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Exam CWM_LEVEL_2 topic 1 question 52 discussion

Actual exam question from AAFM India's CWM_LEVEL_2
Question #: 52
Topic #: 1
[All CWM_LEVEL_2 Questions]

Mr. Ramlal is entitled to a basic salary of Rs. 50,000 p.m. & D.A. of Rs. 10,000 p.m. 40% of which forms part of retirement benefits. He is also entitled to HRA of Rs. 20,000 p.m. He actually pays Rs. 20,000 p.m. as rent for a house in Delhi. Compute the taxable HRA.

  • A. Rs. 64,800
  • B. Rs. 56,569
  • C. Rs. 89,541
  • D. Rs. 55,200
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Suggested Answer: B 🗳️

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ce0ff57
1 week, 3 days ago
Selected Answer: A
A is correct
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