What is the opposite of allowance?

(Entry 1 of 2) 1a : a sum granted as a reimbursement or bounty or for expenses a salary that includes a cost-of-living allowance especially : a sum regularly provided for personal or household expenses Each child receives a weekly allowance.

An allowance is money that is given to someone, usually on a regular basis, in order to help them pay for the things that they need. She gets an allowance for taking care of Amy. Synonyms: portion, lot, share, amount More Synonyms of allowance. 2. countable noun.

əˈlaʊəns) An amount allowed or granted (as during a given period). Synonyms. share percentage part privy purse portion. Antonyms. invariableness inactivity permissive unpermissive unpermissiveness.

What is another word for allowance?

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Asking for permission

1. could is more formal and polite than can:
2. may is another more formal and polite way of asking for permission:
3. may is a more formal and polite way of giving permission:
4. may is a more formal and polite way of saying that someone has permission:

verb (used with object), stole, sto·len, steal·ing. to take (the property of another or others) without permission or right, especially secretly or by force: A pickpocket stole his watch. to appropriate (ideas, credit, words, etc.) without right or acknowledgment.

Synonyms

1. permit. verb. to allow someone to do something, or to allow something to happen.
2. allow. verb. to give someone permission to do or have something.
3. approve. verb. to give official agreement or permission to something.
4. tolerate. verb.
5. authorize. verb.
6. mandate. verb.
7. grant. verb.
8. empower. verb.

allowance (n.) late 14c., “praise” (a sense now obsolete), from Old French aloance “sanction, granting, allocation,” from aloer “allot, apportion, assign” (see allow). As with allow, the English word involves senses of two different French words. Meaning “sanction, approval, tolerance” is from 1550s.

Now, let’s calculate the same in the following three scenarios:

1. Amount received as HRA from employer = Rs. 13,000 X 12 (months) = Rs. 1,56,000.
2. Or, Actual rent paid less 10% of basic = (Rs. 10,000 X 12) – Rs. 36,000 = Rs. 84,000.
3. 50% of basic salary since he lives in a metro = Rs. 1,80,000.

Professional Tax calculation is based on predetermined slabs and on the basis of the salary or monthly income levels. It is usually around Rs 200 a month, with the maximum payable in a year being Rs 2,500.

Once your employees determine their number of withholding allowances, you’ll need to calculate the total amount to withhold from their paychecks. Divide the amount specified in Step 3 of your employee’s Form W-4 by your annual number of pay periods. Subtract this amount from the tentative withholding amount.

Next, think about how much allowance you want them to receive and what conditions, if any, you want to set on receiving it. A widely accepted rule of thumb is to offer kids $1 to $2 per week, based on their age. So if you have a 9-year-old and an 11-year-old, you could pay them $9 and $11 respectively.

Generally, the more allowances you claim, the less tax will be withheld from each paycheck. The fewer allowances claimed, the larger withholding amount, which may result in a refund.

What’s the difference between an allowance and a dependent exemption? In short, an allowance is used by your employer to calculate how much to withhold from your paycheck, and a dependent exemption is used on your tax return to calculate your actual tax liability.

As a single parent with two kids, you can claim more than 2 allowances if you only have one job. You can request an allowance for each child if you have more than two when you are single. However, if someone claims you as a dependent on his/her tax returns, you are limited to zero allowances.

As long as you qualify, you yourself can be claimed as a dependent, even if you paid your own taxes and filed a tax return. But dependents can’t claim someone else as a dependent. If you and your spouse file joint tax returns, and one of you can be claimed as a dependent, neither of you can claim any dependents.

You can claim a boyfriend or girlfriend as a dependent on your federal income taxes if that person meets the IRS definition of a “qualifying relative.”