Help & Support
Other Partially Exempt Allowances

Other Partially Exempt Allowances

Rs. As per Client Get Quote

The Income Tax Act provides partial exemptions on specific allowances granted to employees for meeting certain expenses or working in specific conditions. These exemptions aim to provide tax relief while accounting for the nature of employment and living conditions. Below is a list of commonly recognized partially exempt allowances and their corresponding exemption limits:

S.No Nature of Allowance Exemption Limit Specified
1 Compensatory Allowances for Hilly Area or High Altitude Allowance Rs. 300 pm to Rs. 7,000 pm
2 Border Area, Remote Area Allowance Rs. 200 pm to Rs. 1,300 pm
3 Allowances allowed to Transport Employees Rs. 10,000 or 70% of Such Allowance, Whichever is less
4 Children Education Allowance Rs. 100 pm per child upto maximum 2 children
5 Hostel Expenditure Allowance Rs. 300 pm per child upto maximum 2 children
6 Transport Allowance Rs. 3,200 per month for blind or deaf and dumb
7 Underground allowance to employee working in underground mines Rs. 800 pm

Features offered by NexWage

The employers can list the abovementioned salary components as part of salaries offered to their employees.

Read More Details
Fill Quantity For Get Price

NexWage

A68, Nathu colony
NOIDA Uttar Pradesh

8 Months

+91-8938990191

More About Other Partially Exempt Allowances -

  • NexWage understands that managing payroll is often a pain point for many organizations. That is why we provide a cloud based payroll solution. NexWage simplifies automation for everything associated with employee management, including but not limited to onboarding, attendance, payroll processing, employee reimbursement, and compliance with governance regulations such as statute law. ANVM Business Solutions (P) Ltd . has supported us through the years and it’s safe to say that NexWage is a product of decades of industrial insight coupled with advancement in technology. Our leadership team offers a wealth of 36 years of shared experience in HR, finance, and compliance, providing unmatched security and credibility when it comes to payroll solutions for businesses of different scales. We do not sell just software. We offer relief for businesses. Our services manage the entire payroll so that clients can concentrate on other operations without worrying about compliance or timely payments. Like other companies, we do not intend to exhaust our clients. At NexWage, we believe in empowering every company out there by enabling them to trust us with a payroll system.

Contact Supplier

Name
Email
Phone no.
Describe Your Requirement