Nitesh, working in a factory at Kolkata received during the previous year 2019-20 ₹2,00,000 as basic salary and ₹50,000 as house rent allowance. Rent paid by him for residence in Kolkata was ₹50,000. Amount of house rent
CS Executive · Tax Laws and Practice · PYQS · December 2020
Nitesh, working in a factory at Kolkata received during the previous year 2019-20 ₹2,00,000 as basic salary and ₹50,000 as house rent allowance. Rent paid by him for residence in Kolkata was ₹50,000. Amount of house rent allowance taxable in assessment year 2020-21 is ______.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income from Salaries
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