AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 106 Topic 11 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 106 Topic 11 Discussion

CTEP Exam Topic 11 Question 106 Discussion:
Question #: 106
Topic #: 11

Dinesh is entitled to a basic salary of Rs. 5,000 p.m. and dearness allowance of Rs. 1,000 per month, 40% of which forms the part of the retirement benefits. He is also entitled to HRA of Rs. 2,000 per month. He actually pays Rs. 2,000 per month as rent for a house in Delhi. Compute the taxable HRA.


A.

Rs. 17,520


B.

Rs. 32,400


C.

Rs. 18,000


D.

Rs. 24,000


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