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Direct Taxation

Can anyone solve and send me solution of this question....answer is (d)

Shrutii K

CA Inter

★ 5K+

07-May-21 12:19

472

Answers (2)

Best Answer

Basic salary - 2,40,000 Add: Transport Allowance - 21600 (Completely taxable) Add: Children education allowance - 3000 Less: Exemption for children education allowance - 2400 (100 per child for maximum 2 children) Less: Standard deduction under the head salaries - 50,000 Taxable salary - Rs. 2,12,200