Khushi (CA & CS Final) (1367 Points)
04 January 2010does 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
Amir
(Learner)
(4016 Points)
Replied 04 January 2010
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
Jasmine
(MRE)
(21 Points)
Replied 30 January 2010
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 31 January 2010
Amir
(Learner)
(4016 Points)
Replied 31 January 2010
CAclubindia
