7. Raman is employed as an Engine Driver in Indian Railways. He is getting * 15,000 p.m. as Basic pay; * 2,500 p.m. as dearness pay and * 2,500 per month as dearness allowance. During 2020-21, he received the following allowances also : (i) 16,500 as Running allowance. (ii) 7200 p.m. per child as educational allowance for his two children. (ii) One of his sons is staying in a hostel on which Raman is spending * 800 p.m. He is getting 500 p.m. for his son as hostel allowance for meeting this expenses. (iv) 250 p.m. as C.C.A. (v) * 400 p.m. as uniform allowance fully spent for employment purposes. (vi) 72,500 p.m. as H.R.A. He pays 3,000 p.m. as rent to the house owner. Compute his Taxable Salary for the Assessment Year 2021-22. 10
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Raman is employed as an Engine Driver in Indian Railways. He is getting * 15,000 p.m. as Basic pay; * 2,500 p.m. as dearness pay and * 2,500 per month as dearness allowance. During 2020-21, he received the following allowances also : (i) 16,500 as Running allowance. (ii) 7200 p.m. per child as educational allowance for his two children. (ii) One of his sons is staying in a hostel on which Raman is spending * 800 p.m. He is getting 500 p.m. for his son as hostel allowance for meeting this expenses. (iv) 250 p.m. as C.C.A. (v) * 400 p.m. as uniform allowance fully spent for employment purposes. (vi) 72,500 p.m. as H.R.A. He pays 3,000 p.m. as rent to the house owner. Compute his Taxable Salary for the Assessment Year 2021-22. 10
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