Mr. X is an employee of a private sector company based at Chennai. Calculate his taxable
salary income from the following information.
1. Basie salary Rs. 20.000 per month
2. Bonus Rs. 10000
3. Commission on sales Rs. 5000
4. City compensatory allowance Rs. 300 per month
5. Dearness allowance Rs. 4000 per month (50% enters for service benefit)
6. Children Education allowance for his three children Rs. 300 p.m. per child for three
children
7. Entertainment allowance Rs. 500 per month
8. He is provided with a rent free house at Chennai. Cost of furniture provided is Rs
40000. Hire charges of furniture Rs. 1000.
9. Professional tax paid by employer Rs. 1000
10. Car of 1.8 litre is provided for personal and official use. Drivers wages Rs. 4000.
Expenses of running and maintenance are met by employer
11. Free services of a watchmen at a salary of Rs. 7200
12. Free services of a cook at a salary of Rs. 3.600
13. Interest credited to RPF at the rate of 14.5% Rs. 8700
14. Conveyance allowance Rs. 8000. Actual amount spent is Rs 7000
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hi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helpshi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helps
hi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helps
hi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helpshi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helps
hi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helpshi
go to google
Copy and paste the question
you will get answers
Mark me as brainiest
Hope it helps