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Income tax Q.NO.1.C Mr. Sarvesh resides in a rental accommodations from 1st April 2021 in Pune. He pays a monthly rent of Rs. 10,000 per

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Income tax

Q.NO.1.C Mr. Sarvesh resides in a rental accommodations from 1st April 2021 in Pune. He pays a monthly rent of Rs. 10,000 per month. His basic salary is Rs. 40,000 per month and Dearness Allowance is Rs. 20,000 per month. He is also entitled for commission at 5% on floating rate. During the year he received HRA of Rs. 8,000 per month. Calculate the Taxable HRA of Mr. Sarvesh. (5M

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