10,000 Bonus Fees 5.000 Allowances Dearness allowance 36,000 x 60% 21.600 Entertainment Allowance 12.000 6,000 - 2.400 3,600 37,200 Education Allowance Gross Taxable Salary 1,12,200 In above illustration, how shall answer differ if the property is situated in a city where population is only 14,60,000. Taxable value of rent free accommodation for the A.Y.2019-20 Taxable value Particulars Basis of determination of Perquisite Owned by employer 11.220 10% of Salary (as per the above working) 15% of Salary or Actual rent paid by employer, whichever is lower Hired by employer 10.800 ILLUSTRATION Miss Stuti has the following salary structure: s14 a) Basic salary 15,000 p.m. b) Dearness Allowance 5,000 p.m. (not forming part of retirement benefit) c) Hostel Allowance 1,000 p.m. (does not have any child) d) Tiffin Allowance 500 p.m. e) Transport Allowance 200 p.m. f) Bonus 20,000 p.a. g) Commission 15,000 p.a. h) Free refreshment in office worth 5,000 p.a. i) Mobile phone facility by employer 900 p.m. j) Computer facility worth 10,000 p.a. She has been provided a Rent-free Accommodation (owned by employer) in Kolkata. The house was allotted to her with effect from 1/5/2018 but she could occupy the same only from 1/6/2018. Find her gross taxable salary