Mr. Srikant has two sons. He is in receipt of children education allowance of
150 p.m. for his elder son and 70 p.m. for his younger son. Both his sons
are going to school. He also receives the following allowances:
Transport allowance
1,800 p.m.
Tribal area allowance
500 p.m.
Compute his taxable allowances,
Answers
Answered by
0
Answer:
this question is not complete
Answered by
1
Answer:
Mr. Srikant
Computation of total taxable allowance
Children Education Allowance :
elder son: 150*12=1800
less: exemption:100*12=1200 600
younger son: 70*12 =fully exempted
transportation allowance 1000*12 12000
exemption only provided to deaf blind and handicapped
tribal area allowance 500*12= 6000
less exemption 200*12 = 2400 3600
total taxable allowance is 600+12000+3600= 16200
Explanation:
Similar questions