Deduction for Entertainment Allowance & Deduction for Professional tax under Income Tax Act, 1961: Section 16(ii)(iii)

By | June 4, 2015

As Per Income Tax Act, 1961 “Deduction for Entertainment Allowance & Deduction for Professional tax” includes:

i)  A deduction in respect of any allowance in the nature of an entertainment allowance.

ii)  A deduction of any sum paid by the assessee on account of a tax on employment.

Entertainment allowance deduction for govt employees is one-fifth of his basic salary or 5000 Rs. whichever is less.

For Non-govt employees, it is fully taxable.

Professional tax deduction is allowed for employees if it is paid by the employee.

Reference:

As Per Section 16(ii)(iii), Of the Income Tax Act, 1961-

The income chargeable under the head “Salaries” shall be computed after making the following deductions, namely:—

(i) a deduction in respect of any allowance in the nature of an entertainment allowance specifically granted by an employer to the assessee who is in receipt of a salary from the Government, a sum equal to one-fifth of his salary (exclusive of any allowance, benefit or other perquisite) or five thousand rupees, whichever is less;

(ii) a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.

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