Ilovepdf Merged
Ilovepdf Merged
Ilovepdf Merged
WORKSHEET 1
SECTION A ( 10 X 3 = 30 Marks)
SECTION B ( 5 X 8 = 40 Marks)
1. Mr. Arun an Indian citizen, stayed in India for 182 days during the previous year 20 15. 2016. Determine
Mr. Arun’s residential status for the assessment year 2016-2017 on the assumption that during the
financial years 2005-2006 to 2014-15 he was present in India as follows:
2005-2006 - 66 days 2010-2011 - 59 days
2006- 2007 - 180 days 2011-2012 - 180 days
2007-2008 - 20 days 2012-2013 - 50 days
2008-2009 - 50 days 2013-2014 - 58 days
2009-2010 - 50 days 2-14-2015 - 59 days
2. Outline the provisions relating to Residential Status of an Individual.
3. On 1.6.2018, ‘B’ a Malaysian citizen left India after a continuous stay of 10 years. During the financial
year 2019-2020, he came back to India and stayed for a period of 46 days and left. In the Previous Year
2020-2021, he come back to India on 10,10.2020 and stayed here thereafter for one year. Determine the
residential status of Mr. ‘B’ for the assessment year 2021-22.
4. From the previous year ended on 31" March 2022 Mt. had the following incomes:
Compute the total income of Mr. Z for the assessment year 2022-23 if he is: (i) Resident (ii) Resident but
not ordinarily resident and (iii) Non-resident.
5. Examine the total income From the following particulars of Mr. S for the assessment year 2021-22 if he
is ROR, RNOR, NR
A) Technical fees received in Singapore 80,000
B) Income from hp in Japan ( 40% received in India) 1,00,000
C) Profit from sale of land in India 2,00,000
D) Pension received in Spain for services rendered in India 75,000
E) Salary received in India for services rendered in US 3,00,000
F) Dividend from a UK company 1,00,000
G) Income from business in China controlled from India 3,00,000
6. From the following details calculate the total income of Ms. Rani if she is (a) ordinary Resident (b) not
ordinary resident (c) Non-resident.
a)Dividend from Indian company Rs. 1,00,000
b)Dividend from foreign company RS. 1,50,000 received in India.
c)Interest on debentures of an Indian Company 42,000
d)Income from business in Kenya but controlled from India Rs. 2,00,000
e)Profits from business controlled outside India 1/3 received in India 30000
f)Income earned in America and received there Rs.80000
g)Salary from an Indian Company received in London Rs. 60000 ( half is paid for rendering services in
India)
7. Show the residential status by applying the provisions. Mr. C comes to India for the first time during
the py, 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022. He was in India for 100 days, 60
SECTION C ( 2 x 15 = 30 Marks )
Mr. J a foreigner came to India from Poland for the first time on 1st April 2014, He stayed here
continuously for 3 year and went to France on 1st April 2017. He, however returned to India on 1st July
2017 and went to Poland on 1st December 2018. He again came back to India on 25th Jan 2021 on a
service in India.
The following are the particulars of Income of Sachin Kumar of Previous years 2020-21
2. List out any ten incomes which are exempted under section 10 of the Income tax Act 1961.
3. “ The Incidence of tax depends upon the residential status of the assessee "-Discuss.
UNIT II - INCOME FROM SALARIES
WORKSHEET 2
SECTION A (10×3=30)
1. Compute the Basic salary of Mr.Prabhu for the Assessment year 2024-25 from the following information:
Salary received Rs.18,000
Tax Deducted at Source Rs.2,000
Own Contribution to Provident Fund Rs.3,000
2. Find out the taxable HRA of Mr. Raghu who is working in Trichy. Basic Salary Rs.3,000 p.m.
HRA Rs.700 p.m. (rent paid Rs.400 p.m.)
3. Differentitate between partially taxable of fully taxable allowances.
4.Write a short note on ‘Commutation of Pension’.
