Guides on Allowances

Section 17(2) – Perquisites under the Income Tax Act

Section 17(2) deals with the various perquisites enjoyed by the employees from their employers and its valuation for the purpose of taxability. This guide by H&R Block will assist you in understanding the difference between allowances and perquisites.

[HRA] House Rent Allowance Exemption Rules

Learn how you can save tax on HRA if you have a house on rent. In this guide by H&R Block we discuss about the HRA exemption rules and income tax deductions on house rent allowance.

Car Allowance and its Tax Benefits

Motor car allowance is one of the widely provided facility to the employee by the employer. But did you know this perquisite is taxable to an extent in your hands. This guide by H&R Block will help you get better understanding on the same.

Importance of Rental Agreement

A rental agreement is not only important for between landlord and tenant but it is also useful for availing of HRA exemptions from the employer. Read this guide by H&R Block India to know more about rental agreements.

List of Exemptions under Section 10 of Income Tax Act

Income tax provides a long list of exempted Incomes under section 10. Includes House Rent allowances, Leave Travel Concession, Uniform allowances, Education Allowances and many more. This guide by H&R Block explains all the exemptions available in detailed.

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