CES NIL 7,000 NIL 5,000 12.000 Interest on National Relief Bonds (Exempted) Interest on Govt. securities Dividend-Exempted Race winnings Gross Total Income Deductions u's 80 U/s 80C : U/s 80 G : (Donation to Bombay University) Donations 2,500 Q.A. = 2,500 @ 100% 67.614 4,000 2,500 6,500 Total Income 61.114 ZI Rounded off to 61,110 Notes: Amount of sales tax paid after 31-7-2015 cannot be allowed u/s 43B. ILLUSTRATION 8 Smt. Sakshi Dutta employed as a manager in a company at Mumbai [Population above 25 lakhs] provides the following details of her income for the year ended 31st March, 2015. (a) Salary @ 25,000 per month. (6) Dearness Allowance @ 10,000 per month (It enters for service benefits). (c) Bonus equal to 4 months' salary. (d) Entertainment Allowance @ * 3,000 per month. (e) Provided with an unfurnished accommodation the fair rental value of which is 5,000 per month. Hospitalisation expenses (self) in a private hospital (unapproved) 25,000 borne by employer. (8) Her contribution to recognise provident fund @ 14% of salary. Employer contributed an equal amount. Interest credited to provident fund @ 11% is * 2,200 (h) She encashed two months' leave (including D.A.) during the year. (1) Interest on Government securities 13,000. (1) Interest received from Post Office Saving Bank Account * 2,000 (Single name account). (k) She lets out her house property at Delhi @ 3,000 per month. She could not realise the rent for the months of January and February. The municipal valuation of the house is 33,000. Municipal taxes paid @ 10% (1) She sold one house for * 2,30,000 on 1-4-2014. This house was purchased by her on 15th May. 1985 for 30,000. (m) She sold another house on 20-4-2014 for 1,27,800. This house was purchased by her for 45,000 on 1-5-2012. [C.I.I. for 1985-86 133, for 2012-13 : 852 and for 2014-15: 1024) (n) Income from Units of UTI 8,000. (0) Deposited in National Saving Scheme, 1992, 15,000. (p) Donation to National Defence Fund 5,000