5. Mr. Sen left service after 3 years and received a refund of Rs.60,000 from provident fund on 4-6-2023.
It consists of his own contribution plus an equal contribution by his employer plus interest @12% p.a.
How would it be treated for income-tax purposes, if he was contributing to S.P.F?
6. Explain the provisions relating to Entertainment allowance.
7. Write a short note on Statutory provident fund.
8. Calculate Taxable HRA from the following:
Salary 5,000 p.m.
D.A 1,000 p.m.
HRA 800 p.m
Rent paid in New Delhi 2,000 p.m. 40% of D.A. forms part as retirement benefit.
9. State the allowances that are exempted from tax u/s10(14).
10. List the any 6 fully taxable allowance of salary.
SECTION B ( 5 X 8 = 40 Marks)
He is working in a factory at Ludhiana (Covered under the payment of Gratuity Act) He is working in a
commercial office at Delhi (Not covered under the payment of Gratuity Act.
16. Calculate House Rent Allowance u/s 10 (13A) in respect of residential accommodation situated in Delhi)
a. Salary 99,000 per annum
b. Dearness Allowances 87360 per annum
c. House Rent allowance 19,200 per annum
d. Petrol allowance. 2,400 per annum
e. House Rent Paid 36,000 per annum
f. General Provident Fund 42,000 per annum
17. Mr. P retires on 1 July 2023 after 18years of service and receives Rs 75000 as leave encashment for 15
months. His employer allows 45 days of leave for every completed yr of service. During his
service he has already enchased leave for 12 months calculate the taxable amount of leave
encashment if his salary during 1/7/2022 to 1/7/2023 was Rs. 5000 per month.
18. Mr. U retired on 31/12/2023 and his pension was fixed at Rs 3600 pm. He got 3/4ths of the pension
commuted for which he received Rs 180000 from his employer. Find out the taxable amount
of commuted pension.
a) if he does not receive gratuity.
b) if he receives gratuity.
19.Mr. Abdullah is an employee of MN Ltd. He received Rs.68.000 as gratuity. He is covered by Payment
of Gratuity Act 1972. He retired on 15th July 2023 after rendering service of 36 years and 9 months.
At the time of retirement his monthly basic salary was 3,200 and DA (forming part) was 1.000.
Calculate exempted gratuity
SECTION C (1×15=30)
20. Mr. Raman an employee of a private company in Chennai.He supllies you the following particulars of
his income:
a) Basic salary Rs.20,000 p.m
b) D.A 50% of salary (50% of D.A enters his pay for service benefits)
c) Marriage Allowance
d) Education Allowance Rs.270 p.m (Allowance@ Rs. 90 p.m per child)
e) Bonus one month salary
f) Entertainment Allowance Rs.1200 p.m
He and his employer contribute @ 16% of salary to RPF separately. During 2023-2024, he had received
two months basic salary as advance which was included in the income of the previous year 2023-24. He is
provided rent fee house owned by the employer. He also received a fixed medical allowance of 300 p.m.
Amount spent on medicine 4,500 during the year. Calculate his salary income for the assessment year 2024-
2025.
22. Mr. A was working as a sales manager drawing a salary of Rs 50000 p/m in Bangalore. He was receiving
the following emoluments: Salary falls due on the 1 day of every month
CCA Rs 9600 p.m.
HRA 12000 p.m. He stays in his own house.
Travelling allowance 28000 he spent only Rs 25000 on travel. He retired from
Service on 31 Jan 2023.
He received gratuity of Rs. 924800 for serving 34 years in this company. His pension was fixed at Rs.
24000 p/in he gets 3/4th of his pension commuted for a lump sum of Rs. 1020000.
Leave encashment Rs. 250000 being 5 months' salary received on 31.1.23. He was allowed one month leave
for every year of service. No of months of leave not utilized 5 months. Compute the taxable salary for the
assessment year.
23. Following are the particulars of Mr. A's salary income. Compute his salary income for the Assessment
Year 2022-23.
Salary (Basic) Rs.60,000 p.m.
