Calculate gross salary from the following details
Salary ₹ 30000 pm
DA ₹ 6000 pm
CCA ₹ 1000 pm
HRA ₹ 8000 pm
Commission on turnover achieved by him ₹ 40000
Situation
Living in own home
Living in a rented house at Delhi and DA enters into pay for service benefits and rent paid is ₹ 7000 pm
Living in a rented house at kanpur and DA enters into pay for service benefits and rent paid is ₹ 10000 pm
Answers
Step-by-step explanation:
a. salary (30,000×12). 360,000
D.A. (6,000×12). 72,000
CCA. (1000×12). 12,000
commission on turnover. 40,000
HRA. 96000
_______
580,000
b. HRA. 96,000
less:- exempted. 36,800
______. 59,200
_______
5,43,200
c. HRA. 96,000
less:- exempted. 80,000
_______. 16,000
_______
5,00,000