{"id":12937,"date":"2020-06-20T03:57:21","date_gmt":"2020-06-20T03:57:21","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=12937"},"modified":"2024-06-04T10:21:13","modified_gmt":"2024-06-04T04:51:13","slug":"tax-treatment-of-allowances-and-perquisites-under-head-salary","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/","title":{"rendered":"Tax Treatment of Allowances and Perquisites under Head Salary"},"content":{"rendered":"<table id=\"what\" style=\"border: 1px solid #ddd; text-align: left; margin-top: 1px; margin-bottom: 20px;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px;\"><strong>\u00a0<\/strong><strong>Content<\/strong><\/p>\n<p><a href=\"#what\">What is salary?<\/a><\/p>\n<p><a href=\"#Allowances\">Allowances<\/a><\/p>\n<p><a href=\"#Perquisites\">Perquisites<\/a><\/p>\n<p><a href=\"#Taxable\">Taxable in case of all employees:<\/a><\/p>\n<p><a href=\"#Exempt\">Exempt in case of all employees:<\/a><\/p>\n<p><a href=\"#specified\">Taxable in hands of specified employees<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 id=\"Allowances\" style=\"font-size: 20px !important; color: #1e82b6;\"><strong>WHAT IS SALARY?<\/strong><\/h3>\n<p style=\"text-align: justify;\">The term salary under <a href=\"https:\/\/www.cagmc.com\/tax-audit-u-s-44ab-of-income-tax-act-1961\/\">INCOME TAX ACT, 1961<\/a> includes both monetary payments (i.e. basic salary, dearness allowance, bonus, pension, commission, allowances, etc.) as well as non-monetary facilities (i.e. vehicle provided by company for personal work, housing accommodation, medical facility, interest free loans, etc.<\/p>\n<p style=\"text-align: justify;\">In this article we will learn in brief about tax treatment of allowances and perquisites, the main components while calculating the taxable income from the head salary.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-15177 size-full\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png\" alt=\"Tax Treatment of Allowances and Perquisites under Head Salary\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-768x403.png 768w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3 style=\"font-size: 20px !important; color: #1e82b6;\"><strong>ALLOWANCES<\/strong><\/h3>\n<p style=\"text-align: justify;\">Generally allowances are given by employers to their employees to meet some particular daily life requirements such as House rent, uniform expenses, conveyance, etc.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-12938 size-full aligncenter\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34.png\" alt=\"\" width=\"948\" height=\"402\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34.png 948w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34-300x127.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34-768x326.png 768w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34-615x261.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34-400x170.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Screenshot-34-292x124.png 292w\" sizes=\"(max-width: 948px) 100vw, 948px\" \/><\/p>\n<p>As according to INCOME TAX ACT, 1961 allowances are classified into three categories:<\/p>\n<table id=\"introduction\" style=\"border: 1px solid #ddd; text-align: left; margin-top: 1px; margin-bottom: 20px;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px; width: 30%;\"><strong>Taxable Allowances<\/strong><\/td>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px; width: 35%;\"><strong>Partially-Taxable allowances<\/strong><\/td>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px; width: 35%;\"><strong>Non-Taxable allowances<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px;\">\n<ul>\n<li>Dearness allowance<\/li>\n<li>Entertainment allowance<\/li>\n<li>Overtime allowance<\/li>\n<li>City compensatory allowance<\/li>\n<li>Interim allowance<\/li>\n<li>Project allowance<\/li>\n<li>Tiffin\/meals allowance<\/li>\n<li>Uniform allowance<\/li>\n<li>Cash allowance<\/li>\n<li>Non-practicing allowance<\/li>\n<li>Warden allowance<\/li>\n<li>Servant allowance<\/li>\n<\/ul>\n<\/td>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px;\">\n<ul>\n<li>House Rent Allowance (HRA) except when it qualified as exempt under Section 10<\/li>\n<li>Fixed medical allowance<\/li>\n<li>Special allowance(including children education allowance and children hostel allowances)<\/li>\n<li>Conveyance allowance above Rs.19,200 p\/a under section 10(14)(ii) of income tax act<\/li>\n<li>Entertainment allowance according to law, deduction of 1\/5 of salary or Rs. 5,000 whichever is less under section 16 (ii) of income tax act<\/li>\n<\/ul>\n<\/td>\n<td style=\"padding: 9px; border: 1px solid #ddd; text-align: left; font-size: 16px;\">\n<ul>\n<li>HRA up to 40% of basic salary (50% in case of employees staying in 4 metros cities i.e. Delhi, Mumbai, Chennai and Bangalore) subject to actual rent paid being more than HRA plus 10% of basic<\/li>\n<li>Conveyance allowance up to Rs. 1,600 per month or Rs. 19,200 per annum<\/li>\n<li>Payments to government employees posted abroad<\/li>\n<li id=\"Perquisites\">Allowance for UN employees<\/li>\n<li>Sumptuary allowance paid to judges of Supreme Court and High Courts<\/li>\n<li>Compensatory allowance paid to judges of Supreme Court and High Courts<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 id=\"Taxable\" style=\"font-size: 20px !important; color: #1e82b6;\"><strong>PERQUISITES<\/strong><\/h3>\n<p style=\"text-align: justify;\">The term perquisites indicate some extra benefit in addition to amount may be legally due by way of contract for service rendered. Perquisites may be in cash or in kind.