Question

Mrs. Ankita Roy, a resident Indian, has furnished the following particulars. Compute her Income from salaries for the Assessment Year 2020-21. (i) She was appointed on 1st January, 2017 in the scale basic pay.. (ii) Dearness allowance received 50% of (iii) Project allowance received 10,000. (iv) Professional tax deducted at source 900. (v) She is provided with a rent-free furnished accommodation at Kolkata for which her employer pays a rent of ₹ 2,000 p.m. The employer has provided her furniture costing 30,000. (vi) Mrs. Roy receives 500 every month for car allowance. She spent on an average 1,200 p.m. In the purpose of running of the car, 60% of that expenses is utilised for employment purpose. Ans. : Income from Salaries 3,16,850. 18,000-300 - 24,000.​

Answer 1

Explanation:

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