Question

25. Mr. B. R. Nalwaya was appointed in a Limited Company of Dewas in February 2018 in the
grade of * 4,500-200-7,500. His office hours are 9 A.M. to 2 P.M. He is getting car facility of
1.8 litre cubic capacity of engine. In the previous year 2019-20 this facility was availed to
him only for 5 months. Car is also used for his private affairs. All expenses relating to car
are borne by company. Mr. Nalwaya is also in part-time job during 4 P.M. to 7 P.M. from
where he gets lump-sum salary of 15,000 per annum and * 500 p.m. as car allowance. He
gets house rent allowance of + 400 p.m. from his first employer. He is also provided a
rent-free accommodation from his part-time employer whose rent*3,400 p.m is paid by the
employer. The part-time employer paid employment-tax of 7 300 on behalf of Mr.
Nalwaya. Compute taxable salary of Mr. Nalwaya for the assessment year 2020-21.
(Ans. : Taxable Salary + 50,090; Value of Rent-free House * 11,490, Value of Car * 12,000)
Note : For the valuation of rent-free house, salary shall include salary and all taxable allowances
from both the employers.
6 Smt Grover was emplovked in a SIDBT since 1.4 2010. Her salary was fixed at = 12 800 in​

Answer 1

Answer:

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