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What is Salary Components and Taxability Guide about?

The document discusses the taxability of various components of salary under the Income Tax Act. It outlines 38 types of allowances that are exempt from tax such as house rent allowance, children education allowance, transport allowance, travel allowance, daily allowance, uniform allowance, and special area allowances for certain locations. It also discusses the taxability of 2 types of perquisites - rent free accommodation provided by the government and other employers. The valuation of rent free accommodat

Author

seshu187

Language

EN