Question

Mr. Basnet is an employee of Nepal Goverment has submitted the following particulars of
his incomes and expenses of previous year.
Net annual salary received Rs. 442,000 after deducting his own contribution to
provident fund Rs. 48,000 and income tax at source of Rs. 30,000 and including
Dashain expenses equal to one month salary.
• Saving from TADA Rs. 50,000.-
Deamess allowance Rs. 2.000 p.m.
His employer contributed an equal amount to the provident fund.
Local allowance Rs. 2,500 p.m.
Medical allowance Rs. 60.000 (actual medical expenses was Rs. 70,00).
Life insurance premium paid by employer on behalf of Mr. Basnet was Rs. 30,000 on
the insured sum of Rs. 300,000.
Mr. Basnet had spent Rs. 50,000 for tuition fees of his son.
Office has provided him accommodation and vehicle facility
He has purchased professional books for his own purpose of Rs. 50,000
Office has provided him a household servant whose salary was Rs. 5,000 p.m. (Office
has deducted Rs. 3,000 p.m. from his salary income.)
He donated Rs. 10,000 to a government school.
He received dividend Rs. 19,000 (net) from a bank.
equired:
Net Assessable Income from Employment
Statement of Taxable Income
[7+1+2=10]
Tax payable amount of Mr. Basnet​

Answer 1

Answer:

Saving from TADA Rs. 50,000.-

Deamess allowance Rs. 2.000 p.m.

His employer contributed an equal amount to the provident fund.

Local allowance Rs. 2,500 p.m.

Medical allowance Rs. 60.000 (actual medical expenses was Rs. 70,00).

Life insurance premium paid by employer on behalf of Mr. Basnet was Rs. 30,000 on

the insured sum of Rs. 300,000.

Mr. Basnet had spent Rs. 50,000 for tuition fees of his son.

Office has provided him accommodation and vehicle facility

He has purchased professional books for his own purpose of Rsggggsgsgsgsns#n-bbbsbsbssbsbsbsbsbvdvd