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Taxation 7. Mrs. Kalpana (resident) an employee of Central Government in Bengaluru submits the following information: Basic Salary Rs.80,000 per month, DA 30% of Basic
Taxation
7. Mrs. Kalpana (resident) an employee of Central Government in Bengaluru submits the following information: Basic Salary Rs.80,000 per month, DA 30% of Basic salary ( 60% enters into all retirement benefits), HRA Rs. 7,000 p.m., Annual bonus Rs. 30,000, Entertainment allowance Rs. 30,000 , Rent paid by her Rs. 1,44,000 p.a. Compute her Taxable Income from Salary for the A.Y. 2022-23Step by Step Solution
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