a) A (45 years), a salaried private sector employee, wants to know the amount of tax liability in respect of following income. 11,50,000 2,00,000 1,50,000 2,00,000 2,30,000 4,00,000 2,00,000 Income Basic salary Dearness allowance Special allowance Leave travel allowance-exempt Research allowance-fully utilized Income from house property-computed Investments Life insurance premium-major son, sum assured, Rs.4,00,000 40,000

a) A (45 years), a salaried private sector employee, wants to know the amount of tax liability in respect of following income. 11,50,000 2,00,000 1,50,000 2,00,000 2,30,000 4,00,000 2,00,000 Income Basic salary Dearness allowance Special allowance Leave travel allowance-exempt Research allowance-fully utilized Income from house property-computed Investments Life insurance premium-major son, sum assured, Rs.4,00,000 40,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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