What is the meaning of allowances?
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What is the meaning of allowances?
1 : an amount of money given regularly for a specific purpose He earns his weekly allowance. 2 : a share given out an allowance of time. 3 : the act of considering things that could affect a result.
What is a synonym for allowance?
permitted amount, permitted quantity, allocation, allotment, quota, share, ration, grant, limit, portion, helping, slice, lot.
What payload means in Spanish?
carga útil
the equipment carried in a spacecraft. carga útil. (Translation of payload from the Cambridge English-Spanish Dictionary © Cambridge University Press)
What is the meaning of pay and allowances?
1 an amount of something, esp. money or food, given or allotted usually at regular intervals. 2 a discount, as in consideration for something given in part exchange or to increase business; rebate.
What are examples of allowances?
Allowance & Deduction Examples
- Backpay allowance.
- Payroll Deduction.
- Tax Rebate.
- Additional Tax.
- Super Salary Sacrifice.
- Super Co-Contribution.
- Pay Disbursements.
- Child Support.
What does allowance mean in business?
In general, company allowance means the allocation paid by the company to the worker when he/she has to travel away from his/her usual place of work. Allowances are usually a fixed sum earmarked by the company to cover one kind of expense or the whole set of expenses.
What is the opposite of allowance?
Opposite of an amount that is allocated or apportioned to an individual or group. forfeit. loss. whole.
What are different types of allowances?
Various types of personal allowances include the following:
- Children Education Allowance.
- Hostel Allowance.
- Transport Allowance.
- Underground Allowance.
- Tribal Area Allowance.
- Outstation Allowance.
- Island Duty Allowance.
- Travelling Allowance.
How do allowances work?
A withholding allowance is an exemption that lowers the amount of income tax you must deduct from an employee’s paycheck. A larger number of withholding allowances means smaller income tax deductions, and a smaller number of allowances means larger income tax deductions.
Is allowance an income?
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.
How do you use allowance in a sentence?
put on a fixed allowance, as of food.
- May I have my allowance?
- My weekly allowance is 50 yuan.
- I didn’t receive any allowance from my father.
- The invaders plunder at no allowance.
- I get four weeks’ holiday allowance a year.
- His father gives him a monthly allowance of ￡200.
What is allowance method?
The allowance method involves setting aside a reserve for bad debts that are expected in the future. The reserve is based on a percentage of the sales generated in a reporting period, possibly adjusted for the risk associated with certain customers.
What is an example of allowance?
Allowance is a piece of something given to a person, usually in relation to money or goods in exchange for service. An example of an allowance is the money a parent gives to a child each week for the chores they do around the house. A portion or share, especially of money.
Why are employees given allowances?
The payment is provided directly from an employer to an employee, and its purpose is to cover expenses such as food, rent, and other costs related to the employee having to work in a location that is not typically where the person resides.
What are types of allowances?
Tabular – Taxable, Non-Taxable and Partially Taxable Allowances AY 2021-22
- Dearness allowance.
- Entertainment allowance.
- Overtime allowance.
- City compensatory allowance.
- Interim allowance.
- Project allowance.
- Tiffin/meals allowance.
- Cash allowance.
What are the types of allowances?
What are the different types of allowances?
What does no allowance mean?
: to fail to consider (something) when one makes a calculation His theory makes no allowance for the possibility that the disease may be genetic.
What is an allowance in accounting?
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.
