Accountancy, asked by dinkyjain1908, 3 months ago

21. Mr. X is employed at Hyderabad at a Basic Salary of Rs. 25,000

p.m. and he is also getting following allowances.

Rs.

Dearness allowance 2,000 p.m.

Lunch allowance 1,000 p.m.

Education allowance at Rs. 200 p.m. per child for three children

Hostel allowance to one child 500 p.m.

Overtime allowance 2,000 p.m.

City compensatory allowance 600 p.m.

Entertainment allowance 2,000 p.m.

Find out his Gross Salary Income.

Answers

Answered by lodhiyal16

4

Answer:

Explanation:

Basic salary ( 25000 * 12) = 3,00,000

Dearness allowance = 24000

Lunch allowance = 12000

Education allowance = 2400

Overtime allowance = 24000

entertainment allowance = 24000

Salary income chargeable to tax =

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