Question

Mr X submit the following information for the previous year 2019-20 salary income basic salary rs 41000 p. m dearness allowance 50%of basic salary children education allowance for his only child rs 300 p. m free use of employers motor car of 1000 cc both for personal and official works professional tax paid by him rs 150p. m he is provided with a house for which his employer pays rent of 2000 p. m income from profession rs 120000 bank interest on fixed deposit rs 8500 dividend from indian company rs 11000 life insurance premium on his own life rs 16000 deposited in ppf rs 10000 payment for health insurance premium rs 10000 compute total income and tax liability of mr X for the assessment year 2020-21 availing all the allowable deduction full answer​

Answer 1

Answer:

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Step-by-step explanation:

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