Mr. Rakesh who is working with Reliance India on a basic salary of Rs 1,45,000 has provided the following information: - i Dearness allowance 20% of the Basic Salary (80% for the retirement benefit) ii Lunch allowance Rs. 65,000 iii Warden Allowance 18000 per month iv Medical allowance Rs 35000 (90% expenses was incurred on treatment of a son) v He and his Employer contributes 18% of the salary for the recognized provident fund vi Uniform allowance Rs 13000 (10000 was the actual expenses) vii He has been provided a rent free furnished house in Kanpur furniture costing Rs 200000 was also provided for which the employer has charged 10% of the basic salary. viii He has been provided a small car, the car is used for partly for the official and partly for the personal purpose and the all the running expenses are borne by the employer ix He has been provided a Sweeper and Watchman facility for which the employer has paid then Rs 25000 x His income from the house property is Rs 250000 xi He has paid a tuition fees of His child amounting Rs 30000 Calculate the total Income and tax liability of Mr. Rakesh under the old regime for the Assessment Year 2021-22
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Mr. Rakesh who is working with Reliance India on a basic salary of Rs 1,45,000 has provided the following information: - i Dearness allowance 20% of the Basic Salary (80% for the retirement benefit) ii Lunch allowance Rs. 65,000 iii Warden Allowance 18000 per month iv Medical allowance Rs 35000 (90% expenses was incurred on treatment of a son) v He and his Employer contributes 18% of the salary for the recognized provident fund vi Uniform allowance Rs 13000 (10000 was the actual expenses) vii He has been provided a rent free furnished house in Kanpur furniture costing Rs 200000 was also provided for which the employer has charged 10% of the basic salary. viii He has been provided a small car, the car is used for partly for the official and partly for the personal purpose and the all the running expenses are borne by the employer ix He has been provided a Sweeper and Watchman facility for which the employer has paid then Rs 25000 x His income from the house property is Rs 250000 xi He has paid a tuition fees of His child amounting Rs 30000 Calculate the total Income and tax liability of Mr. Rakesh under the old regime for the Assessment Year 2021-22