Question

Smt. Renu is an employee of the Ambuja Company, Kolkata since 1st April, 1998. She has been

fixed in the grade of Rs. 72,000-3,800-1,10,000 since January 2018. She gets 30% of basic pay as

dearness allowance (Which is considered as pay for retirement benefits), Rs. 4,000/- p.m. as

entertainment allowance and Rs. 4,500/- p.m. as travelling allowance. She has also received Rs.

800/- p.m. per son as education allowance and Rs. 1,400/- p.m. per son as hostel allowance to

meet the cost of education of her three sons. She has been continuously getting entertainment

allowance from the date of joining service. She has been provided by the company a rent-free

unfurnished accommodation, the fair rent of which is Rs. 1,00,000/- p.a. The company has

provided her to reimburse own medical expenses and during the financial year 2018-19 the

company paid her in this connection Rs. 44,900/-. The expenses were incurred on treatment by a

private doctor.

She and her employer each contributed @ 10.5% in the Recognized Provident Fund. She paid

during the financial year 2018-19 for travel in respect of official work Rs. 28,000/- as bus fare to

the Roadways Corporation. Determine her taxable income under the head ‘Salaries’ for the

assessment year 2019-20. ​

Answer 1

Answer:

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