INCOME FROM SALARIES
NUMERICAL QUESTIONS
131
> Long Numerical Questions
Mr. X is employed in a Company at 15,000 per month. He is a member of recognised provident
fund to which he and his employer contributes 15% of his salary. During the year he was given
credit of * 12,000 as interest on the provident fund balance of = 1,00,000. Calculate the taxable
amount of annual accretion to be included in his income under the head "Salaries'.
Ans. 7,900.
bre
(4.1)
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Explanation:
INCOME FROM SALARIES
NUMERICAL QUESTIONS
131
> Long Numerical Questions
Mr. X is employed in a Company at 15,000 per month. He is a member of recognised provident
fund to which he and his employer contributes 15% of his salary. During the year he was given
credit of * 12,000 as interest on the provident fund balance of = 1,00,000. Calculate the taxable
amount of annual accretion to be included in his income under the head "Salaries'.
Ans. 7,900.
bre
(4.1)
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