working at Trichy (population more than 4 lakhs).
of Rs. 50,000 or salary Income.
(a) Salary Rs. 12,000 p.m.
(b) DA Rs. 1500 p.m.
(c) Rent fee accommodation whose fair rental value is Rs. 80,000 p.a.
(d) Employer's contribution to RPF 14% of salary.
(e) Interest on PF balance @ 13% p.a Rs. 3,900.
(f) Professional tax paid Rs. 2,000.
(g) Medical allowance received Rs. 500 p.m.
(h) Arrears of Salary Rs. 13,200.
[Madras, B.Com., April 2010
[Ans : Gross salary: Rs.1,96,380; Taxable salary Rs. 1,44,380
12,000 × 12 + 1,500 × 12 + 11,250 + 2,880 + 1050 + 500 × 12 + 13,200 -- 52,000
Tint: (1) RFA value is 11,250 (7.5% of salary).
(2) Professional tax is assumed to be paid by Ramesh.
(3) Standard deduction is least of Rs. 50,000 or salary income.
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