Programme Code : BDP
Course Code : BCOM
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Year : 2013 Views: 916 Submitted By : ASHISH KUMAR On 14th February, 2013

Do you have solution for this Question. If yes    I aslo want solution.


Pequisites NOTES

Exempted Incomes

Shri A.K Rana is an employee in a company in Mumbai. He received in previous year.

Basic Salary Rs. 5000 per month

Dearness Allowance (under termed of employment) Rs. 500 per month

House Rent Allowance (Rent Paid Rs. 1500 Per month ) Rs 1000 per month

He retired on 1


January, 2011 after 20 years of service. He was paid Rs. 6000 gratuity and

Rs. 50,000 of unrecognized provident fund. He was given pension of Rs. 800 per months.

He was not covered under Payment of Gratuity Act. Employer and employee’s contribution

is equal.

Salary and pension become payable on the last day of each month. For the assessment year 2011-

12 compute Mr. A.K. Rana’s taxable salary.

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