148; and 2020
Group - C
.Mes Bindhani, is working with T Lid. receives the following emolunents during the
previousyear 2020-21:
ia) Basic pay on01.04.2020 724.000 (increment of 1,000 p.m. talls due on Ist July
each year).
(b) Dearness Allowance(forming part of salary)@100% of basic pay.
(c) Children Education Allowance T600 p.m.(she has one child).
(d) Remuneration from Calcutta University as examiner R1,400.
(e) MedicalAllowance 1,000 p.m. and bonus 15.000 p.a.
() The employer provided a free furnished accomnodation in Kolkata. Fair rental
value of the house was 4.500 p.m. and furnished with furniture costing 50,000.
558
sweeper anda watchman whose monthly salaries
She was provided with a telephone was also provided by em, o r
3,000 and 4,500 respectively. A free
both for personal and official purposes.
at her residence, which was used by her
ofa recognised provident fund and contributed 14% of her salary.
(g) She is amember
salary to the provident fund.
Her employer also contributed 14% of her
of provident fund 6,500.
(h) Interest credited at 13% D.a, on credit balance
() She had taken alife policy for S.00,000 on her
own life for which she paid a
01.08.18).
premium of 15,000during the previous year. (Policy was taken on
() Employer paid her professional tax of 1,000 p.m.
both for
(K) She IS providedwith a l4 H.P. car owned by employer and has been used
the purpose of her employment and personal use. Entire expenses is borne by the
employer.
Compute income from salary of Mrs. Bindhani for the assessment year 2021-22. 15
Or,
(a) Mr. D. Podder, an employee of a private company in Kolkata (not covered under
payment of Gratuity Act), retired from service on December 31, 2020 after 32
years and 80 months of service. He received gratuity of 9,80,000. His salary at
the tÉme of retirement was 32.000 p.m. and dearness allowance was 6,4O0 p.m.
(not forns part of salary). His increment of 900 p.m. fell due on Ist July every
year. Calculate the amount taxable gratuity of Mr. Podder for the assessment 2021
22.
(b) Mr. Rahul Kumar Thakur retired on 08.02.2021 from a
private company after
completion of 30years and 9months of service. He is entitled to l month leave for
each completed year of service. He took 8 months leave during his
the time of retirement his basic pay was ?l6,000 p.m. and D.A.
service life. At
@50% of basic
pay. However, he got an increment of basic pay @ 1,000 p.m. from
He received 4,00,000 as leave encashment. Compute taxable 01.01.2021.
amount of leave
salary of Mr. Thakur for the A.Y. 2021-22. (Assume D.A. forms part of
salary.]
(c) Mr. Sourav Sikdar was working with a company at a salary of 20,000 p.m. on
31.12.2020, he left the job and received 2,50,000 as refund from Unrecognised
Provident Fund (URPF). The amount of2,50,000includes?50,000 as accumulated
interest. Both Sourav and his employer contributed equal amount to the provident
fund. How the amount received by Mr. Sikdar will be treated for income tax purpose
during the A.Y. 2021-22? 5+6+4
9. Sarju Middey is owner of 2 house in Kolkata. From the following particulars of the
houses. compute his income from house property for the assessment year 2021-22:
House A: Let-out to an employee of the business of Sarju @R5,000 p.m. which is
necessary for the purpose of business. Municipal tax paid ?3.000 and interest on loan
taken for purchasing the house amounted to 9,000.
