Question
Mr. Ahmed is a system engineer of a reputed company in Sylhet. His income and other particulars of the year ended on 30th June, 2019
Mr. Ahmed is a system engineer of a reputed company in Sylhet. His income and other particulars of the year ended on 30th June, 2019 were as follows: Basic salaries per month Tk. 50,000 Dearness allowances 20% of basic salary Festival bonus equivalent two months of basic salary Fees and commission Tk. 5000 Contribution to recognized provident fund 10% of basic salary House rent allowance Tk. 360000 Conveyance allowance Tk. 40000 Medical allowance Tk. 30000 Entertainment allowance Tk. 20,000
Calculate the taxable income from salary of Mr. Ahmed for the assessment year 2019-2020.
Step by Step Solution
3.39 Rating (149 Votes )
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
Students also viewed these General Management questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App