300 p.
450 p.
interest on such provident fund. Une months away
basis. Travelling allowance for a tour is exempt u/s 10(14)(i).
30. On the basis of the following information compute the taxable income of X under the he
"Salaries for the Assessment Year 2019-20:
50,000 p.
Basic salary
12,000 p.
Dearness allowance
Entertainment allowance
Hill area compensatory allowance
Tribal area allowance
350 pp
His own contribution towards statutory provident fund
4,000 p.)
Employer's contribution
4,000 p
House rent allowance
10,000 pl
Interest credited to provident fund
26,500
X is an officer of the forest department of the Government of U.P. He is employed at a pl
at a height of 1,100 metre above the sea level. He is paying 12,500 p.m. as house rent.
Ans. 7,37,600.
Note : Hill area allowance, exempt 300 p.m., Tribal area allowance, exempt 200 p.m.
1. Mr. Atul a District Magistrate of Agra. He is living in a furnished bungalow provided by
Government free of rent. His salary is 65,000 per month. The rent of unfurnished bung
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