Question

Exemptes
60,000 pom
10.000 p.m.
72,000
10,000
80,000
60,000
14% of salary
2,000 P.A.
p.m.
15,000
8,000
13,000
Mr. Ghosh is the Chairman of Indian Tobacco Co., Ltd., Kolkata [Population above 25 lakhs). His salary and
The company has provided Mr. Ghosh a big car (1.8 lt, capacity) which is used by him both for official and
personal purposes. The entire running and maintenance cost amounting to 45,000 for the year has been
met by the company. His two children are studying in Doon School Dehradun the education expenses during
He has also been given a spacious bungalow free of rent. The company owns the bungalow. The fair rental
There is a swimming pool inside the bungalow compound the maintenance cost of which came to 20.000
The garden inside the compound wall is maintained by the company. The gardener is paid a salary of
The chairman has also been provided with a security and a sweeper whose salaries ammouring
Determine salary income and also the perquisite value of the rent-free bungalow in the hands of Mr. Ghos
lints : Value of rent free house * 1,75,800; Car perk is taxable; Gross salary * 15,49,400; stand
[Hints : Value of rent free
2,400, Qualifying amount deduction u/s 800
d. No. 34
other particulars for the year ending 31-3-2020 are as follows:
Salary
D.A. (not considered for retirement benefits.)
Bonus for the year
925-Arrears of earlier year's bonus T
ondean
Commission on profits for 2019-20
Advance salary for April 2020 drawn in March 2020
Employer's contribution to recognised provident fund
Profession tax paid by the company
Income tax paid by the company
Electricity bills for the year paid by the company
Fees for attending board meetings of other companies.
the year being 40,000 fully met by the company.
value of the bungalow is 18,000 p.m.
for this year. The company met it.
1,000 p.a. The maintenance cost came to * 6,000 during the year.
to 1,600 p.m. and 1,600 p.m. have been paid by the
The entire bungalow is richly furnished with furniture costing 4,50,000
4407 4001​

Answer 1

what's with the miles long question which I'm not even gonna bother to read ,dude

don't expect proper answer to such long questions for very little points