Income from Salary | Part 2 | Income tax 2025-26 | Lecture 7 | Allowances |

Income from Salary | Part 2 | Income tax 2025-26 | Lecture 7 | Allowances | BCOM MCOM MBA |

Income tax Series Playlist: https://youtube.com/playlist?list=PLRgkb0V26zwbTz6C9cOV0othRDLKXsoxp&si=v4RIMNP3obCReL4z

📘 Lecture 7: Income from Salary – Part 2 | HRA, Education Allowance, Entertainment Allowance | AY 2025-26

Welcome to Lecture 7 (Part 2) of our Income Tax Series for Assessment Year 2025-26! In this video, we dive deeper into the Allowances under Salary Income as per the Income Tax Act, 1961, explaining their taxability, exemptions, and limits with clarity and examples.

👉 What You’ll Learn in This Lecture:

Meaning & Types of Allowances

House Rent Allowance (HRA) – Conditions, Exemption Rules & Calculation

Children Education Allowance – Limitations & Exemption

Children Hostel Allowance – Exemption Limit

Entertainment Allowance – Special provisions for government employees

Other Allowances – Transport, Uniform, Helper, etc.

Taxable vs. Exempt Allowances

📌 Based on latest provisions applicable for AY 2025-26, this lecture is highly useful for B.Com, CA Foundation, CS Executive, CMA students, and anyone learning Income Tax Basics.

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