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Question 2: From the Following information compute taxable salaries. (a) Basic Salary 3,60,000 (b) D.A 15% [Forming part of retirement benefits] (c) RFA provided by
Question 2: From the Following information compute taxable salaries. (a) Basic Salary 3,60,000 (b) D.A 15% [Forming part of retirement benefits] (c) RFA provided by the employer. Rent paid by the employer * 12,000 p.m. (d) Laptop provided for personal use costing * 40,000. (e) Reimbursed the medical treatment bill of dependent brother of * 20,000. (1) Conveyance allowance of * 1,200 per month is given by the company towards actual reimbursement (g) Premium on Personal accident policy 5,000 paid by the employer. (h) Telephone allowance received * 500 per month (i) Medical insurance premium of his family paid by employer * 10,000 (j) Contribution to RPF both the employer and employee 15% of salary
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