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Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.?
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Mr RAJA is employed in Mumbai his particulars of income for the assess...
Mr. RAJA's Salary Calculation:
1. Basic Salary:
Mr. RAJA's basic salary is Rs. 8000 per month. To calculate the annual basic salary, we multiply it by 12 (months).
Annual Basic Salary = Rs. 8000 * 12 = Rs. 96,000
2. Dearness Allowance (DA):
Mr. RAJA's DA is Rs. 2000 per month. To calculate the annual DA, we multiply it by 12 (months).
Annual DA = Rs. 2000 * 12 = Rs. 24,000
3. Retirement Benefits:
40% of the DA is considered as Retirement Benefits. To calculate the Retirement Benefits, we multiply the DA by 40%.
Retirement Benefits = Rs. 24,000 * 40% = Rs. 9,600
4. Bonus:
Mr. RAJA's bonus is Rs. 3000.
5. Commission:
Mr. RAJA's commission is Rs. 4500.
6. Entertainment Allowance (EA):
Mr. RAJA's EA is Rs. 500 per month. To calculate the annual EA, we multiply it by 12 (months).
Annual EA = Rs. 500 * 12 = Rs. 6,000
7. Fair Rental Value of Free House:
The fair rental value of the free house provided by the employer is Rs. 40,000.
8. Value of Furniture Provided:
The value of furniture provided by the employer is Rs. 20,000.
Total Salary Calculation:
To calculate Mr. RAJA's total salary, we sum up all the components:
Total Salary = Annual Basic Salary + Annual DA + Retirement Benefits + Bonus + Commission + Annual EA + Fair Rental Value of Free House + Value of Furniture Provided
Total Salary = Rs. 96,000 + Rs. 24,000 + Rs. 9,600 + Rs. 3,000 + Rs. 4,500 + Rs. 6,000 + Rs. 40,000 + Rs. 20,000
Total Salary = Rs. 2,03,100
Conclusion:
Mr. RAJA's total salary for the assessment year 2022-2023 is Rs. 2,03,100 if the population is more than 25 lakhs.
1. Basic Salary:
Mr. RAJA's basic salary is Rs. 8000 per month. To calculate the annual basic salary, we multiply it by 12 (months).
Annual Basic Salary = Rs. 8000 * 12 = Rs. 96,000
2. Dearness Allowance (DA):
Mr. RAJA's DA is Rs. 2000 per month. To calculate the annual DA, we multiply it by 12 (months).
Annual DA = Rs. 2000 * 12 = Rs. 24,000
3. Retirement Benefits:
40% of the DA is considered as Retirement Benefits. To calculate the Retirement Benefits, we multiply the DA by 40%.
Retirement Benefits = Rs. 24,000 * 40% = Rs. 9,600
4. Bonus:
Mr. RAJA's bonus is Rs. 3000.
5. Commission:
Mr. RAJA's commission is Rs. 4500.
6. Entertainment Allowance (EA):
Mr. RAJA's EA is Rs. 500 per month. To calculate the annual EA, we multiply it by 12 (months).
Annual EA = Rs. 500 * 12 = Rs. 6,000
7. Fair Rental Value of Free House:
The fair rental value of the free house provided by the employer is Rs. 40,000.
8. Value of Furniture Provided:
The value of furniture provided by the employer is Rs. 20,000.
Total Salary Calculation:
To calculate Mr. RAJA's total salary, we sum up all the components:
Total Salary = Annual Basic Salary + Annual DA + Retirement Benefits + Bonus + Commission + Annual EA + Fair Rental Value of Free House + Value of Furniture Provided
Total Salary = Rs. 96,000 + Rs. 24,000 + Rs. 9,600 + Rs. 3,000 + Rs. 4,500 + Rs. 6,000 + Rs. 40,000 + Rs. 20,000
Total Salary = Rs. 2,03,100
Conclusion:
Mr. RAJA's total salary for the assessment year 2022-2023 is Rs. 2,03,100 if the population is more than 25 lakhs.
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Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.?
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Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? 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 Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.?.
Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? 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 Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.?.
Solutions for Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? in English & in Hindi are available as part of our courses for B Com.
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Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.?, a detailed solution for Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? has been provided alongside types of Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? theory, EduRev gives you an
ample number of questions to practice Mr RAJA is employed in Mumbai his particulars of income for the assessment year 2022-2023 are: Basic salary RS.8000 pm,DA RS.2000pm (40% is retirement benefits) bonus RS.3000, commission RS.4500,EA RS.500pm,fair rental value of free house provide by the employer RS.40000 value of furniture provided RS.20000.find out Mr.RAJE from salary if the population is more than 25 lakhs.? tests, examples and also practice B Com tests.
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