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 Batra 5.2k320


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Asked: Jan 27 '12 at 21:12

Seen: 1,930 times

Last updated: Jan 28 '12 at 00:13