Tax Finance Info: Taxable Allowances

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<b><span style="font-size: large;">List of Taxable Allowances | Salary Income</span></b></div>
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<b><span style="font-size: 16pt;">List of Taxable and
<a href="http://www.taxfinanceinfo.com/2013/11/list-of-non-taxable-allowances-salary.html">Non-Taxable</a> Allowances<o:p></o:p></span></b></div>
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The above topic is with reference the
calculation of income chargeable under the head “Salaries”. We generally listen
to or come in contact with the terms like House Rent Allowance, Travelling
Allowance etc.  These are nothing but the
benefits given to the employee in the manner other than salary to meet certain
expenses during the course of service<o:p></o:p></div>
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Such allowances are taxable under the head
“Salaries”, while some are fully exempted from being taxed and some of them are
partly taxable. Let us see such bifurcation of such allowances:<o:p></o:p></div>
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<b><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><a href="http://www.taxfinanceinfo.com/2013/11/list-of-taxable-allowances-salary-income.html">Taxable Allowances</a><o:p></o:p></span></b></div>
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<b><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><a href="http://www.taxfinanceinfo.com/2013/11/list-of-non-taxable-allowances-salary.html">Partly Taxable Allowances</a><o:p></o:p></span></b></div>
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<b><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><a href="http://www.taxfinanceinfo.com/2013/11/list-of-non-taxable-allowances-salary.html">Fully Exempt Allowances</a><o:p></o:p></span></b></div>
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a)<span style="font-size: 7pt;">  
  </span>Entertainment Allowance<o:p></o:p></div>
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a)<span style="font-size: 7pt;">     
  </span>House Rent Allowance<o:p></o:p></div>
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a)
  Allowance granted to Government Employees outside India<o:p></o:p></div>
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b)<span style="font-size: 7pt;">  
  </span>Dearness Allowance<o:p></o:p></div>
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b)<span style="font-size: 7pt;">     
  </span>Special Allowance<o:p></o:p></div>
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b)
  Sumptuary allowance granted to High Court or Supreme Court Judges<o:p></o:p></div>
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c)<span style="font-size: 7pt;">   
  </span>Overtime Allowance<o:p></o:p></div>
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c)
  Allowance paid by UNO<o:p></o:p></div>
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d)<span style="font-size: 7pt;">  
  </span>Fixed Medical Allowance<o:p></o:p></div>
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d)
  Compensatory allowance to judge.<o:p></o:p></div>
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e)<span style="font-size: 7pt;">  
  </span>City Compensatory Allowance<o:p></o:p></div>
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f)<span style="font-size: 7pt;">   
  </span>Interim Allowance<o:p></o:p></div>
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g)<span style="font-size: 7pt;">  
  </span>Servant Allowance<o:p></o:p></div>
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<br /></div>
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<br /></div>
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h)<span style="font-size: 7pt;">  
  </span>Project Allowance<o:p></o:p></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.0pt;" valign="top" width="204"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr>
  <td style="background: #DBE5F1; border-top: none; border: solid #365F91 2.25pt; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-themecolor: accent1; mso-border-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 171.9pt;" valign="top" width="229"><div class="MsoListParagraph" style="margin: 0in 0in 0.0001pt 13.5pt; text-indent: -13.5pt;">
i)<span style="font-size: 7pt;">    
  </span>Tiffin/Lunch/Dinner Allowance<o:p></o:p></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.0pt;" valign="top" width="204"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr>
  <td style="background: #DBE5F1; border-top: none; border: solid #365F91 2.25pt; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-themecolor: accent1; mso-border-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 171.9pt;" valign="top" width="229"><div class="MsoListParagraph" style="margin: 0in 0in 0.0001pt 13.5pt; text-indent: -13.5pt;">
j)<span style="font-size: 7pt;">    
  </span>Any other Cash Allowance<o:p></o:p></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.0pt;" valign="top" width="204"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr>
