Remuneration of Salary Elgibility
This query is : Resolved
KRISHNAMOORTHI.V
(Querist)
14 September 2010
Dear Sir ,
Please Calculated the Salary Elgibility Calculation
Partner Salary 1,20,000
Book Profit 1,75,684
How Should be Calculated Please help
Please Calculated the Salary Elgibility Calculation
Partner Salary 1,20,000
Book Profit 1,75,684
How Should be Calculated Please help
Aditya Maheshwari
(Expert)
14 September 2010
Book profit for 40(a) = 175684 + 120000 = 295684
Assumed old rates
90% of 1st 75,000 67,500
60% of next 75,000 45,000
40% of Balance Rs. 145684/- 58,274
remuneration allowable Rs. 170,774/-.
Since amount to be paid 120000/- fully allowed.
Assumed old rates
90% of 1st 75,000 67,500
60% of next 75,000 45,000
40% of Balance Rs. 145684/- 58,274
remuneration allowable Rs. 170,774/-.
Since amount to be paid 120000/- fully allowed.
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