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a) Compute Income from sa of Mr. Ram from the following information Basic Pay Rs. 18,000 m. D.A. 15000 p.m. Bonus Rs. 10,000 Medical Allowance:
a) Compute Income from sa of Mr. Ram from the following information Basic Pay Rs. 18,000 m. D.A. 15000 p.m. Bonus Rs. 10,000 Medical Allowance: 2000 p.m. and wildren's Education allowance: 500p.m. (for two children) Rent free accommodation is provided and its rent is paid by Employer Rs. 48,000 p.a. The cost of furniture is Rs.40,000 Employer contributes Rs. 36,000 p.a. towards contribution to RPF. Interest credited as Balance SPF @ 14% Rs.14,000 provisioned Tax paid by Employer 1200 p.a. OR
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