"Allowances To Meet Expenditure On A Helper, Uniform, Academic Research And Other Professional Pursuits Are Completely Tax-Exempt"

 

As per Rule 2BB the following allowances, specifically granted to meet expenses wholly, necessarily and exclusively incurred in the performance of the duties of offices of employment or profit, for the purposes of Section 10 (14) (i) would be considered as completely exempt from tax, namely:

(a)      Any allowance (by whatever name called) granted to meet the expenditure incurred on a helper where such helper is engaged for the performance of duties of an office of employment or profit;

(b)      Any allowance (by whatever name called) granted for encouraging academic, research and other professional pursuits in educational and research institution, and

(c)      Any allowance (by whatever name called) and granted to meet the expenditure incurred on the purchase or maintenance of uniform for use during the performance of the duties of an office of employment or profit. The above allowances continue to be exempted even after the introduction of the concept of “cost to the company” and also they are exempt even after the publication of Notification No. 940(E) dated 25.9.2001.

As per CBDT Circular No. 15 dated 12-12-2001 the perquisite value of periodicals and journals provided to the employee for discharge of his work would be nil.

 
 
 
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