WebJul 5, 2024 · When exemption depends upon actual expenditure by the employee – The following allowances are exempt under section 10(14) to the extent the amount is utilised … Web1 day ago · According to Section 10 (14) of the 1961 Income Tax Act, special allowances are provided to salaried people in order to help them pay for their children's education …
What is the income tax act 10(14)? - Quora
WebSection 10(10CC) As per Section 10(10CC) of the Income-tax Act, 1961, any tax borne by employers on a non-monetary benefit is exempt from tax in the hands of employees. Such tax is not eligible for corporate tax deduction. Substantial reduction in corporate tax rates recently for domestic companies to 17.16 per cent WebFeb 18, 2024 · Allowances (Under Sec.10(14)) like Travelling/Transfer Allowance, Conveyance Allowance, Helper Allowance, Research Allowance or Uniform Allowance; ... Section 80TTB of the Income Tax Act allows tax benefits on interest earned from deposits with banks, post office or co-operative banks. The deduction is allowed for a maximum … bauhubi
Allowances allowable to tax payer
WebApr 12, 2024 · April marks the beginning of a new financial year, which is when usually new income tax laws come into effect. For the financial year 2024-24, the government has … WebSPECIAL ALLOWANCES - Section 10 (14) - Income Tax - Ready Reckoner - Income Tax. ..... 5000 feet ) or ₹ 1,600 per month (for altitude above 15,000 feet) CATEGORY: 3 Outstation … WebApr 11, 2024 · Notification No. 19/2024 Dated: 10th April, 2024 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi for AY 2013-14. MINISTRY OF FINANCE. bauhuber