Answered step by step
Verified Expert Solution
Question
1 Approved Answer
USTRATION 51 19 From the particular given below, compute salary income of Mr. R Salary @ 40,000 p.m. 4 Bonus equal to one month's salary
USTRATION 51 19 From the particular given below, compute salary income of Mr. R Salary @ 40,000 p.m. 4 Bonus equal to one month's salary Entertainment allowance @ 5.000 pun. Free gas and water supply He is provided with a rent free accommodation in Delhi owned by the employa the FR which is 10.000 p.m. (Population of Delhi is above 25 lakhs). He is provided with the facility of a 18 cubic capacity car which he uses both for priva official purposes. Ho has engaged a domestic servant @ 1000 p.m. and his salary is being paid by his cm He is provided the facility of a free lunch in the office during lunch break valued at 1 day for 250 days in the previous year The employer is maintaining a holiday home at Shimla and employce stayed there for 1 free of cost. Ils cost to the employer shall be 10,000. During the year employee and his wife travelled by Air to Bombay to attend a family fu and air tickets worth 24.000 were purchased by him through credit card provided to the employer Employer and employee both are contributing @ 149 in employee's recognized provider
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started