15:07Exam Start | MSUB Exam || The Maharaja .THE MAHARAJA SAYAJIRAOUNIVERSITY OF BARODAMSUB Exam | 2020-202129-Nov-2021| MondayQUESTION - 1/15 2020033800005404 :Mr. A has threechildren. He is gettinghostel allowance of Rs.550 p.m. per child.What will be thetaxable amount forhostel allowance?O Rs.10,200Rs.7,400Rs.12,600Rs.21,800SubmitII

Eligible Exemption of Hostel expense allowance: 300 per month per child, Maximum up to 2 children

Answered: Mr. A has three children. He is getting…

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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nkt.3
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Mr. A has three children. He is getting hostel allowance of Rs. 550 p.m. per child. What will be the taxable amount for hostel allowance? Rs.10,200 Rs.7,400 Rs.12,600 Rs.21,800