Dive into the realm of tax efficiency as we unravel the intricacies of deductions and exemptions in income tax return (ITR) filing. Discover how strategic planning and a thorough understanding of tax provisions can lead to significant savings. Explore actionable insights to minimize your tax liability and maximize Financial well-being

In the Income Tax Act, Section 10(14)(i) outlines provisions related to allowances and perquisites—benefits provided by employers to employees as part of their salary.