This discussion explores whether the risk allowance provided to veterinary doctors is subject to tax or if it is entirely exempt. While typically paid to central government employees in hazardous roles, its tax status for vets requires specific clarification. It's advised to consult a local Chartered Accountant for definitive guidance, as the allowance is often not considered 'Pay' for other purposes.
kavksatyanarayana
(Expert) 20 February 2024
Put this query in CAclubinida or consult a local CA.
T. Kalaiselvan, Advocate
(Expert) 21 February 2024
Risk Allowance is presently given to Central Government employees engaged in hazardous duties or whose work will have a deleterious effect on health over a period of time. The Risk Allowance will not be treated as "Pay" for any purpose.
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