From the following details find out the salary chargeable to tax for the.assessment year 2010-11.
Mr. X is a regular employee of Rama & Co. in Gurgaon. He was appointed on01.01.09 in the scale of 20000-1000-30000. He is paid 10% D.A. & Bonus equivalent to one month pay. He contributes 15% of his pay and D.A. towards his recognized provident fund and the company contributes the same amount.He is provided free housing facility which has been taken, on rent by the company at f 10,000 per month.
He is also provided with following facilities
(i) Facility of laptop costing f 50,000.
(ii)Company reimbursed the medical treatment bill. of his brother off 25,000, who is dependent on him.
(iii) The monthly salary of f 1,000 of a house keeper is reimbursed by the company.
(iv) A gift voucher off 10,000 on the occasion of his marriage anniversary.
(v)Conveyance allowance of f 1,000 per month is given by the company towards actual reimbursement.
(vi) He is provided personal accident policy for which premium off 5,000 is paid by the company.
(vii) He is getting telephone allowance @ f 500 per month.
(viii) Company pays medical insurance premium of his familyoff10,000
