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Daveli Venkannababu   13 July 2023

Nature of exempt allowances

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



 2 Replies

T. Kalaiselvan, Advocate (Advocate)     14 July 2023

You can consult your auditor or a chartered accountant for more clarity on the topic you have raised here.

 

P. Venu (Advocate)     26 July 2023

The posting suggests no legal issues.


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