does anyone have solution of this question?
Q.gross salary - 500000
family pension @ rs 2000pm 24000
income of minor child 6000
accumulated balance in provident fund of her husband after his death - 120000
gratuity received after the death of his husband 90000
calculate taxable income of mrs. radhika . - from CS executive test paper 4/2010 of tax laws.
thanks
DEAR GANGA,
1) SALARY ----------------- 5,00,000
2) INCOME FROM OTHER SOURCES
A) FAMILY PENSION 24,000
LESS:-EXEMPT (8,000)
------------- 16,000
B) MINOR'S INCOME 6,000
LESS:- EXEMPT (1,500)
--------------- 4,500
---------------------
TOTAL INCOME 5,20,500
-----------------------
NOTE ;- GRATUITY WILL BE TAXABLE IN THE HANDS OF LATE HUSBAND
:- ACCUMULATED PF BALANCE IS EXEMPT
thanks amir,
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