Question

Question-5.<br />Mr. X who was an employee of PQ Ltd. Delhi, furnishes the following particulars regarding his income<br />for the financial year 2019-20.<br />Basic Salary<br />D.A.<br />H.R.A.<br />Rent paid by x<br />Rs.<br />5,000 p.m.<br />800 p.m.<br />1,000 p.m.<br />1,200 p.m.<br />He retired from service on 1.1.2020 after completing 25 years of service with the company.<br />The company paid him Rs. 84,000 as gratuity,<br />Rs. 2,40,000 (including Rs. 80,000 as interest) from unrecognized provident fund,<br />and pension @ Rs. 1,500 p.m. He got the half pension commuted on 1.02.2020 and received Rs.<br />75,000. The assesses average monthly salary for the last ten Salary and pension becomes due on the<br />last day of each month.<br />During the year he contributed Rs. 7,500 towards his provident fund. The employer also contributed<br />similar amount.<br />You are required to calculate salary Income.​

Answer 1

Answer:

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