Income tax examption of allowaces
Dr Prashant Patil
(Querist) 05 November 2011
This query is : Resolved
My self am Doctor Maharashtra Govt, Employed as Asst Prof, we receive Post graduate allowance and monthly research allowance in salary as per Govt GR.
Guide its exemption benifits under what rules.
Raj Kumar Makkad
(Expert) 05 November 2011
Section 10 (16) of Income Tax Act, 1961.
Sankaranarayanan
(Expert) 05 November 2011
http://law.incometaxindia.gov.in/Directtaxlaws/act2005/sec_010%2816%29.htm