B (Non-Government Employee) stays at Delhi received a basic of ₹60,000 p.m. and dearness allowance ₹3,000 p.m. (forming part of salary) and he is also given a rent-free furnished home. The fair rent of the house is ₹1,20
CS Executive · Tax Laws · PYQS · June 2022
B (Non-Government Employee) stays at Delhi received a basic of ₹60,000 p.m. and dearness allowance ₹3,000 p.m. (forming part of salary) and he is also given a rent-free furnished home. The fair rent of the house is ₹1,20,000 p.a. and rent of furniture is ₹24,000 p.a. Compute the tax liability for the A.Y. 2022-23. (Assessee has not opted for section 115BAC).
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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