Nature of exempt allowances

Daveli Venkannababu (Querist) 13 July 2023 This query is : Resolved
Dear sir /madam
Allowance to meet expenditure incurred ??Any salaried assessee can claim below mentioned allowance
please can one clarify sections its importance . if employer not given salary break -up or salary structure (employer pay consolidated pay to employee then employeee split his /her salary break up while filling income tax returns
1.)Sec 10(14)(i)- Prescribed Allowances or benefits (not in a nature of perquisite)specifically granted to meet expenses wholly, necessarily and exclusively and tothe extent actually incurred, in performance of duties of office or employment
2)Sec 10(14)(ii) -Prescribed Allowances or benefits granted to meet personal expenses in performance of duties of office or employment or to compensate him for increased cost of living.
3)Sec 10(13A)-Allowance to meet expenditure incurred on house rent

If an assesse can claim exemption above mentioned sections

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Quick Summary

This discussion clarifies exempt allowances available to salaried individuals under Indian income tax law. It highlights Section 10(14)(i) for allowances covering work-related expenses, Section 10(14)(ii) for personal expenses or cost of living compensation, and Section 10(13A) for house rent allowance. Even with a consolidated salary, employees can claim these exemptions when filing returns. For specific advice, consulting a chartered accountant is recommended.

T. Kalaiselvan, Advocate (Expert) 14 July 2023
You can discuss with your own auditor or a chartered accountant and get some useful information directly instead of approaching this forum for such issues.

Daveli Venkannababu (Querist) 14 July 2023
thank you so much sir

T. Kalaiselvan, Advocate (Expert) 14 July 2023
You are welcome.
The subject matter involves technical issues pertaining to the taxes, hence the auditor or the chartered accountant would be more competent to render a better solution to your problem.

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