DA-50% of salary (50% of D.A. forms part of Salary)
Bonus-one month's basic salary
Leave Travel Concession equal to one month's basic salary (given once in two years)
Conveyance allowance Rs.4,000p.m.
House Rent allowance Rs.12,000p.m. Mr. A is paying Rs.15,000p.m. as rent
Entertainment Allowance Rs.2,000p.m.
Education allowance @ Rs.500p.m. per child.
Two children of Mr. A are studying in a school, and he is paying a monthly
tuition fees of Rs.1,800p.m.for both children.
Helper allowance Rs.2,000 p.m.
Uniform allowance Rs.5,000 pa
Conveyance allowance is given to Mr. A to meet petrol expenses of his car which he uses to come to
office and go back to his residence. It is also observed that he spends 50% of the entertainment allowance
on visitors coming to meet in connection with his business/job duties.
Salaries
Section A
1. What are the different forms of salary ? (2017)
2. Write a short note on “Commutation of pension”? (2022)
3. Mr.Sen left service after 3 years and received a refund of
Rs. 60,000 from provident fund on 4-6-2023. It consists of his
own contribution plus an equal contribution by his employer
plus interest @12% p.a. How will it be treated for income tax
purposes , if he was contributing to S.P.F ? (2022)
4. X,a resident of Ajmer, receives Rs.48,000 as basic salary
during the previous year 2023-24. In addition, he gets Rs.4,800
as dearness allowance forming part of basic salary, 7%
commission on sales made by him(sales made by X during the
relevant previous year is Rs.86,000) and Rs.6,000 as HRA. He
however pays Rs.5,800 as house rent. Determine the quantum
of HRA exempt from tax. (2017)
Section B
Section C
SECTION A ( 10 X 3 = 30 Marks)
Rs
MRV (Municipal Rental Value) 80,000 pa
FRV (Fair Rental Value) 85,000 p.a.
Standard Rent 60,000 р.а.
Actual Rent 60,000 р.а.
6. Mr. Ram owns a property in Chennai. (Municipal Value ₹ 1,60,000; Fair rental Value ₹1,80,000;
Standard rent 1,50,000). The House is let out up to September 30, 2022(Monthly rent being 15,000),
From October 1, 2022, the property is self-occupied for own residential purposes. Find out the Gross
Annual Value for the Assessment Year 2023-24.
7. Mr. Surya owns a property in Delhi. Municipal Value 60,000; fair rental value 65,000; Standard rent
59,500; Actual rent₹ 72,000; Loss due to vacancy 6,000.
Explain and Calculate Gross Annual Value from the above information.
8. Mr. S took a loan of Rs 400000 on 1-4-2020 at 20%pa to construct a house. The constraction of the
house was completed on 1-11-2022. Compute the amount of interest deductible in computing IFHP, if
the house is let out and loan is not yet repaid during 2023-24
9. Mr.R. has a house at pune where Rent Control Act is applicable. Its MRV is 1,08,000 p.a. and FRV is
₹1,20,000 p.a. Standard rent is 1,02,000. Compute Expected Rental Value (ERV).
10. Discuss the term treatment on house loan while calculating ‘Income from House Property’
SECTION B ( 5 X 8 = 40 Marks)
14.Compute the income from house property from the information given below:
Municipal Rental Value Rs18,000
Rent received during the year Rs24,000
Municipal Taxes (50% paid by tenant) Rs1,800 per annum
Expenses incurred on repairs
(a)By owner Rs3,000
(b) By tenant Rs3,000
Collection charges Rs1,000
Due date for completion of house 1.6.1998
15. Mr. Z Owns a house property which is lets out for residence. He submits the following details to
compute the gross annual value of the property.
Municipal Value 1,40,000
Fair rent 1,45,000
Standard rent under rent control act 1,42,000
Annual rent if property is lets out throughout the previous year 1,68,000
Unrealised rent 14,000
Less due to vacancy 7,000
16. Sri Srinivasan took a loan of ₹ 4,00,000 on 1.4.2019 at 20% pa to construct a house. The construction
of the house was completed on 1.11.2023. Compute the amount of interest deductible in computing
income from house property, assume the house is let out.
