Allowance

Tax Glossary Definition

Allowance

A predetermined sum or benefit paid periodically to an employee, generally as part of their remuneration package, to cover particular expenses or offer additional financial assistance. Common examples include house rent allowance, travel allowance, and children’s education allowance.

Example: An employee may receive a travel allowance of ₹5,000 per month to cover expenses incurred during official trips.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat