https://www.taxtmi.com/caselaws?id=391004 For house rent allowance exemption under section 10(13A), "salary" is confined to basic salary and dearness allowance, where applicable, and performance bonus cannot be included in that computation. Applying the cited authority on identical facts, the Tribunal held that performance bonus is neither an allowance nor a perquisite for this purpose and must be excluded when determining the admissible HRA exemption. The assessee was therefore entitled to the exemption as recomputed without adding the performance bonus. en-us Fri, 10 Jan 2020 00:00:00 +0530 Thu, 07 Nov 2024 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391004 For house rent allowance exemption under section 10(13A), "salary" is confined to basic salary and dearness allowance, where applicable, and performance bonus cannot be included in that computation. Applying the cited authority on identical facts, the Tribunal held that performance bonus is neither an allowance nor a perquisite for this purpose and must be excluded when determining the admissible HRA exemption. The assessee was therefore entitled to the exemption as recomputed without adding the performance bonus. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391004