Under Section 10 (14)(i), allowances are exempted to the extent of the amount received as allowance or amount spent on certain duties, whichever is the lower figure.
Allowances covered in this category are:
1. Travelling Allowance / Transfer Allowance
Travel allowance covers costs related to travel while on tour or on transfer while on duty. This allowance also includes travel costs incurred while getting transferred to another location, including packaging or transport of personal objects.
2. Deily Allowance
Daily allowance is given to employees to meet the daily charges incurred when on tour or for the duration of a transfer in the job. This type of allowance is granted when the employee is not in the usual place of duty.
3. Helper / Assistant Allowance
Sometimes your employer allows you to appoint a helper for performing official duties of the office. In such cases, helper allowance is granted.
4. Research Allowance
Allowance granted for the purpose of encouraging academic and research related training, education or professional duties is termed as academic or research allowance.
5. Uniform Allowance
Allowance when given for the purchase or maintenance of uniform, required to be worn while on duty is referred to as uniform allowance. This allowance can be opted for only when an office duty prescribes a specific uniform.
6. Conveyance Allowance
Allowance for conveyance is granted to employees in case of expenses incurred while travelling for duties of office. However, the employer does not pay for travel from home to work as it is not considered as a duty of the office.
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