Business Studies, asked by suryakjr7681, 11 months ago

List of allowances excempted from income tax of defence personal

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Answered by anmol4032

Special allowances of Army personnel exempted from I-T. THE Finance Ministry has acceded to the demands of armed forces to grant full income-tax exemption on a host of special allowances drawn by them. ... The counter insurgency allowance was trebled from Rs 1,300 per month to Rs 3,900 per month.

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