Question: you will be voted according to your given Answer thank Rasheed aged 48 years is an accountant and employed by GLF ltd. He gets Rs.

 you will be voted according to your given Answer thank Rasheed

you will be voted according to your given Answer thank

Rasheed aged 48 years is an accountant and employed by GLF ltd. He gets Rs. 100000 per month as salary and Rs. 100000 per annum as bonus. Besides, GLF ltd.provides the following. 1. Transport allowance: 1600 per month 2. Medical facility in a hospital which is owned by GLF. Cost for providing this facility to Ratheesh Rs. 30000 3. Medical facility in a government hospital Rs. 38000. 4. Medical facility in a private hospital (same hospital is recommended by the government for the medical treatment of government employees.) Rs. 18000 5. Medical facility (rule 3A) in a hospital approved by the chief commissioner: Rs. 63000 6. Medi claim insurance premium paid by GLF Itd for Ratheesh and his family Rs. 25000 7. Reimbursement by GLF Itd. Of other medical expenditure :Rs. 18000. You are required to calculate his salary income for the AY 2018-19 and 2019 20. s19 Income of Ratheesh from salary can be calculated as follows: Basic salary Bonus Transport allowance Medical facility in GLF ltd's hospital Medical facility in government hospital Medical facility in private hospital Medical facility (Rule 3A) Medi-claim insurance premium paid by GLF ltd Reimbursement of other medical expenditure(reimbursement up to Rs. 15000 is not chargeable to tax for the assessment year 2018-19) Gross salary Less: standard deduction us 16(ia) Income under the head salaries AY 2018-19 AY 2019-20 1200000 1200000 100000 100000 Nil 19200 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil 3000 1303000 Nil 1303000 18000 1337200 Nil 1297200 Illustration Miss nithya is a govt employee and she is drawing a monthly salary of Rs. 8000. She is provided with a rent free unfurnished accommodation for which the government has fixed a monthly rent of Rs. 1000. She pays a monthly rent of Rs. 200 to the government. Calculate her gross salary

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