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

Official answer key: (A), (B), (C), (D). Official source note: As per rule 2BB framed under Section 10 (14), any allowance granted for encouraging the academic, research and training pursuits in educational and research institutions is ‘exempt’ to the extent of actual expenses. Since, the question is silent about the actual expenses incurred. Hence, there may be various possible correct answers. Therefore, candidates attempting any option i.e. A/B/C/D is valid.