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SPECIAL ALLOWANCES - Section 10(14)

Income Tax - Salary Income - 10 - SPECIAL ALLOWANCES u/s 10(14) Particulars Limit of Exemption CATEGORY-1 Exempt lower of: Amount of Allowance Received OR Amount Spent 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 Any Allowance to meet the cost of travel on tour or on transfer Exempt to the extent of expenditure incurred for official purposes Daily Allowance to meet the o .....

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urposes CATEGORY-2 Exempt lower of: Amount of Allowance Received OR Limit specified Children Education Allowance Up to 100 per month per child up to a maximum of 2 children is exempt Hostel Expenditure Allowance Up to 300 per month per child up to a maximum of 2 children is exempt 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 handicapped employees) is exempt Tribal a .....

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ce (Subject to certain conditions and locations) Up to 1,000 per month Underground Allowance is granted to employees working in uncongenial, unnatural climate in underground mines Up to 800 per month 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.(for more information refer rule 2BB , Income-tax Rules, 1962 Border area allowance Remote Locality or allowance or Disturbed Area .....

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