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Old MathJax webview . 21 (170) Bonus-Basic salary of one month (iv) Commission 66,000 () Leave cncashment (relating to current year) 20,000 (V) He has

Old MathJax webview

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21 (170) Bonus-Basic salary of one month (iv) Commission 66,000 () Leave cncashment (relating to current year) 20,000 (V) He has engaged a helper at 2 1.200 p.m, and his employer pays him? 1.500 p.m. on this account (vi) Medical bills for ? 60,000 were re-imbursed in following manner : (a) of a notified hospital 3 22,000 (for notified disease), (b) of a private hospital 353,000, (viit) Mobile telephone bill of employee's wife paid by employer * 15,000. (ix) His employment tax paid by employer 2,500. (1) On 1-12-2014 he has taken a loan of 3,00,000 from his employer to purchases a car. Rate of interest is 795% p.a. Repayment of loan @ 5,000 p.m. is to start after 4 months from the date of taking of loan. Prescribed rate of interest by SBI as on 1-4-2014 is 10.95% (x1) He and his employer contribute 3,200 p.m. cach towards RPF. (xit) Interest credited on the accumulated balance of RPF @ 10% is 20,000. (riit) He received 320,000 as leave travel concession but has not travelled anywhere. (xiv) He has been provided with free use of a car of 1.8 IL C.C. Car is used partly for personal and partly for employment purposes. (xv) He has been provided with a rent free house owned by employer (FRV of House 8,000 p m.) alongwith facility of gardener costing employer 6,000 p.a. Furniture casting 31,00,000 (W.D.V. 75,000) has also been provided for his use by the employer (vi) His personal club bills paid by employer 25,000 p... (xvii) LIC Premium on his life paid by employer 25,000 p.2. capital sum assured is * 1.00,000 harvings of Mr. Ganesh: 21 (170) Bonus-Basic salary of one month (iv) Commission 66,000 () Leave cncashment (relating to current year) 20,000 (V) He has engaged a helper at 2 1.200 p.m, and his employer pays him? 1.500 p.m. on this account (vi) Medical bills for ? 60,000 were re-imbursed in following manner : (a) of a notified hospital 3 22,000 (for notified disease), (b) of a private hospital 353,000, (viit) Mobile telephone bill of employee's wife paid by employer * 15,000. (ix) His employment tax paid by employer 2,500. (1) On 1-12-2014 he has taken a loan of 3,00,000 from his employer to purchases a car. Rate of interest is 795% p.a. Repayment of loan @ 5,000 p.m. is to start after 4 months from the date of taking of loan. Prescribed rate of interest by SBI as on 1-4-2014 is 10.95% (x1) He and his employer contribute 3,200 p.m. cach towards RPF. (xit) Interest credited on the accumulated balance of RPF @ 10% is 20,000. (riit) He received 320,000 as leave travel concession but has not travelled anywhere. (xiv) He has been provided with free use of a car of 1.8 IL C.C. Car is used partly for personal and partly for employment purposes. (xv) He has been provided with a rent free house owned by employer (FRV of House 8,000 p m.) alongwith facility of gardener costing employer 6,000 p.a. Furniture casting 31,00,000 (W.D.V. 75,000) has also been provided for his use by the employer (vi) His personal club bills paid by employer 25,000 p... (xvii) LIC Premium on his life paid by employer 25,000 p.2. capital sum assured is * 1.00,000 harvings of Mr. Ganesh

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