Since a datetime without a specified time segment will have a value of date 00:00:00.000, if you want to be sure you get all the dates in your range, you must either supply the time for your ending date or increase your ending date and use <.
***select Date,TotalAllowance from Calculation where EmployeeId=1
and Date between '2011/02/25' and '2011/02/27 23:59:59.999'***
OR
***select Date,TotalAllowance from Calculation where EmployeeId=1
and Date >= '2011/02/25' and Date < '2011/02/28'***
OR
***select Date,TotalAllowance from Calculation where EmployeeId=1
and Date >= '2011/02/25' and Date <= '2011/02/27 23:59:59.999'***
DO NOT use the following, as it could return some records from 2011/02/28 if their times are 00:00:00.000.
***select Date,TotalAllowance from Calculation where EmployeeId=1
and Date between '2011/02/25' and '2011/02/28'***