Question

write notes on partly taxable allowance​

Answer 1

Explanation:

This type of allowance is paid to employees for commuting to their work place from home every day. If a conveyance allowance is less than Rs. 1,600, then it will be considered as non-taxable. The allowance is exempted up to Rs. 1,600 only, any amount more than that will be taxable as per income tax act.

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Taxable and Non Taxable Allowances for Salaried Individuals