1.

How to solve 1st question of tax​

Answer»

Income from salary head basic salary = 6000×12=72000dearness allowance (2000×12). =24000Commission. =30000commission in sales 600000×2%. =12000HRA. = 16200Gross salary. = 154200(-) standard deduction =50000 Taxable salary. = 104200Explanation:calculation of exempted amount of H.R.A.Following of the least amount is EXEMPT 1. actual HRA RECEIVED. 5000×12 =600002. RENT paid - 10% of salary 54000 -10200=. 438003. 50% of salary 102000×50%. =51000Least amount 43800 is exempt Amount of HRA (60000-43800) =16200 is taxable Meaning of salary for HRA basic salary. 60000DA (part of salary) 12000fixed COMMISSION. 30000 TOTAL. 102000



Discussion

No Comment Found

Related InterviewSolutions