New Delhi, July 30 -- As income tax return (ITR) deadline is just a day away, Section 10(14)(i) has emerged as a widely discussed tax-saving provision among salaried employees. Several users on social media platforms such as X (formerly Twitter) and tax forums claim that this provision can help in reducing your tax liability.

But what many people don't know is that the income tax department can verify these claims, so using the exemption without meeting the prescribed conditions could invite scrutiny and related consequences.

If you are genuinely eligible to claim a tax benefit under this section, there is nothing wrong in doing so in your tax return. The problem arises only when taxpayers misuse the provision by claiming allowances or ...