Question: need right answer please don't copy 6 throughout the previous year. ILLUSTRATION 57 B, a resident of India, furnishes the undernoted particulars of his incomes

need right answer please don't copy
6 throughout the previous year. ILLUSTRATION 57 B, a resident of India, furnishes the undernoted particulars of his incomes and outgoing for the purposes of assessment for the assessment year 2015-16. (1) He drew salary of 3.5,000 per month and dearness allowance @ 20 per cent of the way (i) A bonus of 4 months basic salary was received by bim, out of which one month boom was gratuitous and three month's was as per agreement with the labour union (i) As a member of a recognised provident fund he contributed 10% of his salary to the fund and his employer contributed an equal amount. Interest of 3,000 calculated 9 pacem (iv) He was provided with rent-free furnished accommodation at Kolkata [Population more than 25 lakhs) for which his employer paid a rent 5,000 per month The furniture belongs to was credited to the provident fund account. the employer of which the original cost was 750,000 () B got a conveyance allowance of 500 per month. He owned a car which was used by him for employment purposes also. The monthly expenses for running and maintaining the car were 1,200 per month on an average of which 50 per cent is attributable to use for employment. (vi) On 1-12-2014 employer sold to him furniture costing ? 1,00,000 for 3 32000. It was acquired on 1-11-2008. (vu) During festival season cach employee was given a gift worth 4,750. (val) Life insurance premia of 5.000, 3,000 and 1.000 were paid by B on his own life, his wife's life and his minor son's life, the sums assured being 1,00.000, 71,00,000 and R 25.000 respectivelyStep by Step Solution
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