Types of Allowances in India: Taxable and Non Taxable Allowance 2023-24

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Published on 2023/08/10

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If you think that your entire salary is liable to taxes, then that is not true. Your overall package, often known as CTC, comprises of many allowances. Taxable allowances are those allowances which are part of salary and are not exempted under any section of Income Tax Act.

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