INCOME TAX FAQ : What are allowances? Are all allowances taxable? What is considered as salary income? section 17 of the Income-tax Act defines the term 'salary'. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances? … [Read more...] about INCOME TAX FAQ : What are allowances? Are all allowances taxable?
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