17. From the particulars given below compute income from house property which consist of two
Let out: 1/3rd area from 1-4-2023 to 31-4-2023 at Rs. 7,200 per month And
Vacancy 2 months
Municipal Taxes
Due 10,000
Repairs 8,000
19. Mr. Raghav owns a residential property. It has two equal residential unit Unit-1 and Unit-II. While
unit-l is self-occupied by Raghav for his residentia purpose, unit-ll is let out (rent being 6,000 per
month, rent of two months could not be recovered). The municipal value of the property is 1,30,00
Standard rent 1,25,000 and Fair Rent is 1,40,000. Municipal Tax is imposel at 15% percent which is
paid by Raghav. Other expenses for the previous year 2022-23 being repairs ₹800, Insurance ₹1,500,
Interest on capital (borrowed during 1998) for constructing the property ₹63,000 pa. Find the house
property income for the assessment year 2023-2024.
SECTION C ( 2 x 15 = 30 Marks )
20. From the particulars given below compute income from house property for the assessment year 2023-
24.
Date of Completion 1-11-92
Municipal Rental Value 36,000
Fair Rental value 30,000
Self occupied 2/3 portion
Let out 13 portion, from 1-4-2022 to 31-8-2022 at 1000p.a
And self-occupied from 1-9-2022 onward
Municipal taxes 3,000 pa
Fire Insurance Premium 2,400 pa
Ground Rent 4,200 р.а.
Interest on Loan 7,500 p.a
21. Mr. A owns the house properties about which the detailed information is given below
House I House II
Annual MRV 24,000 38,000
Annual FRV 22,000 34,000
Annual Standard Rent 20,000 40,000
Annual Rent 30,000 36,000
Interest on loan taken for construction 28,000 p.a 22,000 p.a
Vacancy period 2months 3 months
Municipal Taxes 10% of MRV 2,400
Additional Information:
(a) Loan was taken for construction of House I by mortgaging the House II.
(b) Assessee receives salary of 12,000/- per month.
(c) Both the units are let out.
Calculate his Gross Total Income for the year ending 31.3.2024.
22. Mr. X constructed one house in 2023. 75% of the property is let out and 25% is occupied for his
residence. The let-out portion is also self-occupied for one month. The particulars are:
Municipal value of full house ₹ 5,000 p.a
Annual Rent of 75% portion 4,000 p.a
Municipal taxes 500 p.a
Ground Rent 100 p.a
Repairs 200 p.a
Fire Insurance premium 150 p.a
Collection charges 60 p.a.
Interest on loan taken for construction 600 p.a
His income from all Other Sources amounts to ₹ 10,000.
Estimate his Income from House Property.
Income from
house property
3 marks
1)MR. Ram owns a property in Chennai. (Municipal Value ₹ 1,60,000; Fair rental Value
₹1,80,000; Standard rent ₹1,50,000). The House is let out upto September 30, 2020 (Monthly
rent being 15,000). From October 1, 2023, the property is self-occupied for its own residential
purposes. Find out the Gross Annual Value for the Assessment Year 2024-25. (Qn 2022)
2)Mr. Surya owns a property in Delhi. Municipal Value₹60,000; fair rental value 65,000;
Standard rent 59,500; Actual rent 72,000; Loss due to vacancy 6,000.
Explain and Calculate Gross Annual Value from the above information.(Qn 2022)
3)From the Following Particulars, Compute the Gross Annual Value. (Qn 2017)
5)Mr.R. has a house in pune where Rent Control Act is applicable. Its MRV is 1,08,000 p.a. and
FRV is ₹1,20,000 p.a. Standard rent is ₹1,02,000. Compute Expected Rental Value
(ERV).(Qn2022)
6)X a Resident of Ajmer, receives 48,000 as basic salary during the previous year 2023-24. In
addition, he gets 4,800 as dearness allowance forming part of basic salary, 7% commission on
sales made by him(sales made by X during the relevant previous year is 86,000) and₹ 6,000 as
HRA. He however pays₹5,800-house rest. Determine the quantum of HRA exempt from tax.
