exempted allowances under income tax

Exempted Allowances under Section 10(14)(i) of the Income Tax Act

23 July 2024 by Adv Aditya Narayan

Allowances exempted under section 10(14)(i) of Income Tax Act 1961 Section 10(14)(i) of the Income Tax Act provides specific allowances to employees to cover expenses incurred while performing their official duties. These allowances are exempt from tax up to the …

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Key Income Tax Exemptions Applicable to Salaried Individuals in FY 2023-24

3 February 202431 January 2024 by Adv Aditya Narayan

Income Tax Exemptions Applicable to Salaried Individuals in FY 2023-24 Salaried individuals often seek ways to optimize their income and minimize tax liabilities. Understanding the array of income tax exemptions and deductions available is crucial for achieving this financial objective. …

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