Murali is employed in Megha Ltd., Delhi. He is paid house rent allowance of ₹9,000 per month in financial year 2015-16. His salary for the purpose of computation of house rent allowance relief may be taken as ₹20,000 per
CS Executive · Tax Laws and Practice · PYQS · June 2016
Murali is employed in Megha Ltd., Delhi. He is paid house rent allowance of ₹9,000 per month in financial year 2015-16. His salary for the purpose of computation of house rent allowance relief may be taken as ₹20,000 per month. Murali pays actual rent of ₹10,000 per month. How much of the house rent allowance is tax-free —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
Related Questions in this Topic
- Senthil employed in a nationalized bank incurred ₹60,000 towards medical expenditure of his parent who is a senior citiz...
- Income tax assessment of Kuber was completed on 15-12-2018 for the assessment year 2016-17. There is an error apparent i...
- Income tax assessment of Ajay was completed determining the income at ₹8,40,000 as against the returned income of ₹5,40,...
- A resident having transaction with a non-resident who has filed form 35D for advance ruling, can withdraw the applicatio...
- When the Advance Pricing Agreement (APA) has been entered into, it is valid for not more than __________ consecutive pre...