allowances and deduction from employment income Allowance = amount provided by an employer to an employee The only allowance that is not taxable are reasonable travel allowances; all other allowances are
slr statutory liquidity ratio is the amount a commercial bank needs to maintain in the form of cash or gold or govt approved securities bonds before providing credit to its customersslr rate is determined and maintained by the rbi reserve bank of india in order to control the expansion of bank creditlr statutory liquidity ratio is the amount a commercial bank needs to maintain in the form of cash or gold or govt approved securities bonds before providing credit to its customers
CRR and SLR are the two ratios. CRR is a cash reserve ratio and SLR is statutory liquidity ratio. Under CRR a certain percentage of the total bank deposits has to be kept in the current account with RBI which means banks do not have access to that much amount for any economic activity or commercial activity.epo rate is a rate at which banks borrow from RBI for short periods up to 7 or 14 days but predominantly overnight. RBI manages this repo rate which is the cost of credit for the bank.