A member of Parliament received ₹1,50,000 per month as salary and ₹4,50,000 as daily allowances during previous year 2015-16. The taxable amount will be —
CS Executive · Tax Laws and Practice · PYQS · December 2016
A member of Parliament received ₹1,50,000 per month as salary and ₹4,50,000 as daily allowances during previous year 2015-16. The taxable amount will be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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