Question

Which of the following statement is incorrect with respect to income under the head salaries?

A Overtime allowance received is fully taxable
B City compensatory allowance received is exempted upto Rs. 800 per month
C Children hostel allowance is exempted upto Rs. 300 per month per child upto maximum two children
D Children education allowance is exempted upto Rs. 100 per month per child upto maximum two children
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RBI Grade B 2026 Phase 1 Memory Based Paper
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