if 15% of juneja's income is paid as rent and the rent is ₹ 6750. what is his total income?
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An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently introduced section 194IB in the Income-tax Act making it mandatory for a tenant to withhold taxes @ 5% on rental payments, over and above Rs. 50,000 per month and to deposit it within the prescribed time.
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Answer: Rent=15%
Rent=6750
Income=6750/15*100
=450*100=45000.
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