<\/p>\n<p>Perquisites can be classified in three ways:<\/p>\n<h3 id=\"Exempt\" style=\"font-size: 20px !important; color: #1e82b6;\"><strong>TAXABLE IN CASE OF ALL EMPLOYEES:<\/strong><\/h3>\n<ul>\n<li>Rent free accommodation.<\/li>\n<li>Concession in rent.<\/li>\n<li>Payment made by employer against the obligation of employee.<\/li>\n<li>Amount payable directly or indirectly by the employer for assurance of life of assesse<\/li>\n<li>Specified security or Sweet equity shares allotted or transferred by the employer.<\/li>\n<li>Any amount paid into contribution to an approved superannuation fund.<\/li>\n<li>Any other fringe benefit and amenity<\/li>\n<\/ul>\n<h3 style=\"font-size: 20px !important; color: #1e82b6;\"><strong>EXEMPT IN CASE OF ALL EMPLOYEES:<\/strong><\/h3>\n<ul>\n<li>Leave travel concession subject to if only the actual amount spent<\/li>\n<li>Medical Facilities &amp; Reimbursements<\/li>\n<li>Computer or Laptop provided for official or personal use<\/li>\n<li>Initial fees paid for corporate membership<\/li>\n<li>Refreshment provided to employees during working hours in the office premises<\/li>\n<li>Payment of amount of annual premium on personal accident policy<\/li>\n<li>Subscription to periodicals and journals required for the discharge of work<\/li>\n<li>Provision of Medical Facilities<\/li>\n<li>Gifts not exceeding Rs. 5000 per annum<\/li>\n<li id=\"specified\">Use of health club and sports facility<\/li>\n<li>Child Education Allowance (Rs.100 per month. per child \u2013 max. 2 children)<\/li>\n<li>Hostel Allowance (Rs. 300 per month per child \u2013 max. 2 children) is exempt.<\/li>\n<li>Transport Allowance: Rs. 800 per month \u2013 Rs.1600 per month. (If handicapped)<\/li>\n<li>Free meal provided by company during work hours or through paid non-transferable vouchers not exceeding amount 50 Rs. per meal or free meal provided during work hours in a remote area.<\/li>\n<\/ul>\n<h3 style=\"font-size: 20px !important; color: #1e82b6;\"><strong>TAXABLE IN HANDS OF SPECIFIED EMOPLOYEES<\/strong><\/h3>\n<p style=\"text-align: justify;\">An employee is said to be a specified employee in any of the following cases: If he is <a href=\"https:\/\/cleartax.in\/s\/types-of-directors-in-a-company\" target=\"_blank\" rel=\"noopener\">director of the company<\/a>; or he has any substantial interest in the affairs of the company. (Substantial interest means that the employee holds at least 20% of the voting power (equity shares) in the company); or Employee is earning monetary income i.e. more than 50,000 p.a.<\/p>\n<p>It includes the following:<\/p>\n<ul>\n<li>Motor car given by company to employee<\/li>\n<li>Motor car owned by employee but the expenses will reimbursed by employer<\/li>\n<li>Two wheeler owned by employee but the expenses will reimbursed by employer<\/li>\n<li>RFA and accommodation at concessional rate.<\/li>\n<li>Security or shares provided by ESOP.<\/li>\n<li>Leave travel concession.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Content What is salary? Allowances Perquisites Taxable in case of all employees: Exempt in case of all employees: Taxable in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15177,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[69],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Treatment of Allowances and Perquisites under Head Salary<\/title>\n<meta name=\"description\" content=\"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,&amp; many more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Treatment of Allowances and Perquisites under Head Salary\" \/>\n<meta property=\"og:description\" content=\"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,&amp; many more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\" \/>\n<meta property=\"og:site_name\" content=\"Goyal Mangal &amp; Company\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goyalmangal\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-20T03:57:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-04T04:51:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary.png\" \/>\n\t<meta property=\"og:image:width\" content=\"287\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Goyal Mangal Company\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Goyal Mangal Company\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\"},\"author\":{\"name\":\"Goyal Mangal Company\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/2e0298c91fee7a0bf16a52e750d808b9\"},\"headline\":\"Tax Treatment of Allowances and Perquisites under Head Salary\",\"datePublished\":\"2020-06-20T03:57:21+00:00\",\"dateModified\":\"2024-06-04T04:51:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\"},\"wordCount\":678,\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\",\"url\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\",\"name\":\"Tax Treatment of Allowances and Perquisites under Head Salary\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png\",\"datePublished\":\"2020-06-20T03:57:21+00:00\",\"dateModified\":\"2024-06-04T04:51:13+00:00\",\"description\":\"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,& many more.