Things To Know About Special Allowances And Exemptions

Outlook Money

Travel Allowance

When an employer pays a travel allowance to its employees performing office duties, it is considered a special allowance for tax purposes.

Uniform Allowance

If an office requires its employees to dress in uniform while on duty and pays an allowance for this purpose, it would be exempted from tax.

Research Allowance

Many organisations pay their employees for research and academic purposes. This allowance is also tax-exempted.

Field Area Allowance

Sometimes, the work area is difficult, such as hilly terrain, border areas, etc. In this case, an allowance paid by the employer as a special allowance is tax-exempt.

Exemption

The exempted amount in special allowance can be up to the amount spent. Let’s say the allowance is Rs 10,000, but the actual expenditure was only Rs 8,000; the remaining Rs 2,000 will be taxable.

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