I have sum queries frm head Salary.If u gt the anwer plz post is here fr the following:
(a) R wrks at jaipur in the pay scale of 6000-100-7000 since 1-2-2008.D.A. is 10% of his pay.Rs.150pm is medical allowance and rs. 300pm is conveyancve allowed receivd by him frm co.The co has givn him RFA since 1-7-2009.fair rent of house is 10000 p.a. co has incured follwing exp in respect of house from july09-march010
repairs Rs.2000,electricity bill rs. 350,water bills rs. 200,telephone bills rs.800.The electricity n water bills r in name of employer and telephone bill is in name of employee.On 1-10-2009 his conveyance allowance was stopped and he was given a motor car of 1.4 lts engine capacity fr both pvt n official purpose.All expenses of running and maintenance of car incl drivers salary are paid by co.he as well as co contributes 14.5% of his pay to recognised privident fund.interest credited during PY to hif rivident fund A/c 12.5%pa Rs.1250.Comput taxable income assuming dat he has nt spent conveyance allowance fr any oficial duty.further assume population of jaipur is above 25 lacs.
Ans is 106428 and im getting 111940
(b) R is employed vth a co. in delhi.He is in grade of 18000-500-22000-1000-30000 since 1-1-2001.He receives D.a. as 20 % of his salary and Rs. 5000pm as HRA.he has hired an house onmonthly rent of 6500.He contributes 17% of his salary and DA to recognised provident fund towards vch employer sontributes equal amt.he has been given a car of 1.6 ltr engine capacity vch is used by him fr his personal purposes also.the drivers salary and all other expenses relating to official use of car r incurred by employer.his personal gas and telephone bill Rs.1200 and Rs. 2000 have been paid by employer.comput taxable income.
Ans is 363660 and im getting 365100
CAclubindia
