Question
Mr. Dasgupta receives the following emoluments from his employer. Determine his salary income and tax payable. - 1. Basic salary Rs.30000 p.m 2. DA
Mr. Dasgupta receives the following emoluments from his employer. Determine his salary income and tax payable. - 1. Basic salary Rs.30000 p.m 2. DA 40% of basic 3. CCA Rs.1000 p.m 4. HRA-Rs.56000 ( actual rent paid Rs.50000) 5. Entertainment allowance - Rs.1000 p.m 6. Bonus & commission - Rs.175000 7. Car with driver 8. A servant with salary of Rs.1000 p.m paid by the employer 9. Free lunch Rs.12000 23 23 10. Credit card payments made by employer - Rs.20000 11. Payment of electricity bills - Rs. 15000 12. Laptop Rs.30000 13. Mobile phone for official and personal use - Rs.18000 14. Conveyance allowance - Rs. 20000 (actual spent - Rs14500) 15. Research allowance - Rs.20000 ( actual spent - Rs. Nil)
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
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