b) X (55 Yrs.) a lecturer in a private college in Jabalpur has submitted following details: Basic salary Dearness allowance Rs.22,700 per month Rs.9000 per month Rs.2000 per month Rs.50,000 one time...

Detailed and proper solutionb) X (55 Yrs.) a lecturer in a private college in Jabalpur has submitted following details:<br>Basic salary<br>Dearness allowance<br>Rs.22,700 per month<br>Rs.9000 per month<br>Rs.2000 per month<br>Rs.50,000 one time<br>Rs.70,000<br>Wardenship allowance<br>Examiners remuneration<br>Royalty on book<br>Income from house property<br>Municipal valuation Rs.1,60,000; fair rent: Rs.1,80,000 and<br>Standard rent: Rs.1,90,000, unrealised rent: NIL<br>Interest on Government securities<br>Rs.16000 per month<br>Interest on Company deposits<br>Contribution to statutory provident fund<br>Medical Insurance premium of self and spouse<br>Contribution to approved charitable institution<br>Rs.42,000<br>Rs.23,000<br>Rs.20,000<br>Rs.18,000<br>Rs. 20,000<br>Determine the tax liability of X for A.Y.2021-22<br>

Extracted text: b) X (55 Yrs.) a lecturer in a private college in Jabalpur has submitted following details: Basic salary Dearness allowance Rs.22,700 per month Rs.9000 per month Rs.2000 per month Rs.50,000 one time Rs.70,000 Wardenship allowance Examiners remuneration Royalty on book Income from house property Municipal valuation Rs.1,60,000; fair rent: Rs.1,80,000 and Standard rent: Rs.1,90,000, unrealised rent: NIL Interest on Government securities Rs.16000 per month Interest on Company deposits Contribution to statutory provident fund Medical Insurance premium of self and spouse Contribution to approved charitable institution Rs.42,000 Rs.23,000 Rs.20,000 Rs.18,000 Rs. 20,000 Determine the tax liability of X for A.Y.2021-22

Jun 09, 2022
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