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Allowances

Prathamesh Kaskar (3 Points)

28 January 2020

which allowances are most beneficial

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8 Replies

Kapadia Pravin (17264 Points)
Replied 28 January 2020

What exactly is your query ?

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Roshni (Studwnt) (1141 Points)
Replied 28 January 2020

All allowances are beneficial

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 29 January 2020

Yes... All allowiare beneficial...

sabyasachi mukherjee (27730 Points)
Replied 29 January 2020

All allowances are taxable for salaried individuals.
In case of house rent allowance which is exempted u/sec 10(13A) rule 2A.
to the lowest of the following three is exempted.
1. actual rent.
2. rent paid in excess of 10% of salary.
3. other conditions are there.

Kapadia Pravin (17264 Points)
Replied 29 January 2020

But Mr Prathamesh asked for most beneficial allowance (implying he knows all are beneficial but what is MOST ?

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(Guest)

All allowances are beneficial and a part of Salary as per the nature of salary and the concern where the person works .. some allowances are non taxable and some are taxable ,and some are partial taxable

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