Tax Exemption Allowance U/s 10 (14) (i) and U/s 10 (14) (iii)| With Automated Income Tax Software in Excel All in One for the F.Y.20221-22 and A.Y.2022-23 as per Budget 2021

 

Tax Exemption Allowance U/s 10 (14) (i) and U/s 10 (14) (iii) are as follows:

 

# Assistant allowance: It is exempt up to the actual amount spent for hiring an assistant required for official duties. Extra, if any, will be taxable.

 

# Uniform Allowance: Exemption up to actual expenditure on acquisition or maintenance of government uniforms. Extra, if any, will be taxable. 

# Vehicle Allowance: Actual expenditure is waived for performing government duties. If the amount received is more than the actual expenditure, additional, if any, will be taxable.

 

# Traveling Allowance: It is exempt up to the actual expenditure incurred for employment purposes. Extra, if any, will be taxable. Any allowance paid to cover travel expenses during travel or transfer will be waived.

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# Daily Allowance: Any allowance sanctioned by the employee for fulfilling the normal daily charges applicable by such employee (during travel or in case of transfer) due to absence from his / her normal workplace will also be waived. . Such allowance will include any amount paid in the case of transfer, packing and personal impact transportation of such transfer.

 

The allowances mentioned in (i) to (vi) are exempt from up to the amount spent by the employee for the purpose for which this allowance is paid. Personal Allowance is available for the allowance with exemption from the amount specified in Section 10 (14) (iii) of the following:

Personal Allowance is available for the allowance with exemption from the amount specified in Section 10 (14) (iii) of the following:

 

# Combined Hill CompensationAllowance / High Altitude Allowance / Unreasonable Climate Allowance / Snow Boundary Allowance / Snowfall Allowance: Any special allowance of nature:

 

A discount of Rs. 2,000 / - has been allowed. 300 p.m. From 7,000 p.m.

 

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# Border Area Allowance / Remote Area Allowance / Complex Area Allowance / Troubled Area Allowance Any special compensation allowance in nature:

 

 Rs. 200 p.m. From 1,300 p.m.

 

# Compensation field allowance:

 

Rs. 2,600 p.m.

# Compensatory Field Allowance: Rs. 1,000 p.m.

 

# Counter Rebel Allowance / Field Field Allowance: Rs. 3,900 p.m.

 

# Highly active field allowance: Rs. 4,200 p.m.

 

# Underground Allowance for Coal Mine Workers: Discount allowed up to Rs. 2,000 / -. 800 p.m. Posting Armed Forces in Andaman and Nicobar Islands and Lakshadweep Islands

 

# Rs for island duty allowance discount. 3,250 p.m.

 

# Retired Chairman and members of UPSC will be given an allowance for receiving services on an order basis and contractual secretarial assistance or 14,000 per month, whichever is less.

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# Transportation Allowance for Specific Disabled Employees: The concession regarding Transport Allowance has been effectively discontinued for general employees from the assessment year 2019-20. However, the evacuation must continue at @ 3,200 p.m. Blind / Deaf or Dumb or Orthopedically Handicapped or. Disability of lower parts.

 

# Tribal Area Allowance: This allowance is waived up to Rs 2,000. 200 p.m. In the following states  Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Karnataka, Tripura, Assam, West Bengal, Bihar and Orissa. (xiii) High Altitude Allowance: This type of allowance is given to the Armed Forces in higher areas. It is discounted as below: 9,000-15,000 feet Altitude: 1,060 p.m. up to 15,000 feet Altitude: up to 1,600

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# Children's education allowance:

If an employer pays an employee as an education allowance for the education of their own children in India, An exemption of up to five thousand rupees will be given for it. 100 p.m. For only two children per child.

 

The employee is allowed a discount on any two children. The term ‘child’ includes all legal children, including a step-child and a legally adopted child, but does not include grandchildren. Discounts will be allowed by the staff regardless of the actual cost of educating children who have both major or minor children.

 

If an employee is receiving both tuition allowances as well; He is only allowed separate discounts for tuition and dormitory allowances for two children.

 

# Hostel Expenditure Allowance: Any allowance paid to an employer to cover the dormitory expenses of the children of the employees will be discounted up to Rs 2,000. 300 p.m. For a maximum of two children per child.

 

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