Mr. Murthy is employed in, ABC Management Institute, Pune. He is eligible for ₹ 24,000 as an allowance for the year towards academic and research work. The amount of academic and research allowance chargeable to tax is:

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Mr. Murthy is employed in, ABC Management Institute, Pune. He is eligible for ₹ 24,000 as an allowance for the year towards academic and research work. The amount of academic and research allowance chargeable to tax is: