Posted by: Pdfprep
Post Date: January 15, 2021
Pranoy 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 p.m. He actually pays Rs. 2,000 p.m. 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
Answer: A