baleshwar got some assurance from a railway employee.what was that
Answers
Illustration 24: Sh. Vinod is working in a company at Kolkata as Finance Manager. From
the information given below, find out his taxable salary for the AY 9020-21. Basic salary * 45.000
pm: dearness allowance 8,000 pm (60% considered for retirement benefits): commission
24.000 pm: house rent allowance 6.000 pm; medical allowance 2.000 pm; tiffin allowance
35,000 pm: entertainment allowance R2,000 pm, and telephone allowance 1,000 p.m.
He resides in a rented accommodation paving a monthly rent of 8,000. With effect from
11.2020, he was provided a rent free unfurnished house by the company. HRA was discontinued
the same day.
Tie and his company each contribute 15% of salary to RPF. Interest credited during the
year to RPF 29.5% is 60,000.
He paid LiG premium of 5,000 each on the life of his son and married daughter.
NS
tien