allowances legal definition
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- Definition of ALLOWANCE: A deduction, an average payment, a portion assigned or allowed: the act of allowing. The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. Navigation
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"What is the exact meaning of ""dearness allowances""?" Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then supplemented by a housing or a dearness allowance, or both.
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- alimony. 1  Law. an allowance paid to a person by that person's spouse or former spouse for maintenance, granted by a court upon a legal separation or a divorce or while action is pending. 2  supply of the means of living; maintenance.
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allowance A sum set aside for an occurrence that may or may not come to pass. For example, funds earmarked for expenses associated with potential bad weather. 2. Funds allocated periodically for a stated purpose, such as a per diem. 3. A discount, especially one offered as a result of specific circumstances.
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Military Compensation Allowances. Allowances are the second most important element of military pay. Allowances are moneys provided for specific needs, such as food or housing. Monetary allowances are provided when the government does not provide for that specific need.For example, the quantity of government housing is not sufficient to house all military members and their families.Those who live in government housing do not receive full housing allowances.onetary allowances are provided when the government does not provide for that specific need. For example, the quantity of government housing is not sufficient to house all military members and their families. Those who live in government housing do not receive full housing allowances.
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Poland One of its tributaries, the Bug, forms about 280 kilometers (174 miles) of Poland's eastern border. The Oder, which together with the Neisse (Nysa) River forms most of the border between Poland and Germany, is fed by several other rivers and streams, including the Warta, which drains a large section of central and western Poland.
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Personal allowance From Wikipedia, the free encyclopedia. In the UK tax system, personal allowance is the threshold above which income tax is levied on an individual's income.
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wage Legal Definition of wage. 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis —often used in plural.
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Income tax allowances and amounts Personal Allowances. The Personal Allowance is the amount of income a person can get before they pay tax. The Personal Allowance goes down by £1 for every £2 of income above the £100,000 limit. It can go down to zero.
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- A withholding allowance is an exemption employees claim that reduces the income tax withheld from their paychecks. Taxes Small Business Tax Obligations: Payroll Taxes
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allowance allowance. n. 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.
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provision PROVISION, com. law. The property which a drawer of a bill of exchange places in the hands of a drawee; as, for example, by remittances, or when the drawee is indebted to the drawer when the bill becomes due, provision is said to have been made. Acceptance always presumes a provision. See Code de Comm. art. 115, 116, 117.
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Attachment Law and Legal Definition Attachment Law and Legal Definition. Attachment in legal terminology means a preliminary legal seizure of property to force compliance with a decision which may be obtained in a pending suit.
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What Is the Difference Between Single & Married Withholding? An allowance is a set amount of your paycheck that your employer will ignore for income tax withholding purposes. For example, as of the 2013 tax year, for each allowance you claim, $75 of your income is exempt from tax withholdings. If you claim three allowances, you can earn $225 before your boss will withhold federal taxes. Form W-4 walks you through the correct number of allowances you should claim.
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Definition of Valuation Allowance Valuation Allowance. Definition of Valuation Allowance Valuation AllowanceA contra-or reduction account to deferred tax assets. The valuation allowance represents that portion of total deferred tax assets that the firm judges is unlikely to be realized.
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allowance An accounting term used to describe entries on a profit and loss statement for expenses that might become necessary in the future. Examples include an allowance for bad debt, in which a certain percentage of income is deducted because of the likelihood it will be uncollectible.
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- Reimbursement, allowance, or advance. A reimbursement or other expense allowance arrangement is a system or plan that an employer uses to pay, substantiate, and recover the expenses, advances, reimbursements, and amounts charged to the employer for employee business expenses.
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Prejudice (legal term) Civil law[edit] Within legal civil procedure, prejudice is a loss or injury, and refers specifically to a formal determination against a claimed legal right or cause of action. Thus, in a civil case, dismissal without prejudice is a dismissal that allows for re-filing of the case in the future.
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- Definition of 'tax allowance'. Word Frequency. tax allowance (tæks əˈlaʊəns) noun. tax. (in the UK) the amount a person can earn without being subject to income tax. the planned abolition of the married man's tax allowance. Children have their own tax allowance - currently £3,445 a year - like adults.
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- Hello Pragati. Dearness Allowance Means: In India, Dearness allowance (D.A.) is part of a person's salary. D.A. is calculated as a percent of the basic salary. This amount is then added to the basic salary along with house rent allowance to get the total salary.
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allowance Definitions (2). 1. Accounting : (1) Tax-free amount (such as traveling allowance) subtracted from an income to arrive at taxable income. See also deduction. (2) Amount paid to employees as part of their salary package, or to defray their out of pocket expenses incurred on behalf of the firm.efinitions (2). 1. Accounting : (1) Tax-free amount (such as traveling allowance) subtracted from an income to arrive at taxable income. See also deduction. (2) Amount paid to employees as part of their salary package, or to defray their out of pocket expenses incurred on behalf of the firm.
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Withholding Allowances or Exemptions Withholding allowances free approximately the same amount of wages from income tax withholding and therefore approximate the employee's tax liability at the end of the year. Exemptions and allowances may be used synonymously.
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exception Legal Definition of exception. 1  1 : something that is excepted or excluded; especially : a situation to which a rule does not apply the Supreme Court shall have appellate jurisdiction, both as to law and fact, with such exceptions, and under such regulations as the Congress shall make — U.S. Constitution art.
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allowance Definitions (3) 1. A sum set aside for an occurrence that may or may not come to pass. For example, funds earmarked for expenses associated with potential bad weather. 2. Funds allocated periodically for a stated purpose, such as a per diem. 3. A discount, especially one offered as a result of specific circumstances.
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CONTRACTUAL ALLOWANCE Definition CONTRACTUAL ALLOWANCE Definition. CONTRACTUAL ALLOWANCE, in healthcare, is the difference between what hospitals bill and what they receive in payment from third party payers, most commonly government programs; also known as contractual adjustment. Learn new Accounting Terms.
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"What is the exact meaning of ""dearness allowances""?" Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people.