Answered step by step
Verified Expert Solution
Question
1 Approved Answer
20 ILLUSTRATION 52 Miss Deepika is employed with a software company at Hyderabad. She received follos incomes during the year ending 31-3-2015. Calculate her income
20 ILLUSTRATION 52 Miss Deepika is employed with a software company at Hyderabad. She received follos incomes during the year ending 31-3-2015. Calculate her income from salary. Basic salary - 15.000 p.m. D.A. (forming part of pay for superannuation benefits)30% of basic salary. She gets house rent allowance at the rate of ? 2,000 p.m. She pays a rent of 2.500 pm She is provided with a car of 15 lt capacity engine with driver which was used party official and partly for private purposes. The employer also paid her health club expenses amounting to 37,000. Ration bill of employee paid by the employer 20,000. She was provided with air ticket by her employer for her private journey 3,000, She took advance salary of 2 months. She contributes 20% of salary to a recognised provident fund and her employer contribute same City compensatory allowance provided to her 1,500 p.m. She made a purchase of 15,000 from her credit card, the company provided the same
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started