Allowance – We have to remember amount exempt .

 

Perquisites − Normally we have to remember amount taxable . However for some perquisites amount exempt is mentioned.

 

  Taxability of Allowances and Perquisites - Basic Concepts

Lets study Allowances first in detail

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.