\begin{tabular}{|l|l} \hline Q.4 & Mr. Kushal submits the following information regarding his salary...
70.2K
Verified Solution
Link Copied!
Question
Accounting
\begin{tabular}{|l|l} \hline Q.4 & Mr. Kushal submits the following information regarding his salary income \end{tabular} which he gets from KC Ltd. Basic Salary - Rs. 15,000 pm DA 40% of Basic Salary City Compensatory Allowance - Rs. 300pm Children Education Allowance - Rs. 400pm (for 3 children) Transport Allowance - Rs. 1,800pm Reimbursement of Medical Expenses - Rs. 25,000 HRA - Rs. 6,000pm from 01.04.2020 to 31.08.2020 Rent Paid - Rs. 7,000 pm for a house in Delhi Calculate the gross salary for the AY 2021-22
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!