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what is Books and periodicals allowance? #
Books and periodicals allowance is paid seldom as a salary component mostly in high CTC structures or for supervisory cadre employees.
Employees often incur expenses on books, newspapers, periodicals, and journals and are allowed to get the reimbursement of the expenses from the employer which is exempted from income tax.
The maximum amount of reimbursement is limited to actual expenses or the salary component amount provided for books and periodicals in CTC, whichever is lower.
