Raj an employee of the Central Government claims the benefit of lower slab rate tax under section 115BAC. His Basic Salary is ₹25,000 p.m. and entitled to ₹1,500 p.m. as entertainment allowance. He is entitled to deducti
CS Executive · Tax Laws · PYQS · December 2022
Raj an employee of the Central Government claims the benefit of lower slab rate tax under section 115BAC. His Basic Salary is ₹25,000 p.m. and entitled to ₹1,500 p.m. as entertainment allowance. He is entitled to deduction under section 16(ii) from gross salary in respect of entertainment allowance for assessment year 2022-23 is:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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