Allowances

Tax Exemptions for Leave Travel Allowance (LTA). This article specifically talks about the exemption which is provided to the employees for the leave travel allowance they get from the employer for being on leave and traveling for…

House rent allowance is the amount paid by employer to employees to meet the expenses of rent of the accommodation which the employee has hired for his residential purpose. .. An employee can claim exemption on his HRA under the Income Tax…

Income from Salaries - Charging Section and Allowances, Income from Salaries at a glance. Find Complete details regarding Tax on Salary, What is Salary Income, Basis of Charge (Sec.15), What is included in Salary (Sec.17?), House Rent…