Compute income under the head Salaries

Exercise and reference answers

Unit

Rs

Start

Item

Basic salary

Value

900000

Steps

1. Operation

   add

   Item

   Add: Taxable allowances

   Value

   120000

2. Operation

   add

   Item

   Add: Value of perquisites

   Value

   80000

3. Operation

   sub

   Item

   Less: Standard deduction

   Value

   75000

4. Operation

   sub

   Item

   Less: Professional tax

   Value

   2500

Other choices

1. Explanation

   That deduction is only for a government employee

   Item

   Less: Entertainment allowance

   Value

   5000

2. Explanation

   That belongs to a different head of income, not to salaries

   Item

   Add: House property income

   Value

   60000

Instructions

Tap the line that comes next. Gross salary first, deductions after.

Result

Income under the head Salaries

Explanation