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 1●1●1●1

One Answer:

oldest newest most voted

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 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

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

learn more about Markdown

Tags:

income-tax ×778
tax-saving ×120
taxable-income ×38
salary-income ×18
entertainment-allowance ×1

Asked: Jan 27 '12 at 21:12

Seen: 1,930 times

Last updated: Jan 28 '12 at 00:13

Entertainment Allowance

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions