i) Basic Salary (* 12,000-2,000-14,000-4,000-22,000) date of Joining 1.7.2016. Bonus allowed one month's Compute the taxable...

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i) Basic Salary (* 12,000-2,000-14,000-4,000-22,000) date of Joining 1.7.2016. Bonus allowed one month's Compute the taxable salaries of Mr. X for the P Y 2018-19 from the following information- basic salary based on salary at the end of the year. ji) Medical facility worth 18,000 given to his Spouse in a hospital owned by the company. iii) The actual cost of LCD; furniture and air conditioner provided for personal use of the employee is 1,80,000. iv) A gift voucher worth 10,000 in kind received on the occasion of his marriage anniversary. v) Employer provides Free education to his two children A and B. The cost of such education in a similar Institute for A is 900 per month and for B is 1,200 per month. vi) Salary of watchman is 3 1,500 per month is reimbursed by the employer. i) Basic Salary (* 12,000-2,000-14,000-4,000-22,000) date of Joining 1.7.2016. Bonus allowed one month's Compute the taxable salaries of Mr. X for the P Y 2018-19 from the following information- basic salary based on salary at the end of the year. ji) Medical facility worth 18,000 given to his Spouse in a hospital owned by the company. iii) The actual cost of LCD; furniture and air conditioner provided for personal use of the employee is 1,80,000. iv) A gift voucher worth 10,000 in kind received on the occasion of his marriage anniversary. v) Employer provides Free education to his two children A and B. The cost of such education in a similar Institute for A is 900 per month and for B is 1,200 per month. vi) Salary of watchman is 3 1,500 per month is reimbursed by the employer.

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Computation of income from salaries of Mr X for the PY 20182019 Particulars 7 i Basic salar... View the full answer