Ramavtar, an employee of GG Carriers provides the following details of his income received from the employer for the year ended on 31.3.2020: Salary ₹1,20,000 DA ₹24,000 Leave Salary ₹5,000 Bonus ₹6,000 Professional tax
CS Executive · Tax Laws · PYQS · December 2020
Ramavtar, an employee of GG Carriers provides the following details of his income received from the employer for the year ended on 31.3.2020: Salary ₹1,20,000 DA ₹24,000 Leave Salary ₹5,000 Bonus ₹6,000 Professional tax paid by employer ₹1,000 Free Lunch ₹3,000 He has contributed ₹9,000 in statutory PF and had also paid ₹1,000 towards LIP premium. His total income for Asst. Year 2020-21 shall be
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income from Salaries, Deductions from GTI
Related Questions in this Topic
- In case of supply of goods for ₹ 5,00,000, following information is provided : Advance received on 1st April, Invoice is...
- Mr. R, a jeweller registered under GST in Mumbai, wants to sell his jewellery in a Trade Expo held in Delhi. Which of th...
- Alcoholic liquor for human consumption is subjected to :
- Which of the following shall be discharged first under GST Law, while discharging liability of a taxable person ?
- Registration certificate granted to casual taxable person or non-resident person will be valid for :