Question

Aliser un de assignments
1.
Mr. X, the Accountant of a company has furnished the following particulars of his
income for the previous year 2019-20:
Rs.
Net salary after deduction of TDS and own
contribution to RPF and P. Tax
2,50,000
Tax Deducted at source
9.200
i) Own contribution to RPF
39.000
(iv) P. Tax
1,800
Employer's Contribution to RPF
39,000
(vi) Intcrcst on RPF credited to his account @ 10%
12.000
(vii) House Rent Allowance (Rent paid by him Rs. 50,000)
48.000
(viii) Children Education Allowance (For three Children)
36.000
(ix) A servant has been provided by the employer for him
The company paid Rs. 1,000 p.m. as salary of servant
(x) Life insurance premium paid by his employer
10,000
Compute the income from salary of Mr. X for the assessment year 2020-21.​

Answer 1

Explanation:

Aliser un de assignments

1.

Mr. X, the Accountant of a company has furnished the following particulars of his

income for the previous year 2019-20:

Rs.

Net salary after deduction of TDS and own

contribution to RPF and P. Tax

2,50,000

Tax Deducted at source

9.200

i) Own contribution to RPF

39.000

(iv) P. Tax

1,800

Employer's Contribution to RPF

39,000

(vi) Intcrcst on RPF credited to his account @ 10%

12.000

(vii) House Rent Allowance (Rent paid by him Rs. 50,000)

48.000

(viii) Children Education Allowance (For three Children)

36.000

(ix) A servant has been provided by the employer for him

The company paid Rs. 1,000 p.m. as salary of servant

(x) Life insurance premium paid by his employer

10,000

Compute the income from salary of Mr. X for the assessment year 2020-21.