Less exempted upto least of following Actual Received 24.000 ( Rent paid -10% of salary 140.000 - 6.0001 34.000 (iii) 40of salary 24.000 Least is 24.000 NIL Gross Salary Deductions u/s 16 Salary Income NIL 1.12.200 159 600 pm 4.000 p in 10 p.ro ILLUSTRATION 40 Mr. Als working with two spoployers smultaneously and submit the following particulars of his income for the year ending on 1.3.2015 From ABC UL. From XYZ 7 Salary 10.000 pm 2000 m DA 5.000 12.000 Bonus Conveyance Allowance 2.000 pm He spends 60% of conveyance allowance received from Ist employa and 10 of such mount received from 2nd employer for employment purposes. He joined service with ARC Lin 1983 and since then he has been receiving 400 pm, as Entertainment Allowance Me ABC IM has provided him rent free house at Chennai for which it pays rest of 4.000 p m Services of pandomer have also been placed at the disposal of Mr. A for which company is paying?800 pm. The house has been furnished with all items conting? 1,00.000 Compute his gross salary