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1. Dictionary

   allowance

   /əˈlaʊəns/

   noun

   • 1. the amount of something that is permitted, especially within a set of regulations or for a specified purpose: "your baggage allowance" Similar permitted amount/quantityallocationallotmentquotasharerationgrantlimitportionhelpingslicelot
   • ▪ an amount of money that can be earned or received free of tax: British "a personal allowance" Similar concessionreductiondecreasedeductiondiscountweightingrebaterefundrepaymentweightage
   • ▪ a deduction in the weight that a horse is required to carry in a race.
   • 2. a sum of money paid regularly to a person to meet needs or expenses: "the elderly receive a heating allowance every winter" Similar paymentpocket moneysum of moneyremittancecontributionconsiderationhandoutgrantsubsidymaintenancefinancial supportsubsistencebenefitstipendpensionannuitykeepupkeepexpenses
   • ▪ a small amount of money given regularly to a child by their parents. North American
   • 3. tolerance: archaic "the allowance of differing opinions"

   verb

   • 1. give (someone) a sum of money as an allowance: archaic "I have made up my mind to allowance him"

   Word Origin late Middle English: from Old French alouance, from alouer (see allow).

   Scrabble Points: 14

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2. People also ask

   What is an allowance?

   • An allowance can be various things, depending on the context. The word allowance (pronounced) is an English word originating from the old French word alouance (which evolved from Latin allaudāre, "to praise" and from Medieval Latin allocāre, "to assign").

   Travel and Transport | Government of India, All India Council for

   www.aicte-india.org/bureaus/administration/travel-transport

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   What is Dearness Allowance?

   • Dearness allowance is a component of salary of the government employees and pensioners. It was introduced to help government employees cope with rising inflation. This allowance acts as a buffer against rising prices, effectively increasing the take-home pay of government staff and pensioners.

   Latest on DA hike 2024: 13 allowances of central government employee…

   economictimes.indiatimes.com/wealth/save/latest-on-da-hike-2024-13-allowances-of-central-government-employees-to-increase-by-25-as-dearness-allowance-touches-50/articleshow/111507849.cms

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   What is leave travel allowance?

   • The Leave Travel Allowance is applicable only for travel expenses. The individual can travel only with India. The individual has to keep proof of travel as it can be required for tax auditing purposes. The exemption under Leave Travel Allowance is not available for more than two children born after 1 October 1998.

   Leave Travel Allowance (LTA) - Calculation, Rules & Exemptions - BankB…

   www.bankbazaar.com/tax/leave-travel-allowance.html

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   Why does the government provide Dearness Allowance?

   • The government provides Dearness Allowance to both its employees and pensioners to counteract the effects of inflation. Given the rising prices, maintaining the purchasing power of government employees is crucial. While the government attempts to control inflation, market dynamics often limit its success.

   Dearness Allowance (DA): Calculation, Types, and Tax Implications

   www.nowonline.in/dearness-allowance-da-calculation.html

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3. economictimes.indiatimes.com › wealth › saveLatest on DA hike 2024: 13 allowances of central government ...

   economictimes.indiatimes.com › wealth › save

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   3 days ago · Central government employees have been granted a 4% raise in their Dearness Allowance (DA), bringing it up to 50%. In tandem, the Dearness Relief (DR) for central government retirees has also been boosted by 4% to 50% to cushion rising prices' impact.

4. www.nowonline.in › dearness-allowance-daDearness Allowance (DA): Calculation, Types, and Tax Implications

   www.nowonline.in › dearness-allowance-da

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   4 days ago · It is designed to counteract the impact of inflation by providing adjustments to the basic salary to ensure that employees can maintain their standard of living. In this article, we’ll delve into the intricacies of Dearness Allowance, including its calculation methods, types, and tax implications.

   • Category: Trending
   • Year: 2024

   • Dearness Allowance: Click Here

5. indianexpress.com › article › how-toITR Deductions and Exemptions: Calculation, identification ...

   indianexpress.com › article › how-to

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   4 days ago · Deductions directly chip away at your taxable income, lowering the amount you pay taxes on, while exemptions act as specific allowances deducted from your total income before it's assessed for taxes.

6. Videos

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     investopedia.com

     Withholding Allowance: What Is It, and How Does It Work?

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     Meaning of Allowances and Different Types Of Allowances

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     study.com

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7. www.merriam-webster.com › dictionary › make someMake some allowance for Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › make some

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   5 days ago · The meaning of MAKE SOME ALLOWANCE FOR is to consider (something that causes one to judge less harshly) when making a judgment. How to use make some allowance for in a sentence.

8. www.bankbazaar.com › tax › leave-travel-allowanceLeave Travel Allowance (LTA) - Calculation, Rules & Exemptions

   www.bankbazaar.com › tax › leave-travel-allowance

   2 days ago · What is Leave Travel Allowance? Leave Travel Allowance or LTA is a type of allowance given to the employee by employers for travel. It covers within-country travel costs when he/she is on leave from work.

9. www.aicte-india.org › bureaus › administrationTravel and Transport | Government of India, All India Council ...

   www.aicte-india.org › bureaus › administration

   3 days ago · The allow- root refers most generally to the concept of permission; an allowance in most abstract terms is an act or instance of something being allowed, that is, permitted. From this most general meaning flow many specific meanings of allowance in English.

10. english.mahamoney.com › what-are-staff-welfareWhat are staff welfare expenses? How are they taxed?

    english.mahamoney.com › what-are-staff-welfare

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    4 days ago · You are absolutely right. Staff welfare expenses are a crucial part of employee benefits and well-being. After all, it's not just about looking after your team; it's about doing it in a financially savvy way. Let's break down what they are and how they are taxed in India in simple terms.