A Central Government Officer received during the year 2018-19 salary excluding all allowances of ₹9,00,000 and amount of entertainment allowance of ₹12,000 @ ₹1,000 p.m. The maximum amount of entertainment allowance so r

CS Executive · Tax Laws · PYQS · December 2019
A Central Government Officer received during the year 2018-19 salary excluding all allowances of ₹9,00,000 and amount of entertainment allowance of ₹12,000 @ ₹1,000 p.m. The maximum amount of entertainment allowance so received by him being exempt under section 16(ii) of the Act is __________ .
(A) 1/5th of salary
(B) ₹1,000 p.m.
(C) ₹5,000
(D) ₹10,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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