Question

39. Sri. Sudheer is an officer in a company at Mumbai. He furnished the following particulars
regarding his income for the year 2019-20.
Net salary +3,00,000 which is after deducting 310,000 for income tax, * 20,000
contribution to RPF, rent of residential accomodation 3,600 and tax on employment
5,000 (for two years)
Bonus * 10,000 Travelling allowance for tour15,000
Reimbursement of medical bills 2,500 (Treated in a private hospital)
He lives in a bungalow belonging to the company. (Fair rental value 4,000 per month.)
The
company has provided the facility of a gardener and a cook each being paid salary
of 1,500 per month and 2,000 per month respectively. The company paid in
respect of this bungalow 6,000 for electricity bills and 3,600 for water charges.
The following amounts were deposited in his recognized provident fund account
Own contribution 15,000, company's contribution 15,000. Interest at 8.5% p.a.
*2,100. Compute income from salary
[Ans. 33,96,390]
[Traveling allowance not taxable, salary for RFH33,48,600]​

Answer 1

Answer:

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Explanation:

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