(Qn 2017)
7)Arul owns a residential house. It comprises two equal residential units-Unit 1 and Unit II. While
Unit I is self-occupied by Arul for his residential purpose, Unit II is let (rent being ₹ 5,000
p.m)municipal value of the property is 1,20,000, Standard Rent is 1,30,000 and Fair Rent is
1,50,000. Find gross annual value for the Assessment Year 2024-25. (Qn 2017)
8 marks
1)Sri Srinivasan took a loan of 4,00,000 on 1.4.2020 at 20% p.a. to construct a house. The
construction of the house was completed on 1.11.2022. Compute the amount of interest
deductible in computing income from house property, assume the house is let out. (Qn 2022)
2)Mr. Z Owns a house property which is lets out for residence. He submits the following details
to compute gross annual value of the property.
Municipal Value 1,40,000
Annual rent if property is lets out throughout the previous year 1,68,000
3) Mr 'B' has let out a house property for a monthly rent of 20,000. It's municipal valuation is ₹
2,50,000 per annum. Its fair rental value is 2,40,000 p.a. It has been out from 01-10-1991. Mr 'B'
paid 10,000 as municipal taxes. Municipal taxes paid by tenants are ₹ 5,000, ₹3,000 municipal
taxes are due but not paid. Out of 10,000 paid by B 2,000 relates to subsequent two years. Find
out the net annual value of the house property for AY2024-25. (Qn 2017)
14 marks
1) Mr. X constructed one house in 2015, 75% of the property is let out and 25% is occupied for
his residence. The let out portion is also self-occupied for one month. The particulars are:
1. Mr. A invested ₹1,00,000 in 9% tax-free debentures of a company. What will be his taxable
interest for the previous year ending on 31-3-2024 if the rate of deduction of tax at source is
@10% if Interest accrues on 1 January every year? (3m)
2. Define the term dividend as given in section 2(22) of income tax act 1961. (3m)
3.Mr. Basu received the following income in the previous year 2023-2024. Compute the
Income from other sources.
a) Winning received from Sikkim lottery 70,000
b) Winnings from horse races 2,000
c) Winnings from cross word puzzle 4,000 (3m)
4. Mr. Murugan received the following income in the previous year 2023- 2024. Compute the
Income from other sources.
a) Rant from vacant land 12,000
b) Income from subletting₹ 6,000
c) Interest on fixed deposit 6,000(gross)
d) Family Pension received 24,600 (3m)
Calculate the amount of taxable gifts chargeable under the head "Other Sources” (8m)
6. Compute the Income the head Income from Other Sources of Mr. Arumugam.
7. From the following particulars of Mr. Edward for the previous year ended 31st March,2024,
estimate the total income for the Assessment year 2024-25. He received:
Particulars
9. Mr. Murugan received the following income in the previous year 2023- 2024. Compute the
Income from other sources.
SECTION A ( 10 X 3 = 30 Marks)
1. Mr. Basu received the following income during the year 2015-16. Compute Taxable income under
the head Income from other sources
2. The following incomes are received by Miss Geeya during the Assessment Year 2021-22.
Compute Taxable Income.
Royalty on books (Expenses for the above book ₹ 5,000) 30,000
Interest on post office saving bank 1,500
Cross word puzzle prizes 2,500
3. Mr. Naris previous years gross total income is ₹ 5,00,000. He has made the following donations.
Calculate the net income.
National Foundation for Communal Harmony 10,000
National Children’s Fund 20,000
National Defense Fund 25,000
4. Mr. R held the following investments:
(a) Rs. 90,000- @ 10% (Tax free) Debentures of a listed company. (Rate of TDS is 10 %)
(b) ₹1,00,000/- @ 12% State Government Loan.
Compute his income from interest on securities for the year ending 31.3.2017, if interest accrues
annually on 1st January.
