Entertainment tax....
Ashish Bhatt ( B.COm C.A FINAL (New)) (493 Points)
29 December 2010Ashish Bhatt ( B.COm C.A FINAL (New)) (493 Points)
29 December 2010
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 January 2011
sec 16 (ii) is entertainment allowance...exemption only for govt employees...exemption will be least of the following...
1> 20%of basic salary
2> Rs 5000
3> actual received..
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