Скачать или смотреть Day-4 Partially Exempt Allowances and their Taxability Explained 💰💰 |

Partially Exempt Allowances and their Taxability Explained 💰💰 |

Here’s a quick guide to some commonly partially exempt allowances under Income Tax:

🚗 Conveyance Allowance – Exempt up to ₹1,600/month
🎒 Children Education Allowance – Exempt up to ₹100/month per child (max 2 children)
✈️ Leave Travel Allowance (LTA) – Actual domestic fare for 2 journeys in a block of 4 years
🏠 House Rent Allowance (HRA) –
1. Actual HRA Received
2. Rent Paid – 10% of Basic Pay
3. 40%/50% of Basic Pay
Whichever is lower = Exemption
📑 Arrear Salary – Eligible for tax relief under
Section 89(1) (Calculation coming in next video)
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📌 HRA Calculation Guidelines
   • How to Calculate HRA Exemption Under Secti...  

📌 Next Video: How to calculate tax relief under Section 89(1)

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