  <td style="background: #DBE5F1; border-top: none; border: solid #365F91 2.25pt; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-themecolor: accent1; mso-border-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 171.9pt;" valign="top" width="229"><div class="MsoListParagraph" style="margin: 0in 0in 0.0001pt 13.5pt; text-indent: -13.5pt;">
k)<span style="font-size: 7pt;">  
  </span>Warden Allowance<o:p></o:p></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.0pt;" valign="top" width="204"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr>
  <td style="background: #DBE5F1; border-top: none; border: solid #365F91 2.25pt; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-themecolor: accent1; mso-border-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 171.9pt;" valign="top" width="229"><div class="MsoListParagraph" style="margin: 0in 0in 0.0001pt 13.5pt; text-indent: -13.5pt;">
l)<span style="font-size: 7pt;">    
  </span>Non-Practicing Allowance<o:p></o:p></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.0pt;" valign="top" width="204"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td style="background: #DBE5F1; border-bottom: solid #365F91 2.25pt; border-left: none; border-right: solid #365F91 2.25pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-bottom-themecolor: accent1; mso-border-bottom-themeshade: 191; mso-border-left-alt: solid #365F91 2.25pt; mso-border-left-themecolor: accent1; mso-border-left-themeshade: 191; mso-border-right-themecolor: accent1; mso-border-right-themeshade: 191; mso-border-top-alt: solid #365F91 2.25pt; mso-border-top-themecolor: accent1; mso-border-top-themeshade: 191; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
</tbody></table>
</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
Let
us understand the taxability of the above allowances in brief:<o:p></o:p><br />
<br />
<div align="center">

<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: -1.15pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184; width: 552px;">
 <tbody>
<tr style="height: 21.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
  <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: none; border-top: solid windowtext 1.0pt; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td nowrap="" style="background: white; border-bottom: none; border-left: none; border-right: solid windowtext 1.0pt; border-top: solid windowtext 1.0pt; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 1;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<u><span style="color: red; font-size: 16.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><a href="http://www.taxfinanceinfo.com/2013/11/income-tax-efiling-return.html"><span style="color: red;">View</span></a><o:p></o:p></span></u></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-size: 16pt;">Income
  Tax E-filing Return<o:p></o:p></span></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 2;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<br /></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 3;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<u><span style="color: red; font-size: 16.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><a href="http://www.taxfinanceinfo.com/2013/11/process-of-filing-rectification-return.html"><span style="color: red;">View</span></a><o:p></o:p></span></u></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-size: 16pt;">Process
  of Filing Rectification Return<o:p></o:p></span></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 4;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<br /></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 5;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<u><span style="color: red; font-size: 16.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><a href="http://www.taxfinanceinfo.com/2013/11/common-errors-in-filing-rectification.html"><span style="color: red;">View</span></a><o:p></o:p></span></u></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-size: 16pt;">Common
  Errors in Filing Rectification Return<o:p></o:p></span></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 6;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<br /></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 7;">
  <td nowrap="" style="background: white; border-left: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<u><span style="color: red; font-size: 16.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-hansi-font-family: Calibri;"><a href="http://www.taxfinanceinfo.com/2013/11/common-mistakes-in-e-filling-of-income.html"><span style="color: red;">View</span></a><o:p></o:p></span></u></div>
</td>
  <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 21.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-size: 16pt;">Common
  Mistakes in E-filling of Income Tax Return (ITR)<o:p></o:p></span></div>
</td>
 </tr>
<tr style="height: 21.0pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;">
