Question

19. X retires on June 30, 2020. He submits the following information:
Basic salary (since January 2020): Rs. 20,000 per month, dearness allowance: Rs. 6,000 per month. (1/3
of which is part of salary for retirement benefits), employer's contribution towards provident fund:
Rs.3,000 per month (X makes a matching contribution); interest credited at the rate of 15 per cent on
April 30, 2020: Rs. 7,500; pension after retirement: Rs. 10,000 per month; and payment of provident
fund at the time of retirement: Rs. 7,60,000 (out of which employer's contribution: Rs. 3, 30,000, interest
thereon: Rs. 44,000, X's contributions: Rs. 3,40,000, interest thereon: Rs. 46,000). Salary and pension
become due on the 1s' day of each month. X has deposited the entire provident fund payment with a
company (rate of interest: 9 per cent per annum). Find out the income of X for the Assessment year
2021-2022 on the assumption that the provident fund is
(a) Statutory provident fund;
(b) Recognised provident fund, or
(c) Unrecognised provident fund.
Td​

Answer 1

Answer:

asper wather na seal wather salona