Quick Answer: What Is The Meaning Of Allowance?

How do you use allowance in a sentence?

Allowance sentence examplesWe agreed on an allowance figure and she began working in earnest.

In June 1720 he went up to Christ Church, Oxford, with an annual allowance of £40 as a Charterhouse scholar.

Windows have a chilling effect on a room, and in calculations extra allowance should be made for window areas.More items….

What is regular allowance?

An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. In the context of children, parents may provide an allowance (British English: pocket money) to their child for their miscellaneous personal spending.

What is a site allowance?

Site allowances were originally created by piling together old payments for working in wet, cold, hot and dirty conditions into one deal, and then linking it to the value of the build– the higher the value, the greater the hourly rate.

What is another word for wind?

What is another word for wind?breezeairhurricanemistraltempesttyphoonwaftingwhiffwhirlwindwhisk64 more rows

How do you calculate allowances?

Today, a key rule of thumb in setting allowances is paying a dollar a year: Pay $1 for each year of your child’s age. Under this scenario, your 8-year-old would get $8, while your 12-year-old would receive $12.

What is the meaning of allowance in English?

a sum of money allotted or granted for a particular purpose, as for expenses: Her allowance for the business trip was $200. a sum of money allotted or granted to a person on a regular basis, as for personal or general living expenses: The art student lived on an allowance of $300 a month.

What is monthly allowance?

an amount of money that someone receives regularly, in order to pay for the things they need. She receives a monthly allowance of £500. a housing/clothing/fuel allowance (=money given to help people with their rent, clothes, or heating): an increase in the winter fuel allowance.

What is the meaning of pocket money?

money for spending on your own personal things: … a small amount of money, especially an amount that is not enough: I work really hard at this job, and all I get paid is pocket money.

Which allowance is exempt from salary?

If you were receiving transport allowance from your employer till FY 2017-18, as a taxpayer, you can claim up to Rs 1,600 per month or Rs 19,200 per annum as exempt from tax before arriving at gross income chargeable to tax. In case of blind, deaf, or handicapped employees, the exemption limit is Rs 3,200 per month.

What is another word for pocket money?

Similar words for pocket money: mad money (noun) money (noun) petty cash (noun) pin money (noun)

What is the difference between salary and allowance?

is that salary is a fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages implies a degree of professionalism and/or autonomy while allowance is the act of allowing, granting, conceding, or admitting; authorization; permission; sanction; tolerance.

How do you use allowances?

Examples of allowance in a Sentence Noun a monthly allowance for household expenses Each of their children gets a weekly allowance of five dollars. the recommended daily allowance of vitamin C the tax allowance for married couples They performed poorly, but allowances should be made for their inexperience.

What is meant by basic salary?

Basic salary is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus. Allowances, such as internet for home-based workers or contributions to phone usage, would also be added to the basic salary.

What is another word for allowance?

In this page you can discover 92 synonyms, antonyms, idiomatic expressions, and related words for allowance, like: quantity, quota, agree, consent, alimony, ration, stipend, salary, wage, commission and fee.

What are the types of allowances?

Taxable, Non-Taxable and Partially Taxable Allowances AY 2020-21Dearness allowance.Entertainment allowance.Overtime allowance.City compensatory allowance.Interim allowance.Project allowance.Tiffin/meals allowance.Uniform allowance.More items…

What is allowance salary?

Any monetary benefit offered by the employer to its employees for meeting expenditures, over and above the basic salary are known as Salary Allowances. … According to Income Tax Act, allowances are added to the salary of an individual and taxed under the head Income from Salaries.

What is a normal allowance?

If you think an allowance is a dollar bill or two handed to your child each week, think again. Two-thirds of parents give their child an allowance, and the average weekly amount is $30, according to a survey published this week by the American Institute of Certified Public Accountants.

Why is it called pocket money?

Before the advent of pockets in shirts and trousers, money was kept in bags and sachets. Later, a smart tailor made a pocket on a garment and it became so useful, further innovations made a pocket suitable to safely keep money. From then on, money kept in pockets for expenses came to known as pocket money.