5. List out any 6 specified incomes chargeable to tax under the head K2 *Income from Other Sources.
6. Mention the items that are disallowed under the head 'Income from other sources
7. Ganesan furnishes the following particulars of his income for the previous year 2019-20
Compute his income from other sources for the assessment year 2020-21
a) Dividend (gross) from Ashok Ley Land Ltd.- ₹ 25,000
b) Dividend from a cooperative society - ₹ 5,000
c) Interim dividend from Rane (Madras) Ltd. - ₹ 6,000
d) Dividend from a foreign company - ₹ 26,000
e) Dividend from U.T.1, --₹ 3,000.
8. Mr. Samy is totally blind , The following are the particulars of his income for the previous year
2019-20.
Salary 3,00,000
10. Mr. Murugan received the following income in the previous year 2020- 8. 2021.
SECTION B ( 5 X 8 = 40 Marks)
11. Mr. Raja Ram owned four houses. Their municipal valuations are rs.6000 rs.6000 rs,$500 and
rs.,10000 respectively. The municipality levies 10% tax. The first house is occupied for his
residence. Hari Ram is residing in the second house at a monthly rent of rs,800. The third house is
occupied by a business-house at an annual rent of rs,6600. In the fourth house Raja is carrying on
his own business which has yielded a net taxable income of rs,15145. The second and third houses
were completed on 30-6-2015. He claims the following deductions: Interest on mortgage of the first
house Rs. 200, Rs.600 paid as salary gardener in respect of the third house.
Appraise his income chargeable under the head Income from other sources.
12. Mr. Soni, whose gross total income is Rs. 40,00,000 makes the following donations during the
previous year ending on 31-3-2021.
1. To Prime Minister's National Relief Fund 1,00,000
2.To National Defence Fund 2,00,000
3.To a temple of public worship for its repair (so notified) 2,00,000
4. To a local college for construction of Commerce Block 1,00,000
5. To a poor student as aid 10,000
6. To Municipal Committee 1,00,000
7. To P.G.I. Chandigarh for promotion of Family Planning 50,000
8. To Chief Minister's Earthquake Relief Fund Maharashtra 20,000
The gross total income includes 10,00,000 profit on sale of long -term, capital assets. Compute his
total income for the assessment year 2021-22.
Calculate the amount of taxable gifts chargeable under the head Other Sources.
14. The following assesses are employed in business and hold certain 3 securities as investment, You are
required to compute the amount of interest which will be taxed under the head Income from Other
Sources.
(a) A received Rs. 9,000 as interest in respect of Govt Securities.
(b) R held Rs.20,000 6% Karnataka Govt.securities during the FY 2021-22
(c) B received Rs,10,000 as interest on securities which are mentioned in Sec 10(15)
(d) C held Rs. 20,000 14% debentures in J.K Ltd which are listed on the Calcutta stock exchange
(e) D received Rs.9,000 as interest on securities which are not listed on any stock exchange.
16. Compute the income under the head other sources of Miss Anu from the following details furnished.
a. She holds ₹ 50,000, 10% tax free Government securities
b. She received ₹10,000 interest on Tamil Nadu State Government securities
C. She holds 1,00,000 10% tax free debentures of P &R Co. Ltd(listed).
d. ₹ 12,000, interest was received by her on tax free securities of a Ltd Company.
e. ₹ 60,000 15% debentures are held by her in a Ltd Co.
f. ₹8,000, interest was received by her on securities of a paper mill company (listed).
SECTION C ( 2 x 15 = 30 Marks )
18. Nithin furnishes the following particulars of his income for the KS AY 2022-23.
He has the following investments as on 1/4/2021
Rs-50,000 5% Central Govt Loan
Rs.40,000 6% Govt. securities
Rs20,000 8% Preference shares a paper mill
Rs. 20,000 Equity shares of a tea company whose 60% income IS deemed to be agricultural
Dividend received income. on 1/5/2021 is Rs. 4000.
Rs.60,000 15% debentures of a limited co (listed)
Rs.10,00010% securities issued by the Govt of Nepal.
