Compute gross salary of Mr.X from the particulars given below for the Previous year 2019-2020. (a) Net salary received Rs. 82,000 (b) Income tax deducted at source Rs. 4,000. (c) Professional tax Rs. 1,200 (d) Group insurance premium deducted by employer Rs. 1,200 (e) Rent of house deducted out of salary Rs. 3,600 (f) L.I.C. premium paid by employee Rs. 6,000 (g) L.I.C. premium paid by employer Rs. 6,000.
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The following particulars related to the income of Sri M. Mehta for the previous year 2019-20. He is employed in a cotton textile mill at Bangalore on amonthly salary of k25,000 p.m. He is also entitled to commission@ 1% of the sles achieved by him. The sales achieved by him during the previous year is 40,00,000. He received the following allowances and perquisites during the previous year: (
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