Taxability of Allowances and Perquisites

Last updated at July 15, 2026 by

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 is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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