means fixed quantum of money given regularly in addition to salary to meet particular requirement

Related MCQs

• It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
• Outstanding salary would be taxable basis
• Advance salary would be taxable basis
• Salary should have relationship
• salary is chargeable to tax on
• Arear on salary are taxable on             
• An allowance to meet the expenses in connection with the rent of the house, by whatever name called
• profit or income of that particular year.
• Previous year means the financial year immediately preceding the                          
• Benefits Given in kind are