TMI BlogSalary Specific Exemption under section 10X X X X Extracts X X X X X X X X Extracts X X X X ..... d outside India and who are citizens of India, for rendering services outside India. However, Basic salary shall be taxable in India. Entire Amount 10(10) Gratuity Please refer chapter of Salary 10(10A) Pension Please refer chapter of Salary 10(10AA) Leave Encashment Salary Please refer chapter of Salary 10(10B) Retrenchment Compensation Exempt of the least amount from the following: Actual amount received 5,00,000 15 days average pay x completed year of service or part thereof ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 019) on closure of his account or on his opting out of the pension scheme referred to in section 80CCD to the extent it does not exceed 60% of the total amount payable to him at the time of closure of his account or on his opting out of the pension scheme. Shall be fully exempt. 10(12B) Any payment from the National Pension System Trust to an employee under the pension scheme referred to in section 80CCD , on partial withdrawal Subject to upper limit as specified 10(13) Any payment from an approved superannuation fund Subject to conditions. For details please refer chapter of Salary. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10(14) v. Conveyance Allowance granted to meet the expenditure on conveyance in performance of duties of an office Exempt to the extent of expenditure incurred for official purposes 10(14) vi. Any Allowance to meet the cost of travel on tour or on transfer Exempt to the extent of expenditure incurred for official purposes 10(14) vii. Daily Allowance to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty Exempt to the extent of expenditure incurred for official purposes 10(14) viii. Helpe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xv. Special compensatory Allowance (Hilly Areas) (Subject to certain conditions and locations) Amount exempt from tax varies from 300 per month to 7,000 per month. 10(14) read with Rule 2BB xvi. Border area allowance Remote Locality or allowance or Disturbed Area allowance or Difficult Area Allowance (Subject to certain conditions and locations) Amount exempt from tax varies from 200 per month to 1,300 per month. 10(14) xvii. High altitude allowance(uncongenial climate) Given to the members of armed forces. For altitude of 9000 ft. to 15000 ft. ₹1,060 p.m. above 15000 ft.₹1,600 p.m. 10(14) xviii. Speci ..... X X X X Extracts X X X X X X X X Extracts X X X X
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