Entertainment Allowance

Hi Am a salaried professional May Anual Salary for AY 2012-2013 will be 14lacs 1. I have recived 1.28lacs as Entertaiment Allowance this year, is it taxable? 2. I have already planed 1lac for 80C, 1.5lac HRA, 1.5lac Int on Home Loan, 15K Medical, 20K Infra Bonds, pls suggest what else can i do to save tax

Rgds Mohit

asked Jan 27 '12 at 21:12 by Mohit 1111


Entertainment allowance would be fully taxable in your hands. There is no exemption available for non-govt employees.

Regarding tax saving options, please read answers to similar questions here:
Tax saving
Investment advise

answered Jan 28 '12 at 00:13 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×777
×120
×38
×18
×1

Asked: Jan 27 '12 at 21:12

Seen: 1,249 times

Last updated: Jan 28 '12 at 00:13