Mr. Kishore (an employee of HUF) furnishes the following particulars of his income for the financial
year 2014-15:
Net basic salary * 2,70,000 after deducting contribution to R.P.F. 30,000; Employer's
contribution to R.P.F. * 30,000; Interest on P.F. Account balance @ 9.5% p.a. Rs. 28,500;
Travelling allowance for tour 2,400; City Compensatory allowance + 10,000; Bonus * 15,000:
Entertainment Allowance 5,000.
Unfurnished house at Dharwar for which the employer pays * 7,500 p.m. as rent, but deduets
only 600 p.m. from his salary.
Free gas and electricity provided by the employer at a cost of * 500 p.m. The employer has
provided a small car for private and official purposes, expenses for private purposes are met
by Kishore. Compute his Taxable Salary for the assessment year 2015-16.
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