the course of employment will be allowed as an exemption. 
3. Hence, in your case, unless otherwise specified Rs.76,000 received as special allowance should be wholly exempted u/s 10(14)(ii). 
Please correct me if the above solution has an alternative view.