Rs.50,000 National Savings Certificate (acquired on 1/1 1/2020)
Interest accrued for the FY Rs.4520
Rs.18,000 10% (tax free) debentures of a limited co (unlisted)
Rs.5000 Debentures of a cooperative society, Interest received during the year Rs.450
Rs.140,000 FD in SBI for 5 years.The interest accrued for the year Rs.14,000
TDS @10%
On 1st Sept 2021, he bought Rs.50,000; Punjab Govt Loan Interest on which is payable on 31 Dec. For
this purpose, he took a loan from his bankers for Rs.40,000 at 10% pa and Rs:20,000 were financed
out of a personal loan taken for the purchase of motor car @10% pa Bank collection charges on interest
amounted Rs 800 and a commission of Rs.1 800 was paid on purchase of securities. Compute his
income from other sources for the A Y 2022-23.
19. From the following information of Mr. E for the previous year ended 31" March 2019, compute his
total income.
a)Director's fees from a company Rs.10,000
b)Interest from Bank deposit Rs.3,000
c)Income from undisclosed source Rs.12,000
d)Winnings from lottery(Net) Rs. 82,200
e)Royalty on a book written by him Rs,8,000
f)By giving lectures in functions Rs,$5,000
g)Interest on Loan given to a relative Rs,7,000
h)Interest on tax free debentures of a company(listed on stock exchange)Net Rs,3,560
i)Dividend on shares Rs.6,400
j)Interest on post office savings account Rs,500
k)Interest on govt security Rs.2,200
l)A sum of Rs.26,000 received as gift from a friend
m)A sum of Rs,50,000 received as gift from his sister
He paid Rs. 20 for collection of dividend and Rs. 1000 for typing the manuscripts of book written by
him.
SECTION A (10×3=30)
SECTION B (5×8=40)
Contribution towards the life of his wife (sum assured₹ 45,000) 2,500
14. Calculate the amount deductible under section 80-G. Gross Total Income 3,00,000. Deduction u/s 80-C to
80-U except Sec. 80-G₹ 50,000. Donation: PM National Relief Fund 30,000. Allahabad university -
National Eminence ₹20,000. Technology Development and Application Fund 10,000. PM's Drought
Relief Fund 10,000. Charitable Society 10,000. Family Planning 15,000. Sports Association 20,000.
15. Shri Anil earned total income of ₹5,00,000 in the previous year 2022-23 and made the following donations
during the year:
(i)₹10,000 to Chief Minister's Earthquake Relief Fund Gujarat.
(ii) 15,000 to National foundation for Communal Harmony.
(iii) 20,000 to Municipal Corporation approved for promotion of family planning.
(iv) 45,000 to approved institutions.
(v) ₹20,000 to Swachh Bharat Kosh.
Compute the amount of deduction admissible to him u/s 80G for the assessment year 2023-24.
16. Outline any ten deductions allowable from the gross total income u/s 80.
17. Compute the deduction section 80G.
1. Gross total income 5,00,000
2.Deducation u/s 80C to 80U [except us 80g] 35,000
3.Donation by cheques.
a. National children’s fund 25,000
b. P. M. National relief fund 20,000
c. Family planning 12,000
d. Delhi University-National eminence 30,000
e. Sports association 15,000
f. P.M. drought relief fund 10,000
g. Jawaharlal Nehru memorial fund 25,000
h. Public charitable institution registered u/s 80G 60,000
18. Mr. Soni whose gross total income is Rs. 40,00,000 makes the following donations during the
previous year ending on 31-3-2023
3.To a temple of public worship for its repair (so notified) 2.00.000
The gross total income includes 10,00,000 as profit on sale of long-term capital assets.Compute his total
income for the assessment year 2022-23.
SECTION C (1×15=30)
19. From the particulars given below estimate the total income of Mr. S. K. Giri a physically
handicapped person for the assessment year.
Salary received from employer 3,00,000.
The annual rental value of the let-out house 15,000.
