Applied direct tax

This query is : Resolved

rashmi (Querist)
Follow

31 July 2011 PLEASE ANSWER WITH IN TWO DAYS OR U CAN MAIL ME AT RASHMI.KALINDI@GMAIL.COM

Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following
details relating to the financial year 2010-11 :
(i) Gross salary ` 1,25,000;
(ii) Medical expenditure for treatment of G directly paid by the employer to a
private practitioner ` 25,001;
(iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital,
approved by the Chief Commissioner of Income Tax ` 50,000
(iv) Reimbursement of medical expenses incurred by G, for his son, not dependent
on him, ` 10,000; son was suffering from a prescribed disease under Rule
11DD and was treated in a hospital approved by the Chief Commissioner;
(v) Expenditure on G’s father, dependent on him, in USA and stay expenses of
G’s father and brother but reimbursed by the employer fully ` 2,50,000;
(vi) However, RBI granted permission for the foreign exchange of ` 2,30,000
(vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the
employer ` 1,00,000
(viii) Income from other sources `44,999.