ILLUSTRATION $58$

Mr$.$ Vishesh Singh is an employee in a private company in Mumbai and is receiving :

$($i$)$ Salary $($Due on last day of every month$)$

$60,000$ p$.$m$.$

$($ii$)$ D$.$A$.($Enters$)$

$60\%$ of salary

$($iii$)$ Holiday trip Allowance

$12,000p.a.$

$($iv$)$ Entertainment Allowance $4,000$ p$.$m$.$

$($v$)$ House Rent Allowance upto $30-9-2022$

$12,000$ p$.$m$.$

$($vi$)$ Rent free accommodation was provided to him w$.$e$.$f$.1-10-2022.$ The employee was living in a hired accommodation for which he paid the rent @ $12,000$ p$.$m$.$ The same accommodation was hired by employer at a rent of $13,000$ p$.$m$.$ and given to employee w$.$e$.$f$.1-10-2022.$ The cost of furnishing of accommodation amounted to $90,000.$

$($vii$)$ Employer's contribution to R$.$P$.$F $12,000$ p$.$m$.$

$($Same amount is contributed by Mr$.$ Vernish$)$

$($viii$)$ He has also been provided with two small cars i$20$ and Maruti Swift which he uses both for private as well as official purposes. Expenses incurred on cars during P$.$Y$.$ :

$\backslash$table$[[,$Car $($i$20),$Car $($Swift$)],[,,$