I am a govt salary person of Army. when I try to filled my ITR, exemption of Rs 50,000/- has been auto fill by Income Tax department against the entertainment allowances.
I just want to know that, Army person is applicable for this exemption of Rs 50,000/- against Entertainment allowances
please clarify
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Entertainment allowances
Replies (3)
Quick Summary
Entertainment allowance can be exempted as follows lower of the following...
1. Actual entertainment allowance received
2. 5000 rupees
3. 1/5th of salary
1. Actual entertainment allowance received
2. 5000 rupees
3. 1/5th of salary
Entertainment Allowance:
Employees are allowed the lowest of the declared amount one-fifth of basic salary, actual amount received as allowance or Rs. 5,000.
This is an allowance provided to employees to reimburse the expenses incurred on the hospitality of customers.
Employees are allowed the lowest of the declared amount one-fifth of basic salary, actual amount received as allowance or Rs. 5,000.
This is an allowance provided to employees to reimburse the expenses incurred on the hospitality of customers.
U must reconfirm if the deduction is against entertainment allowance or the pension amount.
i think 50000 deduction must be against pension amount
i think 50000 deduction must be against pension amount
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