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Commerce · Q609

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 609

Q609

X is employed in a private company at a salary of Rs. 70,000 per month and Rs. 10,000 per month as dearness pay. He received Rs. 2,000 per month as house rent allowance. He paid Rs. 2,500 per month as house rent. What ts the exempted portion of house rent allowance?

A.
Rs. 2,500
B.
Rs. 2,000
C.
Rs. 1,000
D.
Nil
Answer

Answer: Option D

Solution

Answer: Option D
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