'Calculate RD & FD Maturity Value'   'NPS Calculator'   'Calculate LTCG on Shares / MF'   'Know Loan Repayment Details'   'Family Pension Calculator'   'Know Week Day You Born'   '11th BPS Expected Basic Pay '   'PPF Investors: इस जानकारी को पढ़े और मित्रों के साथ शेयर करें'   'Crorepati/ELSS/SIP Calculator'   'Download RTGS/NEFT Fillable Form'   'NSE/BSE Index Date wsie'   'PPF Calculator'   'Eligibility to Submit 15G/15H '   'Calculate PPF Withdrawal Amount'   'Fillable Pay In Slip - Auto Amount in Words & Cash Details & '   'Hindi English Translation Practice Exercises'   'SSY Calculator'   'Flexi Fixed Deposit Calculation - Interest/TDS'   'Know Current FY PPF Interest Amount'   'Bankers Expected DA'    'Pensioners Expected DA'   'PPF vs Recurring Deposit'   'Crorepati Calculator'   'Calculate RD/FD Maturity Value'   'Challan 280 (In Fillable Format)'   'Compare Two Loans Interest Payment'   'Letter Writing Helping Sentences'   'English Confusing Words'   'Calculate Your PPF Due Date'   'List of Bank Holidays Statewise'   'Cash Totalling & Tally Cash Position'   'Nifty Bank Date wsie from 15000'   ' PPF Scheme Features'  
Share This Page with Friends / Groups On
View Today - Observances View Today - Observances
Home>> Income Tax >> You are Here

Benefits available to Salaried Persons under Income Tax Act

C. Deduction from salary

S.No.ParticularsBenefits
1Entertainment Allowance received by the Government employees (Fully taxable in case of other employees)
U/S 16 (ii)
Least of the following is deductible :
a) Rs 5,000
b) 1/5th of salary (excluding any allowance, benefits or other perquisite)
c) Actual entertainment allowance received
2Employment Tax/Professional Tax.
U/S 16(iii)
Amount actually paid during the year is deductible. However, if professional tax is paid by the employer on behalf of its employee than it is first included in the salary of the employee as a perquisite and then same amount is allowed as deduction.
HomeContactPrivacy