Hi, I am Facing problems in some questions of Income from salaries. I will Be grateful if i get full solved Answer.
Q1 Anjan Joins a a service in the grade of Rs 15600-39100 plus grade pay of Rs 6000 on 1.08.2015. he also gets dearnance allowance @ 107% of salary.His tax Liability for assessment year 2016-17will be-
Q2 Ramesh,an employee of Gauri & Co. of Delhi, received the following payments during previous year ended 31st march,2016:
Basic salary:2,40,000 and dearnance allowance: 40% of basic salary(40% forming part of salary). Rent free unfurnished accomodation provided by employer for which rent paid by employer being: Rs 50,000. The value of taxable perquisite in the hands of Ramesh will be-
Q3 Rohan retires from private service on 30th april,2015 and his pension has been fixed at Rs 1500 p.m. he gets 1/2 of his pension commuted during january 2016 and receives Rs 75000. he also gets Rs 60,000 as gratuity. the total pension taxable including commuted value will be-