Web06/12/2016 · allowance: [noun] a share or portion allotted or granted. a fixed or available amount. a reduction from a list price or stated price.

WebSynonyms for ALLOWANCE: portion, share, quota, allotment, part, proportion, percentage, cut; Antonyms of ALLOWANCE: total, sum, aggregate, compound, pool, whole ...

Webal·low·ance 1. The act of allowing. 2. An amount that is allowed or granted: consumed my weekly allowance of two eggs. 3. Something, such as money, given at regular intervals or for a specific purpose: a travel allowance that covers hotel... 4. A small amount of money regularly given to a child, ...

WebAllowance. Allowance is defined as a fixed amount of money paid by employers to their employees to meet certain expenditures above basic salary. For example, organizations pay overtime over and above basic salary to employees when they work for additional hours. Similarly, there are many other allowances as a component of salary.

Weballowance definition: 1. money that you are given regularly, especially to pay for a particular thing: 2. an amount of…. Learn more.

Web23/06/2022 · Allowances are a deviation from the basis grade or location allowable when delivering commodities under the terms of a futures contract. Allowances represent a premium or discount to the standards ...

WebDefine allowance. Allowance as a noun means The act of allowing..

Web07/10/2022 · An allowance is a reserve that is set aside in the expectation of expenses that will be incurred at a future date. The creation of a reserve essentially accelerates the recognition of an expense into the current period from the later period in which it would otherwise have been recognized. The intent of a reserve is to match expenses with the ...

Web23/02/2021 · 2. Non – Taxable Allowances. The allowances which are paid to the employees by employers forming a part of the salary but are fully exempted from taxes are called non – taxable allowances. Such allowances are mostly paid to the government employees. The lists of non – taxable allowances are as follows:-.

Web02/08/2022 · 3. Special allowance. A special allowance is paid to an employee for the performance of a duty mentioned under section 14 (i). This allowance does not fall in the category of perquisite and is partially taxable. 4. Conveyance allowance above Rs. 19,200 per annum under section 10 (14) (ii) of income tax act.