6 Points
Joined March 2021
mr.x is employed in Bharat paper company at 24000 per month . he is a member of recognised provident fund to which he and his employer contributes 14 % of his salary . during the year he was given credit of 8400 as interest on the provident fund balance of 80000 . calculate the taxable amount of annual accretion to be included in his income under the head salaries for the assessment year 2020-21