Total income of Nand Kishore under the head 'Salary' for the financial year 2018-19 of whose basic salary and DA per month was of ₹40,000 and ₹3,000 respectively and who was also paid leave salary of ₹6,000 and ₹1,000 of

CS Executive · Tax Laws · PYQS · December 2019
Total income of Nand Kishore under the head 'Salary' for the financial year 2018-19 of whose basic salary and DA per month was of ₹40,000 and ₹3,000 respectively and who was also paid leave salary of ₹6,000 and ₹1,000 of professional tax by the employer shall be __________ .
(A) ₹4,82,000
(B) ₹4,76,000
(C) ₹5,23,000
(D) ₹5,16,000

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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