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From the following details compute the income from salary Basic pay rs 4,40,000/-. DA rs 20,000/-( including 60% of retritment budget) HRA rs 35,000/-, he leaves in his Own house .he contribute RPF rs 25,000/- and some amount contribution by employee He enjoys moter car benefit by his employer rs ;50,000 but he is using office purpose?
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From the following details compute the income from salary Basic pay rs...
Calculation of Income from Salary
- Basic Pay: Rs 4,40,000/-
- Dearness Allowance (DA): Rs 20,000/- (including 60% of retirement budget)
- House Rent Allowance (HRA): Rs 35,000/-

Contribution towards RPF
The employee contributes Rs 25,000 towards the RPF, along with some additional amount contributed by the employee.

Motor Car Benefit
- The employee enjoys a motor car benefit of Rs 50,000 provided by the employer.
- However, the employee is using the car for office purposes only.

Income from Salary Calculation
To calculate the income from salary, we need to consider the following components:
- Basic Pay: Rs 4,40,000/-
- Dearness Allowance (DA): Rs 20,000/-
- House Rent Allowance (HRA): Rs 35,000/-
- Contribution towards RPF: Rs 25,000/-
- Additional contribution by the employee
- Motor Car Benefit: Rs 50,000/-
The income from salary will be the total of the above components, excluding the amount contributed towards RPF and any other deductions. It is essential to consult a tax professional or financial advisor to accurately calculate the income from salary based on the given details.
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From the following details compute the income from salary Basic pay rs 4,40,000/-. DA rs 20,000/-( including 60% of retritment budget) HRA rs 35,000/-, he leaves in his Own house .he contribute RPF rs 25,000/- and some amount contribution by employee He enjoys moter car benefit by his employer rs ;50,000 but he is using office purpose?
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From the following details compute the income from salary Basic pay rs 4,40,000/-. DA rs 20,000/-( including 60% of retritment budget) HRA rs 35,000/-, he leaves in his Own house .he contribute RPF rs 25,000/- and some amount contribution by employee He enjoys moter car benefit by his employer rs ;50,000 but he is using office purpose? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about From the following details compute the income from salary Basic pay rs 4,40,000/-. DA rs 20,000/-( including 60% of retritment budget) HRA rs 35,000/-, he leaves in his Own house .he contribute RPF rs 25,000/- and some amount contribution by employee He enjoys moter car benefit by his employer rs ;50,000 but he is using office purpose? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following details compute the income from salary Basic pay rs 4,40,000/-. DA rs 20,000/-( including 60% of retritment budget) HRA rs 35,000/-, he leaves in his Own house .he contribute RPF rs 25,000/- and some amount contribution by employee He enjoys moter car benefit by his employer rs ;50,000 but he is using office purpose?.
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