Salary Allowance : [Taxable and Non Taxable Allowances]

section 115bac of income tax act - New Tax Regime

Section 115BAC of Income Tax Act: New Tax Regime Deductions Allowed

by CA Punit Bagaria
May 6, 2024May 6, 2024
6 Comments

What is Section 115BAC – New Income Tax Regime? Section 115BAC, introduced in the Union Budget 2020, offers individual taxpayers the option to choose between… Read More »Section 115BAC of Income Tax Act: New Tax Regime Deductions Allowed

Salary Allowance

Salary Allowance : [Taxable and Non Taxable Allowances]

by CA Punit Bagaria
February 28, 2024May 11, 2024

Salary allowances refer to additional payments or benefits that are provided to employees on top of their basic salary. These allowances are designed to compensate… Read More »Salary Allowance : [Taxable and Non Taxable Allowances]