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Exempted Income u/s 10 - Salary Specific

. SALARY SPECIFIC EXEMPTIONS Section Particulars (For conditions / details see the relevant clauses) Limit of Exemption 10(5) r.w. Rule 2 Leave travel concession or assistance (LTA) provided by an employer to his Indian Citizen Employees Actual amount spent or Amount prescribed whichever is lower. - Only 2 journeys in a block of 4 years is exempt 10(7) Any allowance or perquisite paid or allowed b .....

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ment from a provident fund Fully Exempt 10(11A) Any payment from an account, opened in accordance with the Sukanya Samriddhi Account Rules, 2014 Fully Exempt 10(12) The accumulated balance due and becoming payable to an employee participating in a recognised provident fund Subject to conditions in rule 8 of part A of the Fourth Schedule 10(12A) Any payment from the National Pension System Trust to .....

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. 10(14) Children Education Allowance Up to 100 per month per child up to a maximum of 2 children is exempt 10(14) Hostel Expenditure Allowance Up to 300 per month per child up to a maximum of 2 children is exempt 10(14) Transport Allowance is granted to an employee to meet expenditure on commuting between place of residence and place of duty Up to 1,600 per month (3,200 per month for blind and ha .....

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unt of absence from his normal place of duty Exempt to the extent of expenditure incurred for official purposes 10(14) Helper/Assistant Allowance Exempt to the extent of expenditure incurred for official purposes 10(14) Research Allowance granted for encouraging the academic research and other professional pursuits Exempt to the extent of expenditure incurred for official purposes 10(14) Uniform A .....

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0 per month 10(14) 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 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 .....

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