Question

Mr Kashyap received basic salary of ₹ 20,000 p.m. from his employer. He also received children education allowance of ₹ 3,000 for three children and transport allowance of ₹ 1,800 p.m. The amount of salary chargeable to tax for P.Y. 2019-20

Answer 1

Explanation:

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Answer 2

Answer:

2,12,200

Explanation:

Salary = 20,000 x12 = 2,40,000

Children allowance upto 100rs per child per month for 2 children = 3000 - (2 × 100 x 12) = 3000 - 2400 = 600

Transport = 1800 x 12 = 21,600

Less : Standard deduction = 50,000

Answer = 2,40,000 + 600 + 21,600 - 50,000 = 2,12,200