In overb)(OR)Mr. X is a resident and an employee in HindustanPower Corporation Ltd. At Mumbai. He gives thefollowing information relating to his salaries forthe previous year 2016-17.1) Basic salary Rs.18,000 p.m.2) DA (Using for retirement benefits) Rs.6,000p.m.3) Medical allowance Rs: 600p.m.City compensatory allowance Rs. 800 p.m.5) Education allowance for 2 children at Rs.350p.m per child.6) Entertainment allowance Rs.750 P.m.7) House rent allowance Rs. 1,600 pm but hepays Rs. 3,000 p.m as actual rent.8) Company has provided a telephone at hisresident by meeting all the expensesamounting to Rs.6,000 for the year.9) Company has paid his income tax of Rs.6,450during the previous year on his taxableincome.10) Conveyance allowance of Rs. 8,000 forvisiting the branches (fully spent).11) he and the company contribute 14% of salary towards the rpf12) intrest on rpf was rs. 15,000 at 15% per annum​