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Entetainment,magzine allowance,profession development allow

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Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2011 Dear Experts,

How much exemption limit for above mentioned allowances for income tax.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 November 2011 Entertainment fully taxable

Magazine & Professional development -if it is related to employee work nature then exempted up to the expenditure spent with providing bills

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2011 Dear Ramesh,

Thanks

Please guide all those above metioned allowance coming in under which section

Regards

Mangesh

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