(v) Mr. Ravi, Guwahati is an employee of Govt. of Assam. His particulars of income for the previous year 2019-20 were as under : Basic Salary Rs. 7,20,000 Dearness Allowance Rs. 90,000 Taxable Perquisites Rs. 30,000 Professional tax paid by the employee Rs. 3,000. Determine his income from salary for the assessment year 2020-21. 10

(v) Mr. Ravi, Guwahati is an employee of Govt. of Assam. His particulars of income for the previous year 2019-20 were as under : Basic Salary Rs. 7,20,000 Dearness Allowance Rs. 90,000 Taxable Perquisites Rs. 30,000 Professional tax paid by the employee Rs. 3,000. Determine his income from salary for the assessment year 2020-21. 10

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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