Allowance taxable or exempt
lokesh SHARMA (no) (127 Points)
23 October 2021
hardship allowance is taxable or not. my client receive hardship allowance he works BSF in central government
4 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 23 October 2021
Any allowance which is not specifically exempted is treated as taxable allowance.
Kev Men
(788 Points)
Replied 23 October 2021
Kindly refer Rule 2BB (2) of the Income Tax Rules along with Section 14 of the Income Tax Act. It will give you an idea about the various exemptions applicable depending on the area of posting, conditions, etc.
Kev Men
(788 Points)
Replied 23 October 2021
a correction...kindly refer section 10(14) instead of section 14.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 October 2021
I think it is not taxable
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