Finance/Compliance Consultant
69124 Points
Posted on 01 July 2026
Most allowances for armed forces are taxable unless specifically exempted under Section 10 of the Income Tax Act. While submarine allowance is generally recognized as a special hardship allowance, its exemption status and limits are subject to specific government notifications. Please check your Form 16 or consult your unit's accounts department to confirm if your specific allowance is currently treated as tax-exempt.