Question

Mr. X is an employee of Public Sector Bank. He is being transferred from his home station to Pune from July 1,2020. Mr. X ‘s salary package is as under:

Salary: Rs. 46,000 per month
Dearness Allowance: Rs.8,000 per month
House Rent Allowance: Rs.25,000 per month
Commission Received: Rs. 90,000 per annum
House Rent to be paid: Rs,21,000 per month
Alternatively, Mr. X was offered a house owned by the employer along with furniture whose original cost is Rs.100,000.

Please state with detailed calculation, among the two alternatives, which one will be beneficial to Mr. X from net earning perspective.

Answer 1

Answer:

when we multiple Mr x by his net income we find he is billionaire