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Mr. X is an employee of a private limited organization. He received followings from his employer in addition of the pay during 2020: Overtime 60,000
Mr. X is an employee of a private limited organization. He received followings from his employer in addition of the pay during 2020:
- Overtime 60,000
- Commission 70,000
- Bonus 35,000
Further Information shows that:
Basic Salary of Mr. X was Rs. 600,000 but he has received Rs. 650,000 during Tax Year 2020 out of which Rs. 50,000 were previous years arear.
Mr. X has a personal Driver, salary of the same was Rs. 72,000 per year which was paid by Mr. X.
Required:
Calculate the taxable salary income of Mr. X for tax year 2020. (07)
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