Give typing answer with explanation and conclusion Mr. Oldman retired from his job after 29 years 6 months and 15 days of service on Dec 17, 2022 and received gratuity amounting 400,000. His salary at the time of retirement was 6000, dearness allowance 1200. House rent allowance 2000. Commission on profit 5000. He got an increment on Jan 14, 2022 of 1000. Turnover achieved by assessed 100000. Calculate hid taxable gratuity if he is a government employee.
Give typing answer with explanation and conclusion Mr. Oldman retired from his job after 29 years 6 months and 15 days of service on Dec 17, 2022 and received gratuity amounting 400,000. His salary at the time of retirement was 6000, dearness allowance 1200. House rent allowance 2000. Commission on profit 5000. He got an increment on Jan 14, 2022 of 1000. Turnover achieved by assessed 100000. Calculate hid taxable gratuity if he is a government employee.
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 52P
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Give typing answer with explanation and conclusion
Mr. Oldman retired from his job after 29 years 6 months and 15 days of service on Dec 17, 2022 and received gratuity amounting 400,000. His salary at the time of retirement was 6000, dearness allowance 1200. House rent allowance 2000. Commission on profit 5000. He got an increment on Jan 14, 2022 of 1000. Turnover achieved by assessed 100000. Calculate hid taxable gratuity if he is a government employee.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT