This document outlines the allowances available to armed forces personnel and their corresponding income tax exemptions as per the Income-tax Act, 2025, amended by the Finance Act, 2026. It details various allowances like Special Compensatory Allowance, Field Area Allowance, and High Altitude Allowance, specifying exemption limits and eligibility for individuals and members of the armed forces. This guide is crucial for military personnel to understand their tax benefits related to these allowances.