Interest on loan taken to buy another house which is self-occupied 20,000.
He had sold another residential house on 1/4/20 for 24,00,000. Its FMV on 1/4/01 was 20,000. Out of
capital gain of the house he invested 5,00,000 in the bonds of National highways authority notified
under sec54EC (CII FOR 2020-21 IS 301)
He won 40,000 in race course betting and 2,000 in lottery.
He paid 6,000 by cheque as premium to secure the health insurance policy of GIC for his family.
His dependent mother who is suffering from cancer and he spent 46,500 on her treatment. His minor son
is mentally retarded, and he spent on his special education during the year 15,000.
He donated to Karnataka CM relief fund 10,000.
He gave 2,000 for repair of a notified temple and 1,500nto family planning association of India.
20. Estimate his total income and find out qualifying amount for deduction 80c.
From the following particulars of Mr. k who is working in pvt co Delhi (population above 25 lakhs)
Salary Rs 25,000pm.
Bonus Rs.20,000 per month.
DA 5,000 p.m. (Rs.3,000 per month enters)
Salary in lieu of past accumulated leave Rs. 15,000.
Entertainment allowance Rs.1,500 p.m.
Reimbursement of conveyance expenditure incurred in the performance of duty Rs.1,500 per month.
Furnished house at concessional rent of Rs.3,000 per month.
Fair rental value Rs,6,500 p.m., cost of furniture.
Rs3,50,000 salary of garner Rs. 1,000 per annum.
Club bill paid by employer Rs.7,200 per annum.
Employer and employee contribution to RPF 13% of salary each.
Reimbursement of medical expense in respect to treatment of notified disease Rs.20,000(Approved
hospital)
Life Insurance premium paid.
Own life Rs.20,000 per annum Wife life Rs. 15,000 per annum Major son Rs.12,000 per annum.
ELSS deposit Rs.20,000.
Contribution to PPF RS.24,000 per annum.
21. Mr. Kothandam, a resident individual submits the following details for the previous year 2015-2016.
1. Contribution towards Pension Fund of LIC 35,000
2. Medical expenditure on the health of his father of 80 years 40,000
3. Medical treatment of dependent handicapped Brother 15,000
4. Deposit with UTI for the maintenance of the
Dependent handicapped brother 40,000
Salary income of the assessee is 1,70,000 p. a
Professional Tax paid 1,200.
Find out the deductions eligible u/s. 80C to 80. What is the amount of deduction eligible us. 80DD if his
brother is of 60 years age?
DEDUCTIONS OUT OF GROSS TOTAL INCOME
3 MARKS
1. WHAT IS THE QUALIFYING AMOUNT u/s 80G ?
2. MR.A GOT MEDICAL INSURANCE OF ALL FAMILY MEMBERS AND PAID A PREMIUM OF ₹26,000
AND ₹42,000 FOR HIS DEPENDENT PARENTS (SENIOR CITIZENS) IN THE PREVIOUS YEAR 2023-24.
CALCULATE THE AMOUNT OF DEDUCTION U/S 80D.
8 MARKS
1. Shri Anil earned gross total income of ₹5,00,000 in the previous year 2023-2024 and made
the following donations during the year:
₹10,000 to chief minister,s earthquake relief fund Gujarat
₹15,000 to national foundation for communal harmony
₹20,000 to municipal corporation approved for promotion of family planning
₹45,000 to approved institutions
₹20,000 to swachh bharat kosh
Compute the amount of deduction admissible to him u/s 80G for the assessment year2024-2025
under the old tax regime .
2. outline any ten deductions allowable from the gross total income u/s 80?
3. Calculate the amount deductable under section 80G gross total income ₹3,00,000. Deduction
u/s 80C to 80U except sec 80G ₹50,000 donation: pm national relief fund ₹30,000 allahabad
university –national eminence ₹20,000 technology development and application fund ₹10,000 pm’s
drought relief fund ₹10,000 charitable society ₹10,000 family planning ₹15,000. Sports association
₹30,000.