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Mr. Niranjan is working in a private firm on monthly salary of 89,000, he also gets 113% of salary as dearness allowances (57% forming part
Mr. Niranjan is working in a private firm on monthly salary of 89,000, he also gets 113% of salary as dearness allowances (57% forming part of retirement benefits) and house rent allowance of 11,500/-p.m. He stays in a rented house at Noida and pay 7,800/ p.m. as rent. He earned leave balance of 480 days and leave availed 120 days and received earned leave encashment of 3,50,000/- from his employer. during the previous year 2021-22, he invested in mutual fund (ELSS) 1,05,000/- fixed deposit with Indian Post Office 85,000 and also having NPS contribution of his own 70,000. From the given information compute the taxable income of Mr. Nirnajan for the year ending on 31st March 2022
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