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Commerce · Q168

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 168

Q168

Mr. A resident of Mumbai gets a salary of Rs. 10,000 per month and house rent allowance of Rs. 3,000 per month. He has paid rent of Rs. 4,000 per month. Taxable house rent allowance (HRA) will be

A.
Rupees/36,000
B.
Rupees/15,000
C.
Rupees/15,525
D.
Zero
Answer

Answer: Option D

Solution

Answer: Option D
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