The Manager of M/s. Slow and Steady Ltd. is entitled to get a salary of ₹2,500 per month plus 1% commission on the net profits of the company after such salary and commission. The following is the Profit and Loss Account of the company for the year ended 30th June, 2017.

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Particulars To Salaries wages and bonus To General expenses To Depreciation To Expenditure on sceintific research (cost of apparatus) To Manager's salary To Commission to Manager on accounts To Reserve for Bad and doubtful debts To Provision for Income tax To Proposed dividend To Balance c/d ₹ 1,92,500 By Profit b/d 74,000 By Subsidy from Government 81,000 By Profit on sale of assets (Cost Price 2,50,000 14,000 and W.D.V. 1,80,000) 30,000 6,000 17,500 2,40,000 1,00,000 3,05,000 10,60,000 Calculate the remuneration payable to the manager. Particulars ₹ 9,00,000 60,000 1,00,000 10,60,000