Question

Shri Amit was appointed in Mumbai in a factory on the post of Manager on 1" January, 2019. The
particulars of his income on 31 March 2019 are given below:
Basic Salary Rs. 46,000 PM
Dearness Allowance Rs. 4,000 PM (its 10% is included for retirement benefit)
Food Allowance Rs. 3,000 PM
Children Education Allowance Rs. 250 PM per child (for 03 children)
Rent free accommodation whose fair value rental value is Rs. 25,000 PM
Hire of AC provided in the accommodation Rs. 800 PM
Cost of other Furniture Rs. 60,000.
Compute Income from Salary of Shri Amit.

Answer 1

Answer:

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Step-by-step explanation: