Question
On June 2017, Mr. Areean's basic salary falls on Tk. 10,200 in the scale of 9,600-20012-12,000. His date of yearly increment is on 26 April.
On June 2017, Mr. Areean's basic salary falls on Tk. 10,200 in the scale of 9,600-20012-12,000. His date of yearly increment is on 26 April. He received dearness allowance @ 10% of basic salary and medical allowance Tk. 300 per month. He received two bonuses equivalent to one month's basic salary-one received before the date of increment and another after increment. He contributes 10% of his basic salary to a recognized provident fund from which he has also received an interest of Tk. 1,500 @ 14% interest. His employer also contributes the same amount to the RPF. He has been provided with a rent-free quarter and a car for both official and personal purpose. He is also provided with cash conveyance allowance of Tk. 2,000 per month. During the year he has also received an entertainment allowance of Tk. 5,000 of which Tk. 4,500 has actually been spent. His investments during the year were: Purchase of shares of a unlisted company Tk. 2,000; Purchase of land Tk. 10,000; Payment of his life insurance premium Tk. 4,000 (Policy value Tk.45,000); Purchase of books. and magazine Tk. 3,000; and Contribution to a Deposit Pension Scheme Tk. 500 on a monthly basis.
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