Mr. Anand is a general manager of a transport company drawing salary of rs 50000 per month the company has provide him with accommodation in meerut for which 10% of his basic salary is deducted . actual rent paid by the company for accommodation is 120000 per annum. he is also receiving entertainment allowance of rs. 500 per month . he is provided by the company with a car having engine cubic capacity of 1.8ltrs. forhis personal and official use but running and maintenance expenses for the same are bone by the assessee himself.Heis in receipt of bonus equivalent to 2 months salary . compute his taxable income under the head salary for the assessment year 2020-21.assume the population of meerut is 20 lakhs.

Mr. Anand is a general manager of a transport company drawing salary o

1.	Mr. Anand is a general manager of a transport company drawing salary of rs 50000 per month the company has provide him with accommodation in meerut for which 10% of his basic salary is deducted . actual rent paid by the company for accommodation is 120000 per annum. he is also receiving entertainment allowance of rs. 500 per month . he is provided by the company with a car having engine cubic capacity of 1.8ltrs. forhis personal and official use but running and maintenance expenses for the same are bone by the assessee himself.Heis in receipt of bonus equivalent to 2 months salary . compute his taxable income under the head salary for the assessment year 2020-21.assume the population of meerut is 20 lakhs.
Answer» READY to SHOW my FULL bodyExplanation:pvz-mwjz-zrx