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage\",\"url\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cagmc.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Treatment of Allowances and Perquisites under Head Salary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"name\":\"Goyal Mangal &amp; Company\",\"description\":\"Best CA Firm in Jaipur\",\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\",\"name\":\"Goyal Mangal & Company\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"width\":673,\"height\":145,\"caption\":\"Goyal Mangal & Company\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/goyalmangal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/2e0298c91fee7a0bf16a52e750d808b9\",\"name\":\"Goyal Mangal Company\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ed779a5a0101901508baec86a5b04d54?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ed779a5a0101901508baec86a5b04d54?s=96&d=mm&r=g\",\"caption\":\"Goyal Mangal Company\"},\"sameAs\":[\"https:\/\/www.cagmc.com\"],\"url\":\"https:\/\/www.cagmc.com\/blog\/author\/cagmc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Treatment of Allowances and Perquisites under Head Salary","description":"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,& many more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/","og_locale":"en_US","og_type":"article","og_title":"Tax Treatment of Allowances and Perquisites under Head Salary","og_description":"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,& many more.","og_url":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/","og_site_name":"Goyal Mangal &amp; Company","article_publisher":"https:\/\/www.facebook.com\/goyalmangal","article_published_time":"2020-06-20T03:57:21+00:00","article_modified_time":"2024-06-04T04:51:13+00:00","og_image":[{"width":287,"height":200,"url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary.png","type":"image\/png"}],"author":"Goyal Mangal Company","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Goyal Mangal Company","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#article","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/"},"author":{"name":"Goyal Mangal Company","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/2e0298c91fee7a0bf16a52e750d808b9"},"headline":"Tax Treatment of Allowances and Perquisites under Head Salary","datePublished":"2020-06-20T03:57:21+00:00","dateModified":"2024-06-04T04:51:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/"},"wordCount":678,"publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png","articleSection":["Income Tax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/","url":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/","name":"Tax Treatment of Allowances and Perquisites under Head Salary","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png","datePublished":"2020-06-20T03:57:21+00:00","dateModified":"2024-06-04T04:51:13+00:00","description":"Read about Tax treatment of allowances and perquisites under head salary. What is salary?, Allowances, Perquisites,& many more.","breadcrumb":{"@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#primaryimage","url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png","contentUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2020\/06\/Tax-Treatment-of-Allowances-and-Perquisites-under-Head-Salary-1.png","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.cagmc.com\/blog\/tax-treatment-of-allowances-and-perquisites-under-head-salary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cagmc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tax Treatment of Allowances and Perquisites under Head Salary"}]},{"@type":"WebSite","@id":"https:\/\/www.cagmc.com\/blog\/#website","url":"https:\/\/www.cagmc.com\/blog\/","name":"Goyal Mangal &amp; Company","description":"Best CA Firm in Jaipur","publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cagmc.com\/blog\/#organization","name":"Goyal Mangal & Company","url":"https:\/\/www.cagmc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","contentUrl":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","width":673,"height":145,"caption":"Goyal Mangal & Company"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goyalmangal"]},{"@type":"Person","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/2e0298c91fee7a0bf16a52e750d808b9","name":"Goyal Mangal Company","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ed779a5a0101901508baec86a5b04d54?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ed779a5a0101901508baec86a5b04d54?s=96&d=mm&r=g","caption":"Goyal Mangal Company"},"sameAs":["https:\/\/www.cagmc.com"],"url":"https:\/\/www.cagmc.com\/blog\/author\/cagmc\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/12937"}],"collection":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/comments?post=12937"}],"version-history":[{"count":11,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/12937\/revisions"}],"predecessor-version":[{"id":52470,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/12937\/revisions\/52470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media\/15177"}],"wp:attachment":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media?parent=12937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/categories?post=12937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/tags?post=12937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}