https://www.taxtmi.com/caselaws?id=36723 House rent allowance exemption under rule 2A is computed by reference to salary due for the relevant period. Salary adopts the definition in rule 2(h) of Part A of the Fourth Schedule, which includes dearness allowance only where employment terms so provide and excludes other allowances and perquisites. Salary therefore means contractual remuneration payable for services rendered. Bonus, being ordinarily additional to wages or remuneration rather than a contractual salary component, does not form part of salary for rule 2A purposes. The Fourth Schedule's treatment of periodical payments and contingent contributions supports this exclusion. en-us Wed, 27 Feb 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36723 House rent allowance exemption under rule 2A is computed by reference to salary due for the relevant period. Salary adopts the definition in rule 2(h) of Part A of the Fourth Schedule, which includes dearness allowance only where employment terms so provide and excludes other allowances and perquisites. Salary therefore means contractual remuneration payable for services rendered. Bonus, being ordinarily additional to wages or remuneration rather than a contractual salary component, does not form part of salary for rule 2A purposes. The Fourth Schedule's treatment of periodical payments and contingent contributions supports this exclusion. Case-Laws Income Tax Wed, 27 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36723