Taxation on Unallowed allowances

Hi,
I am about to start my career from October and so If I am making around 3.5 Lakhs Gross Income from October,2022 to March,2023.Then if I claim 80C deductions of 1.5 Lakh and 50K standard deduction then my Gross salary will become 1.5 Lakh.So Tax Liability will become 0.

Now if because of Work From Home,I don’t claim any allowances given as per salary slip,then will I have to pay any tax for these Unclaimed Allowances at the end of Financial year 2022-2023.

Hi @Heath_Slayer

No taxes are to be paid on unclaimed allowances. Since your total income is below 5 lakhs.

Hope this helps!