Manoj a salaried employee, provides the following information regarding his income for the period 01.04.2020 to 31.03.2021 where he was employed by Ram Company up to 31st May, 2020 and by Shyam Company from 1st June, 202
CS Executive · Tax Laws · PYQS · December 2021
Manoj a salaried employee, provides the following information regarding his income for the period 01.04.2020 to 31.03.2021 where he was employed by Ram Company up to 31st May, 2020 and by Shyam Company from 1st June, 2020. All the figures given in the table below are on per month basis paid by the companies. Particulars Ram Company Shyam Company Basic Salary 42,000.00 56,000.00 D.A. (entire amount is part of salary for calculating pension) 4,000.00 0.00 Commission on sales 7,500.00 8,000.00 HRA (Rent paid for flat in Jaipur ₹8,000) 0.00 9,000.00 Compute the amount of income of Manoj chargeable to tax for the A.Y. 2021-22 under the head of salary.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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