CA Inter doubt

Mr. Kashyap received basic salary of ₹ 20,000 p.m. from his employer. He also received children education allowance of ₹3,000 for three children and transport allowance of ₹ 1,800 p.m. Assume he exerc

Asked by Chaithra4 Apr 2025433 views

2 answers

Priyanshu · 4 Apr 2025
Education allowance per child per month= 3000/36= 83.333 Exemption in education allowance= 83.333 × 2 ×12=2000 Taxable allowance= (3000-2000)= 1000
Priyanshu · 4 Apr 2025
A

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