C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 01 September 2011
Hi , allowance as mentioned by you are the allowance as exempted under the provision of section 10(13) . These are not the special allowances and are being exempted to the extent of expenditure incurred or allowance received whichever is less .However , there are other allowances such as children education allowance , border area allowance , underground allowance , for which limit has been specified and for these you need to refer rule 2BB of income tax rules 1962.
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