Entertainment allowance in case of government employee is _________________
A) Fully exempt
B) Fully taxable
C) Exempt up to certain limits mentioned in sec.16
D) First included in full in gross salary and thereafter deduction allowed from gross salary under section 16 (ii)
Correct Answer:
Verified
Q2: Un -commuted pension received by a Government
Q3: M.claimed the exemption of gratuity in the
Q4: Employee M is neither a government employee
Q5: Compensation received on voluntary retirement is exempt
Q6: M is entitled to children education allowance
Q8: Pension received by an employee of the
Q9: Children education allowance is _
A)Exempt upto lower
Q10: Leave travel concession is _
A)Exempt up to
Q11: M.has taken a house on rent and
Q12: Municipal valuation of the house is Rs.1,00,000
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