31 July 2011
PLEASE ANSWER WITH IN TWO DAYS OR U CAN MAIL ME AT RASHMI.KALINDI@GMAIL.COM
Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following details relating to the financial year 2010-11 : (i) Gross salary ` 1,25,000; (ii) Medical expenditure for treatment of G directly paid by the employer to a private practitioner ` 25,001; (iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital, approved by the Chief Commissioner of Income Tax ` 50,000 (iv) Reimbursement of medical expenses incurred by G, for his son, not dependent on him, ` 10,000; son was suffering from a prescribed disease under Rule 11DD and was treated in a hospital approved by the Chief Commissioner; (v) Expenditure on G’s father, dependent on him, in USA and stay expenses of G’s father and brother but reimbursed by the employer fully ` 2,50,000; (vi) However, RBI granted permission for the foreign exchange of ` 2,30,000 (vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the employer ` 1,00,000 (viii) Income from other sources `44,999.
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