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11 July 2014 What is the Difference between allowance, deduction &exemptions
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 July 2014 exemptions means it will not be taken into computation of income at all...totally to be ignore while cal taxable income.

deduction is where u first take in cal taxable income and then u take deduction like in sec 80c.

allowances are for exp incurred like under sec 10.

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