Mr. M is an area manager of M/s Allwin Ltd. During the financial year 2007-08, he gets the following emoluments from his employer:
Compute taxable salary of Mr. M for the Assessment year 2008-09.
A . Rs. 2,75,000
B . Rs. 3,09,850
C . Rs. 2,48,800
D . Rs. 3,53,000
Answer: B