High School

Following emoluments are received by Ms Sangeeta during the previous year ended on 31.3.2021

Basic salary 250000

Dearness Allowance 10000

Commission 2500

Entertainment allowance 2000

Medical expenses reimbursed 25000

Professional taxes paid 2000(Rs1000 paid by employer)

Ms. Sangeeta contributes Rs 2000 towards the Recognized Provident Fund

She has no other income.

Compute the income from salary for A.Y 2022-23, and give reasons and explanations

wherever required, If Ms. Sangeeta is a Government employee.

A) please first tell the formula and understanding of the question

B) second what are the steps to be followed to get the answer

C) please write the answer in c option and what can we clarify from this

Answer :

Ms. Sangeeta's income from salary for A.Y 2022-23, as a Government employee, is Rs 237500

A) The formula to compute the income from salary for A.Y 2022-23 is:Income from Salary = (Basic Salary + Dearness Allowance + Commission + Entertainment Allowance) - (Professional Taxes Paid + Medical Expenses Reimbursed + Contribution to Recognized Provident Fund)In this case, we need to calculate the income from salary for Ms. Sangeeta, assuming she is a Government employee.B) Steps to be followed to get the answer:Add up the components of salary: Basic Salary, Dearness Allowance, Commission, and Entertainment Allowance.

Subtract the deductions: Professional Taxes Paid, Medical Expenses Reimbursed, and Contribution to Recognized Provident Fund.

The remaining amount is the income from salary for A.Y 2022-23.

C) Answer: Income from Salary for A.Y 2022-23 (assuming Ms. Sangeeta is a Government employee) = (250000 + 10000 + 2500 + 2000) - (2000 + 25000 + 2000) = Rs 237500.
From this calculation, we can clarify that Ms. Sangeeta's income from salary for A.Y 2022-23, as a Government employee, is Rs 237500.

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