If an NRI wants to remit cash from India to USA for savings purposes and family maintenance does form 15CA and 15 CB is to file compulsory.And how to file it.Which part of form 15 CA should fill
Mr. Ankit sharma is employed in a govt. collage. He receives salary of Rs 20000 per month, dearness allowance 20% of salary, house rent allowance Rs.4000 per month. Employer also paid his telephone bill of Rs 6000. He paid house rent Rs 5000 per month. He was provided a car with an engine capacity of 1600 CC for his office use. He also gets facility of a servant who has been appointed by Mr. Ankit sharma himself. Salary of servant is Rs. 1000 per month which is paid by the employer. Compute his taxable salary for the assessment year 2017-18. Plz send its solution Its urgent . Please..
1. Basic Salary (20000×12)=2,40,000 2. Dearness Allowance (240000×20%)=48,000 3. House Rent Allowance received (4000×12)=48000 Less:Exempt U/S 10 (13A) a. Actual Rent Received (4000×12)=48000 b. 50% of Salary (Assume leave in mumbai) 50% of( 240000+48000)=144000 c. Rent Paid - 10% of Salary (5000×12)-10%of (240000+48000)=31200 exempt u/s 10 (13A) is lower of above a, b, c i.e. 31,200 hence Taxable HRA (48,000-31,200)= 16,800 4. Telephone Bill paid by employer is not taxable perquisite =6000 5. Taxable Perquisite for providing motor Car facilities assuming motor car is used partly for personal and partly for business and also expense on maintainence is born by employer 2400×12=28,800 if Driver is also provided then taxable perquisite 900×12=10,800
Thus total taxable income for A.Y. 2017-18 is 3,44,400/-.