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What is Tax Treatment of Salary Allowances about?

This document discusses the tax treatment of salaries and allowances under Indian income tax law. Allowances are considered part of salary and are taxable unless a specific exemption is provided. House rent allowance is exempted under Section 10(13A) of the Income Tax Act, with the lowest amount among actual rent paid, prescribed rent for accommodation type and HRA received being exempted from tax.

Author

Alok Goel

Language

EN