You are here: Home » Allowances

Allowances

Most Popular Exempt Allowances for Salaried Persons

Salaried employees are being eligible for exemption of certain allowances that are being provided to them by the employer. Allowances are generally made exempt for the purpose of providing a better condition for living and make full use of the allowances that are being provided to them by the employer. Various allowances that are being exempt in the hands of the salaries employees are educational allowance, leave travel allowance, HRA (house Rent allowance), Conveyance or .....

Calculation of House Rent Allowance (HRA) Exemption

Allowance is a fixed monetary amount paid by the employer to the employee, Whether personal or for the performance of his duties. These allowances generally taxable unless a specific deduction/exemption is provided by law. So in this article we will discuss about House Rent Allowance broadly. So you can understand and calculate it very easily. Please read complete article including the notes given at the end of the article. House Rent Allowance (HRA) is give .....