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Question 1: Compute the taxable salaries of Mr. X for the P.Y 2018-19 from the following information- 1) Basic Salary ( 12,000-2,000-14,000-4.000-22,000) date of Joining
Question 1: Compute the taxable salaries of Mr. X for the P.Y 2018-19 from the following information- 1) Basic Salary ( 12,000-2,000-14,000-4.000-22,000) date of Joining 1.7.2016. Bonus allowed one month's basic salary based on salary at the end of the year. ii) Medical facility worth * 18,000 given to his Spouse in a hospital owned by the company. iii) The actual cost of LCD; furniture and air conditioner provided for personal use of the employee is ? iv) A gift voucher worth * 10,000 in kind received on the occasion of his marriage anniversary. 1,80.000. v) Employer provides Free education to his two children A and B. The cost of such education in a similar Institute for A is * 900 per month and for B is * 1,200 per month. vi) Salary of watchman is * 1,500 per month is reimbursed by the employer
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