  <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-right: none; border-top: none; height: 21.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 38.0pt;" valign="bottom" width="51">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
  <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 21.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 376.0pt;" valign="bottom" width="501">
  <div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
</td>
 </tr>
</tbody></table>
</div>
</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><u><span style="font-size: large;">Taxable
Allowances</span></u></b><u><o:p></o:p></u></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b>a)
Entertainment Allowance:</b> Entertainment Allowance is provided to
employees to meet the expenses of hospitality of customers. It is fully taxable
in the hands of employees other than government employees i.e. only Government
employees can claim exemption in the manner provided in section 16 (ii).  The exemption is allowed as follows:<o:p></o:p></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin: 0in 0in 0.0001pt 103.5pt; text-align: justify;">
<b>Lower of</b>:-<o:p></o:p></div>
<div class="MsoNormal" style="margin: 0in 0in 0.0001pt 103.5pt; text-align: justify;">
1)              1/5 of Basic Salary*<o:p></o:p></div>
<div class="MsoNormal" style="margin: 0in 0in 0.0001pt 103.5pt; text-align: justify;">
2)              Rs. 5000 or<o:p></o:p></div>
<div class="MsoNormal" style="margin: 0in 0in 0.0001pt 103.5pt; text-align: justify;">
3)              Actual Allowance received.<o:p></o:p></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b>b)
Dearness Allowance: </b>Dearness Allowance is a Cost of living
Adjustment allowance paid to the employee. It is taxable along with salary. For
tax planning it must be provided as a part of salary so that assessee can get
more benefit on calculation of Gratuity, Pension, etc.<o:p></o:p></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b>c) Overtime
Allowance: </b>Many a times workers work over and above the office/working hours.
Compensation received for such work is known as Overtime allowance. Thus, being
a part of Salary it is fully taxable.<o:p></o:p></div>
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<b>d) Fixed
Medical Allowance: </b>The fix amount paid by the employer for
meeting the Medical Expenses of the employee or any of his Family members is
fully taxable. For tax planning purpose, the employer should reimburse the
actual expense incurred for medical treatment of the employee or any of his
Family members. Such reimbursement if exceeds Rs. 15,000; than the same is also
taxable.<o:p></o:p></div>
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<b>e) City
Compensatory Allowance: </b>City Compensatory Allowance is paid to
employee to meet the increased cost of living in the cities arising due to
inflation effect. Such allowance is fully taxable. Actual expenditure by the
employee is not taken into consideration.<o:p></o:p></div>
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<b>f)</b>  <b>Interim
Allowance: </b>Interim Allowance is paid to employee as a part of Final
allowance. It is fully taxable.<o:p></o:p></div>
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<b>g) Servant
Allowance: </b>Allowance received for meeting servant charges is also fully
taxable.<o:p></o:p></div>
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<b>h) Project
Allowance: </b>Project Allowance paid to employee to meet the project expenses is
also fully taxable.<b><o:p></o:p></b></div>
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<b>i) Tiffin/Lunch/Dinner
Allowance: </b>Tiffin/Lunch/Dinner Allowance received by employee to meet the
food expense incurred by him is fully taxable.<b><o:p></o:p></b></div>
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<b>j) Any
other Cash Allowance: </b>Any other Cash Allowances received by the
employee such as marriage allowance, Holiday Allowance, etc are fully taxable
in the hands of the employee.<o:p></o:p></div>
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<b>k) Warden
Allowance: </b>Such allowance is paid to the employee working as a Warden i.e.
Keeper in the educational Institute. He may be working as a Rector in hostel or
Proctor in the Institute. Allowance so received is fully taxable.<o:p></o:p></div>
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<b style="text-align: justify;">l) Non-Practicing
Allowance: </b><span style="text-align: justify;">Non – Practicing Allowance is paid to the Medical Officers
attached to the Clinical Centers of the various Laboratories/Institutes as introduced
in New Recruitment and Assessment Scheme with effect from 1-2-1981. It is fully
taxable in the hands of the employee.</span><br />
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<b><span style="font-size: large;">Next Page - <a href="http://www.taxfinanceinfo.com/2013/11/list-of-non-taxable-allowances-salary.html">Partly & Fully Exempt Allowances</a></span></b></div>
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List of Taxable Allowances | Salary Income

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