Personal allowance

Direct Taxation

Is personal allowance taxable?

MATURU HAMSA GAYATRI

CA Final

★ 23K+

20-Jul-22 23:53

664

Answers (3)

Yes taxable

Pantham Nagesh

CA Inter

★ 4K+

21-Jul-22 00:43

Any allowances which are granted for personal purposes are fully taxable

Thanusha Lakshmi

CA Final

★ 3K+

21-Jul-22 20:06

Thanusha Lakshmi

Any allowances which are granted for personal purposes are fully taxable

Listen generally allowances are granted by employer for well being of employee . And if employee is good then he works well ri8 . So its benefit indirectly to employer .But if they are personal expenses to employee they will not add any sort of benefit to employer either directly/ indirectly

Thanusha Lakshmi

CA Final

★ 3K+

21-Jul-22 20:17