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of <h1>Section 10 summary: Salary-related exemptions including allowances, retirement payouts, provident and pension limits, HRA and fixed ceilings</h1> The schedule summarizes salary-related exemptions under section 10 of the Income Tax Act, listing specific allowances and payments that are wholly or partly exempt and their quantitative limits or conditions. Key items include leave travel allowance (two journeys per four-year block; actual or prescribed amount), various retirement payouts (gratuity, pension, leave encashment, retrenchment compensation with specified caps), provident fund and national pension system payments (subject to percentage limits and conditions), house rent allowance (least of three prescribed amounts), and multiple specified allowances (education, transport, conveyance, uniform, area/compensatory allowances) with fixed monthly ceilings or exemption to the extent of official expenditure.
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