Income Tax Exemption from income on salary with Auto Calculated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023

Tax Rebate

 Income Tax Exemption from Income on Salary |Housing Allowance-HRA [Section 10(13A) and Rule 2A]. Prescribed special grants which are exempt to some extent – Section 10(14). Entertainment exemption, Exemption in case of certain individuals You may also like-Download and Prepare at a time 50 Employees Form 16 Part B for the Financial Year 2022-23 Therefore, Grants that are fully taxable An allowance is a fixed monetary amount paid by the employer to the employee to cover certain expenses, whether personal or for the performance of his duties. These allowances are generally taxable and should be included…