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self development allowance

chinmaya panda

is self development allowance is exempted

Self development allowance classified as taxable income rather than an exempt allowance under income tax principles. The allowance described as a self development allowance is not exempt and must be included in taxable income, being treated as an employment-related receipt rather than a non-taxable reimbursement or specific statutory exemption. (AI Summary)
Income Tax
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Ganeshan Kalyani on Jan 5, 2016
No it is taxable.
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