Anil is employed in a company with annual salary of ₹8,60,000 (computed). The company paid income-tax of ₹37,000 on his non-monetary perquisites. He paid ₹1,20,000 to recognised provident fund during the year 2014-15. Hi

CS Executive · Tax Laws and Practice · PYQS · December 2015
Anil is employed in a company with annual salary of ₹8,60,000 (computed). The company paid income-tax of ₹37,000 on his non-monetary perquisites. He paid ₹1,20,000 to recognised provident fund during the year 2014-15. His total income would be
(A) ₹7,77,000
(B) ₹7,40,000
(C) ₹7,97,000
(D) ₹7,60,000.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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