Question

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,​

Answer 1

Answer:

this question is not complete

Answer 2

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: