Mr. X has two sons. He is in receipt of children education allowance of ₹ 150 p.m. for his elder son and ₹ 70 p.m. for his younger son. Compute his taxable allowance.
A. ₹ 2,640
B. ₹ 600
C. ₹ 240
D. Nil
Answer:B
Mr. X has two sons. He is in receipt of children education allowance of ₹ 150 p.m. for his elder son and ₹ 70 p.m. for his younger son. Compute his taxable allowance.
A. ₹ 2,640 B. ₹ 600 C. ₹ 240 D. Nil