Guides on Allowances
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.
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.
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.
Understand what is LTA and how you can claim your leave travel allowance considering all the LTA rules and exemptions. Know the current LTA Block year in this guide by H&R Block.