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Hi Guys,



Kindly Clerify me one thing ; In question no 1 we are asked to calculate taxable incom of the employee since salary is 37000 then we calculate amount of taxable allowance as 3500, should'nt we add salary & taxable amount of allowance to get the actual value of taxable income as final answer written by our other members is 3500 whereas per my understanding it must be 37000+3500=40500 should be the final ans.???

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yes this is final ans.............. yaha par jo mth302 ka solution dia hai wo 80% wrong hai even i question bhi but your ans is right
Yes........ In the Solutions Provided here the Answer is definitely WRONG ..........
Correct Answer is 40,500 which is the Total Taxable Income.............

3,500 is Only Taxable Allowance, not Total taxable Income....................



U r right,3500 is the taxable of allowances only.


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