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Sudhir Shukla (Querist)
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17 January 2014 mrs x age 29 is a part time lecturer in a college of the Delhi University. the details of the salary and other income for the previous year 13-14 are as follows: basic salary 260000 annually D.A (forming part of salary) 52400. Education allowance for two children (expenditure being 600) 3600. Hostel expenditure allowance for one children (expenditure being 7000) 6800. House rent allowance 80800. Remuneration from Calcutta University for acting as examiner 62180. Allowance for research which is to be completed during January-April 2014 (actual expenditure incurred for completing the research : Up to March 31, 2014 : 1500 ; during April 2014 : 3000) 6000. She is a member of statutory provident fund to which she contributes 12%of her salary and similar amount is contributed by the college. Besides, the college reimburses 21000 being expenditure incurred by Mrs. X on medical treatment of her daughter in a private clinic. During the year, she spent 700 on the purchase of books for her teaching purpose. She has maintained a scooter for the whole year for office as well as private purposes. She has been living in a rented house and paying 9000 per month as rent. For the year 2013-14,she paid 6500 as insurance premium on her life policy for 40000 (date of payment : April 3, 2014). Compute the total income and tax liability for the assessment year 2014-15. ... Ans : total income - 353030 ; tax - 13700

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 January 2014 Dear Sudhir,

it is advised that you should try and solve these problems on your own and only bother to ask queries on points where you get stuck.

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