Question

Ms. Dhatri (48 years) is a deputy manager in a Chennai based company. She gets Rs. 54,000 per month as salary. Besides, she gets child education allowance of Rs. 450 per month (for daughter) and Rs. 80 per month (for son). Cost of education is approximately Rs. 180,000 for the two children (out of which Rs. 136,000 is tuition fees paid by Ms. Dhatri). She also gets hostel expenditure allowance for her daughter at the rate of Rs. 300 per month (but the daughter is a post graduate student in Mumbai college and does not stay in any hostel). The employer company provides 1800 cc car for official and private purpose and incurs the entire expenditure on running and maintenance of the car. Personal use of the car as per log book is approximately 65 per cent. With effect from November 1, 2017 she gets driver (to whom the company pays Rs. 6,000 per month). The employer has provided an unfurnished flat at Anna Nagar. It is owned by the company (however, company pays Rs. 900 per month as maintenance charges to the society). The company maintains unrecognized provident fund and contributes 18 percent of salary towards it for each employee. Ms. Dhatri, however, contributes Rs. 8,000 per month. Her income from other sources is Rs. 308,000. Required: Find out the net income and tax liability of Ms. Dhatri for the assessment year 2018-19. Show the full workings of your answer.

Answer 1

um.................................................what??!! idk